Listed Companies

NEPI Rockcastle is to acquire MegaPark Barakaldo, an c.81,000m² shopping destination located in Bilbao, Spain from Le Retail Hiper Ondara for a gross purchase consideration of €254 million. The acquisition will be funded from available cash resources and existing undrawn credit facilities.

Jubilee Metals has received two binding offers for the sale of its Zambian Large Waste Project at a substantial premium to its original acquisition price. Jubilee originally acquired the asset for c.US$18 million. To clear the outstanding $5 million (£3,8 million) owed to the original seller, Jubilee will issue 150,5 million new ordinary shares at 2.5 pence per share. The company plans to select a preferred bidder within the next two weeks. Funds received will be use towards accelerating its copper growth strategy in existing, lower-risk operations.

In the release of its interim results to end June 30, 2026, Resilient REIT advised shareholders that it had signed agreements to acquire the remaining 50% of Mams Mall and The Village Klerksdorp for undisclosed sums.

Unlisted Companies

Zazi Capital has acquired the 20.82% stake in UsPlus held by Baleine Capital. The transaction was settled in cash and implies and equity value of c.R166 million for UsPlus. A developmental finance organisation, UsPlus specialises in the provision of flexible working capital solutions for SME partners throughout South Africa.

Local AI business intelligence platform Tennsa, has closed a raise of c.R1 million from Oakvale Invest. Cape-based Tennsa builds AI software aimed at small and medium-sized businesses. Tennsa OS is an operational intelligence layer that connects to the systems a business already runs, monitoring for issues needing attention and providing information to assist owners make faster operating decisions.

DealMakers is SA’s quarterly M&A publication.
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