Listed Companies
Standard Bank, through its Stanbic Africa subsidiary, is to invest in OPay, a Nigerian mobile money company which is preparing to list its shares on the NYSE. OPay, headquartered in Singapore, operates in Nigeria, Egypt, Pakistan and Indonesia. According to Bloomberg, the size of the investment is c.$185 million, with the stake capped at 4.99% of OPay after the listing, with shares held for at least 12 months.
In an acquisition valued at £19,4 million, Bytes Technology has strengthened its capabilities across the cyber security lifecycle. The acquisition of CyberOne, which headquartered in London, was established in 2005 and is expected to continue double-digit growth reaching c. £5,2 billion by 2029. The purchase price was funded by the company’s cash resources.
ASP Isotopes, through its subsidiary Quantum Leap Energy, has signed a binding Heads of Agreement with the South African Nuclear Energy Corporation to develop, finance, construct, and operate a High-Assay Low-Enriched Uranium (HALEU) production facility at the Pelindaba site in SA.
Sanlam has announced a correction to the firm intention announcement issued on 5 October 2026. The company revised its effective shareholding in Santam to 61.9% down from the previously stated 62.7% – this after excluding Santam shares held by entities within the Sanlam Group on behalf of third parties. The all-cash offer of R505 per share to acquire the remaining minority stake remains unchanged with a further R472,47 million added to the R20,7bn transaction tag.
ADvTECH has acquired St George’s School property in Gqeberha from Curro in an undisclosed value transaction. The school will establish The Bridge School’s first Eastern Cape campus.
Unlisted Companies
Inospace, a South African owner and operator of serviced logistics parks, micro-warehouses, flexible workspaces, and self-storage solutions, has acquired a Midrand property out of business rescue. The N1-facing property, which is almost fully let, is in line with the company’s expansion drive. Inospace operates c.52 logistics and storage parks in Johannesburg and Cape Town. The purchase price was undisclosed.
B2B digital lending infrastructure company Kuunda has completed a US$5 million secondary share sale. The company builds dynamic, embedded financing solutions that create sustainable economic productivity by providing agent networks, small businesses, and consumers with access to liquidity products and services. The investment was led by E4E Africa which increased its stake as did other existing investors Accion Ventures, Portugal Gateway Fund and Seedstars Africa Ventures.
Merchantec Capital, a South African advisory firm, has been acquired by NYSE-listed Andersen, as the group expands its investment footprint into the country. The deal is one of three recent acquisition – joining corporate advisory law firm Andersen and corporate finance firm Andersen based in Italy and the Netherlands respectively. Financial details of the acquisition were not disclosed.
DealMakers is SA’s quarterly M&A publication.
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