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: 2021-02-19 | Source: DealMakers | Author: Marylou Greig

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

Exchange Listed Companies

  • Delta Property Fund has disposed of the property located at 57 Kasteel Road, Lynnwood Glen in Pretoria for a consideration of R25 million. The property, together with all buildings and improvements, was sold to Pacificus Developments.
  • Castleview Property Fund has concluded an agreement to acquire Cravenby Shopping Centre in Beaconvale, Western Cape from FPG Holdings for an aggregate purchase consideration of R39 million.

Unlisted Companies

  • Stanley Oil & Gas, the Texas-based provider of pipeline services and equipment in over 100 countries, has sold its South African business entities Stanley Inspection South Africa, De-tect Unit Inspections and Cooperheat of Africa, to its local management team.
  • Synatic, an automation data company, has raised seed funding from UW Ventures in partnership with Allan Gray and E Squared. Synatic's data platform assists enterprises to build their business through its platform. Funds will be used to deepen its low-code data platform and expand its customer base across the US.
  • Mercedes-Benz South Africa has announced the disposal of 100% of the issued ordinary shares of Daimler Trucks and Buses Southern Africa to Daimler Truck AG for an undisclosed sum.
  • MortgageMarket.co.za a fintech marketplace for home loans, has completed its latest funding round, raising R10 million from venture capital firm IDF Capital. The funds will be used to bolster its growth strategy as it strengthens local operations and expand its brands.

DealMakers is SA's M&A publication.

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