Who's doing what this week in the South African M&A space?


Who's doing what this week in the South African M&A space?


Published Date: 2020-10-02 | Source: DealMakers | Author: Marylou Greig

Who's doing what this week in the South African M&A space?

Exchange Listed Companies

  • Tsogo Sun Hotels and Hospitality Property Fund have agreed on the terms and conditions of a proposed offer Tsogo Sun to acquire all the remaining ordinary shares in Hospitality other than those held by subsidiaries and treasury shares in a ratio of 1.77 Tsogo Sun shares per Hospitality share acquired. If the offer is implemented and is successful, Hospitality will be delisted from the JSE.

Unlisted Companies

  • Vuna Partners, a bespoke private equity investor based in Johannesburg, has acquired an 80% stake in local firm 4PL Group from the Mergon Group. 4PL is an integrated supply chain company with a national and international footprint providing end-to-end logistics solutions spanning specialised and bulk road, rail, sea and air freighting, import/export clearance and forwarding, cross border services, warehousing, tracking and reporting technology. The remaining 20% stake is held by 4PL management. Financial details were undisclosed.
  • Zebu Investment Partners, a South African private equity fund manager, has through its Africa Food Security Fund, acquired a majority stake in Ag-Tech company IQ Logistics (IQL). The company is the owner and developer of a cloud-based platform used to collect, collate and aggregate data for the purposes of tracing agricultural outputs and related key data down the value chain. The investment will be used to scale IQL's business by expanding the platform within other agricultural value chains and regions.
  • Mackay Marine, a US-headquartered electronic equipment supplier has acquired local Dynamic Marine Systems, combining the SA operations with its 43 global locations. Financial details were undisclosed.

DealMakers is SA's M&A publication.

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