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: 2021-04-01 | Source: DealMakers | Author: Marylou Greig

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

Exchange Listed Companies

  • Super Group's 60.13% held ASX-listed SG Fleet Group, has entered into an agreement with Dutch Group LeasePlan Corporation to acquire 100% of the ordinary shares in LeasePlan Australia and LeasePlan New Zealand. The aggregate purchase consideration to be paid is A$387,4 million (R4,41 billion) comprising a combination of shares and cash. The acquisitions will allow SG Fleet to create significant additional scale across operations.
  • Consolidated Infrastructure which is in business rescue has, through its subsidiary Consolidated Power Projects, disposed of Consolidated Power Maintenance to 3Energy Renewables for a cash purchase price of R5,9 million.
  • Old Mutual's asset management arm, Future Growth Development Fund, has made an undisclosed investment into Impulse Biomed which will assist in the development of its ZiBiPen, a device developed locally for the treatment of anaphylaxis.

Unlisted Companies

  • Beryl Group, a pan-African, majority black female owned diversified investment company, has acquired from Africoal its stake in Eyethu Coal for an undisclosed sum. This effectively positions the group as the 100% shareholder. Eyethu Coal is a large supplier of coal locally as well as a major supplier of A-grade coal into the export market.
  • Afgri Animal Feeds, a division of Philafrica Foods, has acquired the Martin & Martin dry pet food facility based in Isando. It will be rebranded Afrique Pet Food. The acquisition is complementary to the animal health and wellness strategy of Afgri Animal Feed's existing brands. Financial details were undisclosed.

DealMakers is SA's M&A publication.

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