27 July 2026
Purple Group Limited (JSE: PPE), the South African fintech group that owns share trading platform, EasyEquities, has signed an agreement to acquire our client, Telescope AI, for up to USD $10.75M.
Telescope AI is an early stage Australian-founded fintech that orchestrates frontier AI for capital markets. Its platform is used by leading brokerage and trading providers worldwide.
Coghlan Duffy acted for the founding selling shareholder in the transaction. The team comprised John Coghlan (Partner) and Jack Enticott (Lawyer), with specialist tax advice from Jeremy Makowski (Partner).
Completion of the deal is subject to approval from the South African Reserve Bank’s Financial Surveillance Department and customary closing conditions.
Coghlan Duffy is a specialist corporate and commercial law firm based in Melbourne. The firm is proud to work with an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.
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