Exchange-Listed Companies
Old Mutual Private Equity (Old Mutual) is to exit its 2018 investment in Medhold to Sanlam Private Equity (Sanlam). In operation since 1988, Medhold is a leading supplier of medical devices in Southern Africa. Its product range comprises critical healthcare devices including anaesthetic delivery systems, orthopaedics, robotic assisted surgery, minimally invasive surgery, patient monitoring, cardiology, maternal infant care, infection control, surgical workspaces and electro-surgical equipment. Financial details were not disclosed.
As part of its strategy to diversify and strengthen its revenue streams within its existing ecosystem, eMedia has announced the acquisition of a 30% strategic equity stake in Pristine World. Pristine World is beneficially owned by UAE’s Convergence IT Services and is a specialist provider of visual effects services catering to the global film and television and commercial markets. eMedia will pay US$6,92 million (R119,1 million) for the stake which will be funded out of existing cash resources and available facilities.
Remgro via its joint venture Pembani Remgro Infrastructure Fund II has invested US$20 million in Kenyan Internet Service Provider (ISP) Mawingu. The capital injection will be used to scale its long-term expansion strategy which aims to impact one million people across the continent by 2028.
Prosus subsidiary OLX has purchased La Centrale in an all cash €1,1 billon deal from Providence Equity Partners. La Centrale is an online French vehicles classifieds platform, the acquisition of which will accelerate OLX’s European strategy to grow highly profitable marketplaces using best-in-class AI tools trusted by dealers and consumers. The deal marks OLX’s entry into Western Europe, giving it a foothold and an immediate leading position in one of Europe’s largest used car markets.
Finbond Group South Africa, a wholly owned subsidiary of Finbond is to acquire a 74% stake in Benefits Bouquet from Eclipto in a transaction valued at R116,3 million. Benefits Bouquet is a provider of services and benefits to consumers, ranging from discount coupons, credit and debt assistance, legal advisory services, financial assistance to trauma and HIV support. The deal will diversify Findbond’s revenue streams and increase the profitability of its South African operations.
Norfund, the Norwegian Investment Fund for Developing Countries, has acquired a 10% equity stake in Anthem, a newly created utility-scale renewable energy platform by African Infrastructure Investment Managers’ IDEAS Managed Fund (Old Mutual). The US$86 million investment by Norfund is alongside Mahlako Energy Fund, an investment and advisory firm owned 100% by Black South African women. The partnerships will drive the platform’s success to deliver c. 11 GW pipeline under the development of Anthem.
In a voluntary announcement KAL Group has advised of its disposal of Tego Plastics and Agrimark operations for an undisclosed sum. The disposal forms part of the company’s strategy to streamline its operations and focus on other segments of the group. It will however continue to purchase agricultural packaging products from Tego. Financial details were undisclosed.
In a move to head off the closure of ArcelorMittal’s local steel businesses, South Africa’s development finance institution, the Industrial Development Corporation (IDC), is said to be preparing to make a bid for the business. In an article published by News24, the IDC’s c.R8,4 billion bid would end two years of negotiations and pave the way for the entry of other international steel companies as the IDC plans to seek strategic investors to run the plants.
The acquisition by Prosus of Just Eat Takeaway.com (JET) is unconditional with 90.13% of shares tendered or irrevocably committed by the closing of acceptances on 1 October 2025. JET will be delisted from Euronext Amsterdam.
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. Accordingly, in light of the waiver, all Standby Offer Conditions have been fulfilled or waived and the Standby Offer has become unconditional. Shareholders who still wish to accept the Standby Offer have until Wednesday, 15 October 2025 to do so. Results will be announced on 16 October 2025.
Unlisted Companies
Global leader in digital business and technology services NTT DATA has acquired EXAH a local Salesforce Consulting Partner and AI implementation specialist. The acquisition will deliver an end-to-end Salesforce and AI delivery experience to customers across the Middle East and Africa region. Financial details were undisclosed.
Cape Town-based The PURA Beverage Company which manufactures, distributes, markets and sells “better for you” beverages, has secured a R260 million investment from an undisclosed global investment firm. The capital injection will be used to scale the company’s international footprint and business. The investment will be leveraged to accelerate PURA Soda’s market penetration across major retailers predominantly in the US.
DealMakers is SA’s quarterly M&A publication.
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