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Who’s doing what in the South African M&A space?
Who’s doing what in the South African M&A space? Exchange Listed Companies
Master Plastics has announced it has received a firm intention offer to acquire the company by private equity funds Metier Capital Growth Fund II and MCGF II Investments. The offer to acquire 104,93 million shares excludes the 10.72% stake held by the current CEO. The cash offer price of R2.00 per share values the deal at R209 million. The company listed on AltX in May 2017 with a market capitalisation of R104 million.
Ethos' private equity Fund VII, has made a R700 million investment into Channel VAS, a global Fintech provider based in Dubai. Channel VAS is a provider of Mobile Financial Services, Big Data analytics and Airtime Credit Service to mobile subscribers in over 30 countries across Africa, the Middle East, Asia, Latin America and Europe.
Interwaste has announced it has received a firm offer by Sch SA to acquire the entire issued share capital of the company for a cash consideration of R1.20 per share. Sch Environment is a leading French player in the recovery and treatment of all types of waste from both industry and local communities. The transaction is valued at R542 million. Following the implementation of the scheme Interwaste will be delisted from the main board of the JSE.
Master Drilling and Italian construction company Ghella, have announced a joint venture (49%:51%) which will operate under a newly registered company TunnelPro. The joint venture will pursue tunnel boring projects in the smaller scope civil construction and broader mining industries while also offering select product supply and professional services to industry third parties.
Adapt IT has entered into a purchase agreement with Jed Holdings to acquire the businesses of Conor Solutions which operates in the ICT sector focused on mobile technologies providing turnkey solutions to mobile operators, financial institutions, enterprises and SMMEs in Africa and South America. The total purchase consideration is R80 million.
Mettle Investments has acquired Imali Medical Claims from the trustees of the Andia Trust and the Viola Trust, for the 49% indirect stake in Christopher Finance (CF) for R17,7 million. CF is a niche financial services company providing working capital finance to selected firms of attorneys which is secured by claims for costs the attorneys have against reputable third parties. Mettle will also internalise the management of CF for a maximum amount of R15 million.
BHP Billiton has been successful in its bid to acquire a 100% participating interest in, and operatorship of, two exploration licences for blocks 8 and 12 in the offshore Orphan Basin in Eastern Canada. The bid amount of $625 million covers the drilling and seismic work required.
Orion Real Estate has acquired two properties, the Royal Palms Lodge and the Dakota Business Park, both located in Germiston Gauteng. The sellers, J Landman and Osborn Property will receive R13,5 million for the Royal Palms property and R32 million for the Business Park.
Unlisted Companies
Epiroc, a Stockholm-based developer and producer of innovative drill rigs, rock excavation and construction equipment, is to acquire New Concept Mining, a local manufacturer of rock reinforcement products for underground mining. New Concept Mining also has facilities in Peru, Zambia and Canada.
Partner Tech Corporation , a subsidiary of Taiwanese-listed Qisda Group, has acquired specialist ICT Distributor Corex. The financial details of the transaction were undisclosed.
Silversoft, a provider of enterprise software and information solutions for project-based and professional services firms and Deltek Platinum Partner, have acquired Magnetic, an agency management software firm based in Cape Town.
Centurion Law Group, a pan-African legal and business advisory group with experience in oil and gas law, has acquired IMANI-Africa Lawyers on Demand. Imani is an agile and flexible legal service solutions designed for short and long term legal projects for corporations and public institutions in Africa. Both companies are based in Johannesburg.
DealMakers is SA's M&A publication.www.dealmakers.co.za
Follow @DealMakers
...back to DealMakers
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By INCE|Connect NewsWho’s doing what in the South African M&A space? Exchange Listed Companies
Master Plastics has announced it has received a firm intention offer to acquire the company by private equity funds Metier Capital Growth Fund II and MCGF II Investments. The offer to acquire 104,93 million shares excludes the 10.72% stake held by the current CEO. The cash offer price of R2.00 per share values the deal at R209 million. The company listed on AltX in May 2017 with a market capitalisation of R104 million.
Ethos' private equity Fund VII, has made a R700 million investment into Channel VAS, a global Fintech provider based in Dubai. Channel VAS is a provider of Mobile Financial Services, Big Data analytics and Airtime Credit Service to mobile subscribers in over 30 countries across Africa, the Middle East, Asia, Latin America and Europe.
Interwaste has announced it has received a firm offer by Sch SA to acquire the entire issued share capital of the company for a cash consideration of R1.20 per share. Sch Environment is a leading French player in the recovery and treatment of all types of waste from both industry and local communities. The transaction is valued at R542 million. Following the implementation of the scheme Interwaste will be delisted from the main board of the JSE.
Master Drilling and Italian construction company Ghella, have announced a joint venture (49%:51%) which will operate under a newly registered company TunnelPro. The joint venture will pursue tunnel boring projects in the smaller scope civil construction and broader mining industries while also offering select product supply and professional services to industry third parties.
Adapt IT has entered into a purchase agreement with Jed Holdings to acquire the businesses of Conor Solutions which operates in the ICT sector focused on mobile technologies providing turnkey solutions to mobile operators, financial institutions, enterprises and SMMEs in Africa and South America. The total purchase consideration is R80 million.
Mettle Investments has acquired Imali Medical Claims from the trustees of the Andia Trust and the Viola Trust, for the 49% indirect stake in Christopher Finance (CF) for R17,7 million. CF is a niche financial services company providing working capital finance to selected firms of attorneys which is secured by claims for costs the attorneys have against reputable third parties. Mettle will also internalise the management of CF for a maximum amount of R15 million.
BHP Billiton has been successful in its bid to acquire a 100% participating interest in, and operatorship of, two exploration licences for blocks 8 and 12 in the offshore Orphan Basin in Eastern Canada. The bid amount of $625 million covers the drilling and seismic work required.
Orion Real Estate has acquired two properties, the Royal Palms Lodge and the Dakota Business Park, both located in Germiston Gauteng. The sellers, J Landman and Osborn Property will receive R13,5 million for the Royal Palms property and R32 million for the Business Park.
Unlisted Companies
Epiroc, a Stockholm-based developer and producer of innovative drill rigs, rock excavation and construction equipment, is to acquire New Concept Mining, a local manufacturer of rock reinforcement products for underground mining. New Concept Mining also has facilities in Peru, Zambia and Canada.
Partner Tech Corporation , a subsidiary of Taiwanese-listed Qisda Group, has acquired specialist ICT Distributor Corex. The financial details of the transaction were undisclosed.
Silversoft, a provider of enterprise software and information solutions for project-based and professional services firms and Deltek Platinum Partner, have acquired Magnetic, an agency management software firm based in Cape Town.
Centurion Law Group, a pan-African legal and business advisory group with experience in oil and gas law, has acquired IMANI-Africa Lawyers on Demand. Imani is an agile and flexible legal service solutions designed for short and long term legal projects for corporations and public institutions in Africa. Both companies are based in Johannesburg.
DealMakers is SA's M&A publication.www.dealmakers.co.za
Follow @DealMakers
...back to DealMakers