Kwikspace offered R8 a share, pe firm

Absa Capital Private Equity announced a private equity buyout that values the company at about 48 million rand ($64.21 million).
The stock gained 15.25 percent to 6.80 rand late on the day, outpacing a firmer Johannesburg All-share index.
Kwikspace said late on Thursday a consortium, led by Absa Capital Private Equity and Vantage Capital, offered to buy [...]

Absa Capital Private Equity buys EnviroServ in private equity deal

This is considered to be the Largest local private to public transaction this year. A consortium led by Absa Capital Private Equity has acquired leading South African waste management group EnviroServ Holdings Limited, in a transaction valued at ZAR 1.9bn. The deal is reportedly the largest public-to- private transaction in South Africa this year.

Investment bank increases stake in South African diamond-miner

The European Islamic Investment Bank (EIIB) has boosted its stake in South African diamond-miner DiamondCorp from 9,37% to 26,7%.
The EIIB has become DiamondCorp’s largest shareholder, with the acquisition of 6,72-million shares from a number of institutions and shareholders, the JSE- and Aim-listed company said on Wednesday.
DiamondCorp CEO Paul Loudon said EIIB’s investment demonstrated the bank’s [...]

Black-owned investment firm takes control of Primedia

South Africa’s black-owned Mineworkers Investment Company (MIC) has taken control of one of the country’s biggest media firms, Primedia, in a deal worth 246 million rand ($23.98 million), MIC said on Thursday.
Primedia said in a statement MIC had raised its stake to 49 percent from 32 percent. Primedia was delisted in September 2007 after being [...]

Nedbank Capital and Medu Capital conclude a management buy-out of SARCO

Based in Gauteng, SARCO is Africa’s only producer of steel rolls and sleeves to major steel producing companies world-wide. The company has the benefit of in depth knowledge of the local market and enjoys a relatively lower cost production. SARCO has established itself as a reliable quality supplier to first-tier steel global producers.

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SA Private Equity gains confidence

South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

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