4Sight Holdings Limited (JSE:4SI) entered into an agreement to acquire Foursight South Africa for ZAR 71.9 million on January 15, 2018. 4Sight Holdings will acquire entire issued share capital and loan account claims of the Foursight South Africa group for ZAR 11.7 million in cash and through issue of 36.9 million. Following completion, Foursight South Africa and its subsidiaries will become subsidiaries of 4Sight Holdings. The transaction is subject to the approval by the Board of directors of 4Sight Holdings by not later than January 31, 2018, the conclusion of a satisfactory due diligence process on Foursight South Africa and its underlying subsidiaries, namely Visualitics, Fleek and Casewise by no later than January 31, 2018, approval of the shareholders of Foursight South Africa and any other regulatory approvals to the extent necessary. Approval of shareholders of 4Sight Holdings is not required. However, a fairness opinion is required in accordance with the JSE listing requirements. As of February 1, 2018, the transaction received approval from Board of Directors of 4Sight Holdings, conclusion of satisfactory due diligence process and approval from shareholders of Foursight South Africa. As of February 28, 2018, Arbor Capital have concluded that the terms of the transactions are fair. Arbor Capital Sponsors Proprietary Limited acted as financial advisor to 4Sight Holdings.