Who’s doing what in the South African & African M&A space?


Who’s doing what in the South African & African M&A space?


Published Date: 2018-05-04 | Source: DealMakers | Author: Marylou Greig

Who’s doing what in the South African & African M&A space?

JSE Listed Companies

  • Go Life International (GLI) has announced a new BEE partner with the sale of a 26% stake in the company to Caligraph for an undisclosed sum. Caligraph through GLI intends to play a significant role in the pharmaceutical and nutraceutical industry in SA and abroad, both as an investor and as the facilitator of black empowerment within Go Life Healthcare.
  • Invicta has announced that its wholly-owned subsidiary Invicta South Africa, has acquired the business assets of the Forge Industrial Group which comprises of importers and distributors of engineering related products, machining tools and industrial conveyer belting and related components. Financial details of the transaction were not disclosed.
  • Stellar Capital Partners has informed shareholders of its agreement to dispose of Cadiz Asset Management to Warwick for an undisclosed sum.
  • Mondi is to acquire the National Company for Paper Products and Import and Export a privately owned industrial bag producer, operating in Giza in Egypt. The total consideration payable on a debt and cash free-basis is €23,7 million (R355,5 million).
  • 4Sight has announced a further acquisition, that of Ntsika ICT Security from various vendors. Ntsika is a cyber security start-up, specialising in building security solutions addressing risk appropriate multifactor authentication for industrial control systems and IoT deployments. The aggregate purchase consideration will be paid primarily on an Earn-out basis.
  • Jubilee Metals has acquired by way of a £2 million investment (R34,4 million) a further 25% stake (taking the aggregate interest to 40%) in the joint venture formed in 2017 with BMR Group to jointly pursue the Kabwe surface zinc, lead and vanadium project in Zambia.
  • Investec Property Fund has announced the investment in a Pan-European logistics property portfolio for an initial equity investment of €74,2 million (R1,12 billion). The 42.9% stake is in a portfolio of 22 logistics properties located across Europe. The fund will be investing alongside funds managed by Ares Management in order to establish a Pan-European logistics real estate platform.
  • Mas Real Estate has through its subsidiary PKM Investments, acquired Militari Shopping Centre based in Bucharest, Romania for €95 million (R2,89 billion). The centre was acquired from Atrium European Real Estate subsidiaries MD CE Holdings and Atrium Turkey Samsun.
  • Orion Minerals is to dispose of its non-core Connors Arc Project to Evolution Mining. The sale is consistent with the company's decision to place greater focus on its flagship project, the Prieska Zinc-Copper Project in the Areachap Terrain in the Northern Cape and its highly prospective regional exploration projects with the Areachap Belt.
  • Sirius Real Estate has disposed of its German-based Bremen Brinkman business park for €15,5 million (R234,1 million).
  • Globe Trade Centre has acquired 100% of the capital of Dorado 1 EOOD, a Bulgarian company and the owner of Mall of Sofia. The net purchase price, after deduction for latent capital gains tax for Dorado, is €90 million (R1,35 billion). The purchase price will be financed by the GTC's own cash resources.
  • Grand Parade Investments has announced that the disposal of rental enterprise at 33 Heerengracht Street, Cape Town announced in March will not proceed.

...... and in Africa

  • Diamond Bank, the Nigerian-based multinational financial service provider has disposed of its UK subsidiary Diamond Bank (UK), to British industrialist Sanjeev Gupta's GFG Alliance. The transaction value was undisclosed.
  • Orange Digital Ventures Africa, IFC Ventures and Social Capital have invested in Africa's Talking, a Nairobi-based company providing access to telecom operators' communication and payment APIs for developers. The investment is part of a major round of funding of $8,6 million which will accelerate Africa's Talking plans of internalisation to support its clients' expansion strategies.
  • Trevali Mining will undertake a partial share buyback of Rosh Pinah Zinc shares from Namibian shareholders for an aggregate amount of $24,2 million. Following the cancellation of the tendered shares Trevali will increase its effective beneficial ownership in Rosh Pinah Zinc from 80% to 90%.

DealMakers is SA's M&A publication.


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