M&A Deal Summary

Sanlam Acquires Capital Properties

On March 1, 2013, Sanlam acquired real estate company Capital Properties from Actis Capital

Acquisition Highlights
  • This is Sanlam’s 1st transaction in the Real Estate sector.
  • This is Sanlam’s 1st transaction in Tanzania.

M&A Deal Summary

Date 2013-03-01
Target Capital Properties
Sector Real Estate
Buyer(s) Sanlam
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Capital Properties

Dar es Salaam, Tanzania
Capital Properties comprises three office blocks on a single prime site in Dar es Salaam.

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Buyer(S) 1

Buyer

Sanlam

Bellville, South Africa

Category Company
Founded 1918
Sector Insurance
Employees22,320
Revenue 198.7B ZAR (2023)
DESCRIPTION

Sanlam is a life insurance company in South Africa but has since transformed into a diversified financial services group operating across Africa, India, and selected other emerging and developed markets, with listings on the Johannesburg, A2X, and Namibian stock exchanges. Sanlam was founded in 1918 and is based in Bellville, South Africa.


DEAL STATS #
Overall 2 of 4
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Tanzania M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Merchant Securities Group

London, United Kingdom

Merchant Securities Group plc offer a financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Saham Finances S.A.

Casablanca, Morocco

SAHAM Finances is an insurance group with operations in 26 countries across North, West and East Africa, and the Middle East. It predominantly writes personal lines general insurance business (exceeding 80% of its portfolio), but is in the process of diversifying this. SAHAM Finances has approximately 61 subsidiaries, a network of 700 branches and a staff complement of more than 3,000 people. SAHAM Finances has a leading market share in many of the markets in which it operates.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 36 of 84
Sector: Real Estate M&A 1 of 3
Type: Add-on Acquisition M&A Deals 17 of 42
Country: Tanzania M&A 1 of 1
Year: 2013 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-26 XP Investimentos

Sao Paulo, Brazil

XP Investimentos is an independent full-service broker-dealer serving retail and institutional clients throughout Latin America. XP Investimentos was founded in 2001 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 Avtec

New Delhi, India

Avtec Ltd. is an independent manufacturer of engines and transmissions (Powertrains), supplying critical auto components to reputed global OEMs including GM, Ford, Mahindra & Mahindra, Caterpillar, BEML and Hindustan Motors.

Sell -