Exchange-Listed Companies
South African food manufacturer RCL Foods, has entered into an agreement with Simrose Overseas and Simrose Investments to acquire Martin and Martin which sells a variety of pet food products under well known brands such as Husky, Pamper, Beeno and Bob Martin. The deal gives RCL Foods entry into the pet food category, accelerating its presence in high-growth segments in which it currently has limited exposure. The acquisition consideration was determined as an enterprise value of R695 million.
Sirius Real Estate has acquired a business park in Kiel, Germany for €93,4 million. The purchase of the defence-anchored business park reflects an EPRA Net Initial Yield of 8.2%; it is 98.5% occupied and generates €7,78 million in annual rental income with a weighted average lease expiry of 4 years.
Reinet Investments has completed the disposal of its entire shareholding in Pension Insurance Corporation Group to Athora UK Holding for £2,9 billion, creating one of the largest savings and retirement services groups in Europe.
Unlisted Companies
Healthbridge a provider of cloud-based medical billing software and clinical practice management solutions in South Africa, has acquired AI medical scribe Nora. Nora is a smart, AI-powered tool that converts doctor–patient conversations into structured clinical notes, helping clinicians save time on paperwork while improving the quality and consistency of patient records. Healthbridge took an initial stake during Nora’s early start-up phase providing infrastructure, a clinical environment and an established user base to test the product at scale. The transaction’s financial details were not disclosed.
The integrated marketing and communications agency Ascent Africa has acquired a stake in Clarence AI. Clarence AI is an Africa-built narrative intelligence platform designed to help organisations monitor public narrative, analyse sentiment and manage digital engagement in real time. The move is designed to integrate advanced technology and intelligence into the agency’s modern communication and reputation management services. It will operate as a technology subsidiary within the Ascent Africa ecosystem as the agency continues to expand its integrated offering across Africa. Financial details were undisclosed.
DHL’s subsidiary DHL Supply Chain has expanded its transport, distribution and warehousing logistics services with the acquisition of the businesses Vital Distribution Solutions, Staffing Logistics and Vital Fleet. Vital Distribution provides transport, distribution, and warehousing logistics services by road across various sectors, including the fast-moving consumer goods, industrial, manufacturing, and retail markets. The Staffing Logistics business provides temporary employment services to the transport, retail, hospitality, and cleaning sectors while Vital Fleet provides fleet rental and management services.
Metals One has exercised its right to secure a 30% equity stake in Lions Bay Resources (LBR) via the conversion of US$1.8 million of convertible loan notes into direct equity. LBR recently completed the acquisition of a cogeneration plant located in the Karbochem Industrial Park in Newcastle as part of its wider strategy to create a vertically integrated South African gold business.
In February 2026 Lithium Africa Corp announced the acquisition of a large lithium project in SA, including a past-producing spodumene mine, a related ore stockpile and land hosting a known field of mapped LCT Pegmatites. The company has completed the first phase of the acquisition of Namli Exploration & Mining with the acquisition of a 30% stake and is now proceeding with the second phase of the transaction.
DealMakers is SA’s quarterly M&A publication.
www.dealmakerssouthafrica.com
