Exchange-Listed Companies
Logicalis Germany, a wholly owned subsidiary of Datatec, has acquired 100% of the share capital of NetworkedAssets, a specialist in software development, network automation and observability solutions. The company has operations in Berlin and in Wroclaw, Poland. The deal better positions the group to support customers in automating and operating increasingly complex IT environments. The acquisition became effective on 24 March 2026, financial details of which were undisclosed.
Trematon Capital Investments’ subsidiary Tremgrowth has entered into an agreement to dispose of Club Mykonos Langebaan for R70 million, subject to adjustments. The acquirer Variflex Trading 138 is a related party, representing a management consortium led by the current Trematon CEO. The net proceeds of the disposal will be available for distribution to shareholders.
Discovery via its subsidiary Vitality Group International has agreed to dispose of half of its 8.7% stake in CMT for US$49,5 million (R831 million) to TPG Global. Discovery originally invested $5 million in 2014 to acquire a 21.67% interest and over the period net dilutions and disposal gains have earned Discovery $75 million in aggregate.
Labat Africa is to acquire the remaining 49% shareholding in Ahnamu Investments, an ICT solutions provider, from H Khan for a purchase consideration of R40 million. The purchase consideration will be settled through the issue of 400 million Labat ordinary shares at an issue price of R0.10 per share. The deal is a category 2 transaction and as such does not require shareholder approval.
The posting date of the circular to shareholders by Zeder Investments following the disposal of Zaad Holdings by its subsidiary Zeder Financial Services has been revised and is expected to be available to shareholders on 31 March 2026.
Unlisted Companies
littlefish, the Johannesburg-based fintech infrastructure company, has raised US$9,5 million Series A round led by French development finance institution Proparco. The round included participation from TLCOM Capital and Flourish Ventures. The new capital will be used to grow the team, accelerating product development and scale its go-to-market operations.
Cape-based startup Happy Pay has raised US$5 million in a seed round led by global technology investor Partech. The round saw participation from Futuregrowth Asset Management, 4Di Capital, E4E Africa, Equitable Ventures, Summit Deals, the University Technology Fund and Felix Strategic Investments. Happy Pay, a Buy Now, Pay Later (BNPL) platform, will use the fresh capital to scale the first ad-subsidised payments network to deliver cost-free BNPL payments for local consumers. The funds will also be used to expand merchant partnerships and grow distribution across digital and physical channels.
DealMakers is SA’s quarterly M&A publication.
www.dealmakerssouthafrica.com
