Exchange-Listed Companies
Collins Property Group’s Netherlands subsidiary has concluded a series of inter-conditional agreements with Budé Beheer B.V. to acquire the property letting enterprises in respect of the associated properties of eight Do It Yourself stores (Gamma and Karwei franchise stores). The properties will continue to be tenanted by these franchise stores. The cash purchase consideration of €31,5 million may be adjusted upwards but is capped at €32,79 million.
In a deal which further expands its footprint in East Africa, ADvTECH has acquired Regis Runda Academy located northeast of Nairobi in Kenya. The academy, acquired for KSh1,23 billion (R172 million) will be rebranded as Makini Schools Runda.
Sirius Real Estate has acquired a further two business parks. The first, acquired for €23,4 million is in Dresden, Germany. Sirius plans to convert this into a multi-let industrial park. The second acquired for £16,13 million is a UK multi-let business park in Bedford, comprising warehouse, leisure, studio and office space.
Prime Kapital Investments (PKI) has launched its conditional voluntary bid to acquire those MAS plc shares not already held. The condition refers not to the acquisition of all outstanding MAS shares but rather to at least 10% of minorities accepting the offer of €1.40 per share. PKI has received SARB approval to list the consideration instruments on the CTSE. The offer period closes on 14 August 2025.
Prosus has led a US$4,17 million (R75 million) pre-Series A funding round in Arivihan, India’s first fully AI-based learning platform. The funds will be used to scale Arivihan’s go-to-market strategy and to building localised distribution networks in new geographies.
Deneb Investments has disposed of a property, considered non-core to its strategy, to Earth Instyle for a consideration of R48,5 million. The property situated at 195 Leicester Road, Mobeni in Durban was valued in the last company audited results for 31 March 2025 at R50,2 million. Proceeds will be applied to reducing debt.
To ensure compliance with the foreign control restrictions relating to the mandatory offer by Canal+, MultiChoice South Africa will be reorganised – details of this have now been announced. For an excellent explanation and analysis of a complex set of sequential inter-conditional transactions read Ghost’s summary here.
In its latest update, Primary Health Properties plc (PHP) says it has received valid acceptances for c.3.38% of Assura plc shares (110,278,589 shares) under the revised offer. Assura shareholders have until 12 August 2025 to accept the offer.
Unlisted Companies
Local travel fintech startup TurnStay has secured US$2 million in seed funding in a round led by First Circle Capital with participation from TLCom Capital, Enza Capital, Incisive Ventures, CVVC and Equitable Ventures. The funds will be used to expand its innovated stablecoin-based payment solution for Africa’s tourism sector. Tourism operators can accept card payments for international travellers in their local currencies while settling locally in stablecoins. This slashes transaction costs by as much as 70% and significantly accelerates the payout cycle, helping improve cash flow and reduce dependency on global travel platforms. TurnStay raised $300,000 pre-seed funding in July 2024.
Super app-as-a-service platform Flood has raised US$3,5 million in seed funding from venture capital firm CRE.vc and backed by angel investors. This follows a $1 million round in July last year. The platform which operates in SA, India and the Maldives will use the funds to expand into new emerging markets over the next few years. Flood’s value proposition for the digital commerce ecosystem in emerging markets is to onboard offline merchants to streamline financial inclusivity by partnering with telecos and banks to support this process.
Altera Biosciences, Africa’s dedicated cell and gene therapy biotech company, has successfully closed a R29 million pre-seed funding round. The investment, secured from venture capital firms including OneBio Venture Studio and E Squared Investments, will be used to further develop a universal donor cell platform.
Afriwise, a legal and regulatory intelligence platform for Africa, has acquired LawExplorer, a South African provider of regulatory monitoring and legislative tracking solutions. Financial details of the transaction were not disclosed.
IZI Group has completed its acquisition of G4S Cash Solutions (SA), following the receipt of all regulatory approvals. The deal was structured to ensure continuity for staff and suppliers and customers.
DealMakers is SA’s quarterly M&A publication.
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