Exchange-Listed Companies
Growthpoint Properties subsidiary, Growthpoint Healthcare Properties (GHPH), which is managed by Growthpoint Investment Partners, is to acquire the properties and operations of Auria Senior Living, a developer, owner and operator of senior living communities in South Africa. The property assets are valued at R2,4 billion and would initially add four Auria senior living communities to the portfolio. Auria will continue to operate under its current leadership team and brand. Auria’s pipeline of developments include Coral Cove in Salt Rock, KZN in addition to brownfield opportunities which GHPH intends to commence. The acquisition will take GHPH’s assets under management to c.R6,2 billion.
Kibo Energy has announced it will potentially acquire Carbon Resilience, a utility-scale industrial decarbonisation and renewable energy company for US$135 million (R2,3 billion) from FA SPC Real Asset Income, part of the institutional asset management platform of the ARIA Commodities’ group. Following the completion of a due diligence process, the company will be required to undertake a fundraising in connection with the transaction. Kibo will issue c.966 million ordinary shares at an issue price of 10.4 pence per share and will seek shareholder approval for a 1,600:1 share consolidation. The transaction will result in a reverse takeover of the company.
SA Corporate Real Estate (SAC) through its wholly-owned subsidiary SA Retail Properties, has entered into an agreement with Tinos Consulting and Advisory to dispose of Bluff Towers Shopping Centre in Durban for a cash consideration of R544,65 million. The disposal aligns with SAC’s strategy of reducing its retail exposure to KZN.
Vunani’s 78% held subsidiary Vunani Fund Manager has acquired the remaining shares in Sentio Capital Management – a black-owned and managed fund manager. Prior to the merger, Investment Managers Group (IMG) held a 30.05% stake in Sentio. Due to the dilution of its stake as a result of the merger, IMG opted to exit its stake as part of concluding the merger. Sentio will be merged with VFM to form Vunani Sentio Fund Managers. VFM will issue 44,754 shares to Sentio’s shareholders and a cash consideration.
Deneb Investments will acquire 80% of issued share capital of Dawning Filters from vendors MG Dain and the Dibb Family Trust. The R80 million purchase consideration will be paid in cash to the sellers in a 50:50 ratio. The deal is a category 2 transaction and as such does not require shareholder approval.
On 1 October 2025, the parties to the Barloworld transaction agreed to waive the Standby Offer Condition relating to the receipt of competition regulatory approval by COMESA. As at 6 October 2025, NewCo had received valid acceptances of the Standby Offer in respect of 108,25 million shares equating to c.58% of shares in issue. This combined with the Consortium’s and Barloworld Foundation shares equates to 81.8% of the shares in issue. Shareholders who still wish to accept the Standby Offer have until Friday, 7 November 2025 to do so. Results will be announced on 10 November 2025.
Unlisted Companies
36ONE Asset Management has concluded a BEE transaction with a consortium led by MI Capital and including 36ONE staff members and youth communities represented through the Invincible Empowerment Trust. The consortium will acquire a 22% stake in the company. Financial details were not disclosed.
Dibber International Preschools has acquired the South African LittleHill Montessori group of schools, which include five campuses in Kikuyu, The Polofields, Fynbos, Thaba-Eco, and The Huntsman. The five schools will now operate under the Dibber Montessori name, continuing their strong Montessori focus while incorporating Dibber’s Nordic pedagogy, which emphasises play-based learning and holistic child development. Financial details undisclosed.
EduLife, a South African network of private schools, has acquired Arrow Academy, marking the scaling of it footprint into Gauteng. The expansion was supported by Sanari Capital’s 3S Growth Fund, under which EduLife is a portfolio company. Financial details were undisclosed.
DealMakers is SA’s quarterly M&A publication.
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