Listed Companies

Datatec subsidiary Logicalis USA has acquired Loial, a New Mexico-based technology solutions provider for an undisclosed sum. The acquisition was effective on 31 July 2026.

Stor-Age has announced the acquisition of a portfolio of 10 self-storage properties from Xtraspace Properties for R387 million. The proposed transaction is expected to be earnings accretive on a per-share basis. The company simultaneously concluded a management agreement to manage a further six Xtraspace self-storage properties.

At an extraordinary general meeting this week IHS shareholders approved MTN’s US$2,2 billion acquisition of the remaining 75.3% stake in IHS. The deal was announced in February 2026. This fulfils one of the conditions precedent to the transaction.

Unlisted Companies

The Legends Agency, headquartered in Cape Town, has secured £1 million in investment from Effer Ventures, an operationally focused growth investor, backing UK-based services businesses with a particular focus on staffing and recruitment. The Legends Agency, which was founded in 2020, is an independent offshoring and Employer of Record provider specialising in South African talent. The funding will support the company’s next phase of expansion.

SA-H2, a blended finance private equity fund managed by Climate Fund Managers, has reached its first close at R3 billion. The fund invests in large-scale energy transition projects across the green hydrogen value chain, including green hydrogen production, downstream derivatives such as green ammonia and green methanol and the decarbonisation of hard-to-abate industries. Commitments were secured from fund anchors Invest International and the European Commission via its Global Gateway strategy as well as from the Industrial Development Corporation of South Africa (IDC), the Public Investment Corporation (PIC) and Sanlam Life.

Pan-African fintech company Moment has closed a US$22 million Series A round led by AlphaCode Venture Partners with continued investment from MultiChoice, General Catalyst and fresh investment from Canal+. Moment was established in 2022 as a joint venture between MultiChoice and Rapyd, a digital payment processing and fintech services company. The funding will be used for expansion across the continent, to deepen its network and enhance its platform.

Kleoss Capital has made an investment into IMT – Integrated Mining Technologies alongside IMT management, the Gert Roselt Family Trust, AWCA Investment Holdings and Ditiro Capital.

Epiroc, a Swedish manufacturer of mining and infrastructure equipment, is to acquire Eventspec, a South African mining aftermarket solutions provider. Eventspec manufactures parts for drill rigs, mine trucks and loaders and provides related rebuilds, repairs and services. Financial details were undisclosed.

DealMakers is SA’s quarterly M&A publication.
www.dealmakerssouthafrica.com