Exchange Listed Companies
It was another quiet week on SA’s exchanges:
Altron subsidiary Altron TMT is to dispose of its ATM hardware and support business of ATMT’s Altron Managed Solutions division. The unit will be acquired by NCR Corporations’ South African subsidiary Spark ATM Systems. The purchase consideration is capped at $10 million.
Emira has published the results of its offer to minority shareholders to acquire Transcend Residential Property Fund. Prior to the offer, Emira held a 45.18% stake in the property fund. The offer was accepted by shareholders owning 22.98% of the shares in issue resulting in an increase in its shareholding to 68.11%.
Spear REIT has disposed of its wholly-owned subsidiary Blend Property 15, the owner of 15 on Orange, to Zimbali Coastal Resort, a Resrev Malta subsidiary, for a consideration of R246 million. The disposal is in line with Spear’s stated strategy to exit the hospitality sector. The disposal consideration represents a 7% discount to the call option price. The funds will be used to settle debt.
Unlisted Companies
acQuire Technology Solutions, a Perth headquartered company, has acquired MTS, a South African-based company specialising in people-centred technology and advisory services such as ESG performance information.
Hlayisani Capital, a local private equity firm, has acquired a minority stake in Tractor Media, a digital outdoor media company. The investment will be used to acquire key sites, new portfolios and invest in advanced and cutting-edge technologies.
Local investment holding company Tabono Investments, has acquired a stake in Advanced Group, a risk management, mitigation and emergency response specialist in the mining sector. Financial details were not disclosed.
Grands Chais de France, French wine giant, has acquired Stellenbosch winery Neethlingshof. Financial details were undisclosed.
Stonehage Flemming, the British multi-family office, is to acquire South African-based investment firm Rootstock Investment Management in a deal which will boost the UK firm’s assets under management.
Inospace, a local owner and operator of serviced logistics, has acquired two properties located in Airport Industria in Cape Town. The properties Sky Park and Alkin Park will be rebranded and integrated into Inospace’s network of sites. The assets were acquired from a family office selling its SA assets. Financial details were undisclosed.
DealMakers is SA’s M&A publication
www.dealmakerssouthafrica.com
