Listed Companies
Capitec Bank has entered into an agreement with Sasfin Capital to dispose of Capitec Rental Finance (CRF), a business it acquired in 2019 as part of its acquisition of Mercantile Bank. CRF provides asset financing solutions for businesses across various industries. The disposal consideration is R201 million. Concurrent with the disposal, Capitec Bank will provide a secured credit facility of R1,6 billion to CRF to fund the ongoing rental receivables book.
Accelerate Property Fund has reached an agreement with CFAO Mobility Properties to dispose of the BMW Fourways motor dealership and the land on which the dealership is built in a transaction valued at R220 million. The proceeds will be applied to the reduction of debt.
Numeral has made an undisclosed strategic investment into WestMed, a healthcare platform based in the Western Cape. WestMed operates primary healthcare clinics, specialist medical practices, aesthetic medicine, advanced surgical services and regenerative medicine capabilities. The company also announced the exit of its investments in Longevity and Isopharm due to the inability to secure timely operational and financial information from the founder for purposes of consolidation.
Warsaw-headquartered Globe Trade Centre has, via its 70%-held subsidiary Euro Structor, entered into an agreement to dispose of Avenue Mall, a shopping and office centre located in the Novi Zagreb district in Croatia for a purchase consideration of c.€98 million.
Mantengu, which is currently subject to exclusivity arrangements in favour of Afresources Mining, has received an unsolicited conditional offer to acquire the entire issued share capital of Blue Ridge for an aggregate cash purchase consideration greater than the Afresources’ offer of R50 million.
Hammerson has divested of non-core assets to the value of £75 million during 2026. The proceeds will be allocated to balance sheet strengthening and recycling into existing assets and new opportunities at attractive yields. To this point the company recently completed the acquisition of the remaining 50% interest in the Dublin ILAC Centre.
The disposal announced in May 2026 by MAS plc of six Romanian open-air malls to AFI Europe was completed on 8 July 2026. The category 2 transaction was valued at €197,7 million (R3,78 billion).
Unlisted Companies
Abu Dhabi National Oil Company (ADNOC) is to acquire the South African downstream business from Shell. The deal includes 580 fuel stations and Shell South Africa’s wholesale, aviation and lubricant businesses. The transaction has an implied enterprise value of US$1 billion. As part of the transaction, ADNOC will sell a 28% stake in the local business to a BEE party.
HyperDev, a South African AI coding platform has raised US$1 million in pre-seed funding from venture capital investors in Europe and the UK. The funding will support the continued development of its AI coding platform which is designed to assist developers and non-technical users to build software more efficiently. Launched earlier this year, HyperDev platform already has some 100,000 users.
DealMakers is SA’s quarterly M&A publication.
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