Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Benchmark International (South Africa) Closes 9 Deals in 9 WeeksThe volume of transactions concluded by Benchmark's South African office confirms the positive trend identified in the recently published Intralinks Deal Flow Predictor, which relies on early-stage transaction forecasts compiled from data on M&A due diligence activity in virtual data rooms. The predictive models for the second half of 2019 suggested an increase in the number of deals to be announced in the order of 5% for the EMEA region. Benchmark International— The investment by way of share subscription in Shift South (Pty) Ltd, trading as SweepSouth, by MIH Holdings, trading as Naspers Foundry The sale of a majority interest in Counterpoint Trading 439 (Pty) Ltd to Shave and Gibson Packaging (Pty) Ltd The merger of two undisclosed prominent e-commerce companies The disposal of Groupline Projects (Pty) Ltd by Wonderstone Ltd who are in turn owned by the JSE listed group Assore Ltd to Mokoena Holdings (Pty) Ltd The sale of Muffin Mate Coastal (Pty) Ltd to Ekuzeni Supplies (Pty) Ltd The sale of Jordan Human Resources to Vinton Holdings (Pty) Ltd The sale of an undisclosed mining equipment manufacturer to an undisclosed Canadian equipment supplier The acquisition of Ciba Packaging (Pty) Ltd's non-core flexible food assets by Lampac CC, trading as Packaging World The sale of Nology (Pty) Ltd and Nology Distribution (Pty) Ltd to a multinational technology holding company Commenting on the transactions, Andre Bresler, Managing Partner at Benchmark International's South African office, remarked, "The range of transactions is a testament to the maturing M&A landscape in South Africa as well as the depth of the Benchmark team as these nine deals represent a very broad spectrum of M&A activity—from a capital raise to a merger and both partial and full disposals. There are private equity and trade-buyer deals, cross-border and domestic transactions, an acquisition, and even the disposal of a non-core asset of a listed entity. It's certainly an exciting time for M&A in South Africa with no significant slow-down expected; we anticipate a number of additional transactions to finalize in the last quarter too." Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring. Africa: Anthony McCardle at +2721 300 2055/ McCardle@BenchmarkCorporate.com Website: http://www.benchmarkcorporate.com End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|