Largest 2023 South Africa M&A Transactions

BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa.

ENGIE
Company
Utilities
Courbevoie, France
www.engie.com

Actis Capital
Investor
Private Equity Firm
London, United Kingdom
www.act.is

CMC Networks is a Pan-African provider of managed connectivity solutions for global telecoms providers. CMC has a network and office footprint spanning 50 countries in Africa, as well as an extensive Middle Eastern network and key connection points across the globe. Their propriety network allow global telecom companies to provide reliable and high-quality enterprise connectivity to corporate clients across Africa and the Middle East. CMC Networks was founded in 1989 and is based in Sandton, South Africa.

Center3
Company
Communications
Riyadh, Saudi Arabia
www.center3.com

The Carlyle Group
Investor
Private Equity Firm
Washington, District of Columbia
www.carlyle.com

Tessara is a manufacturer of sulfur dioxide sheets, which are used to preserve fresh produce during export. Its flagship product is Uvasys, a SO2-based sheet, primarily used to protect table grapes against Botrytis infection, which is responsible for almost 50% of all post-harvest agricultural loss. Uvasys also enhances transportation, export and storage of grapes. Tessara was founded in 1985 and is based in Cape Town, South Africa.

AgroFresh
Company
Chemicals
Philadelphia, Pennsylvania
www.agrofresh.com
Advisors: Morrison & Foerster , Bowmans

The Carlyle Group
Investor
Private Equity Firm
Washington, District of Columbia
www.carlyle.com
Advisor: Rabobank Securities

Efficient Group is a diversified financial services group focused on providing professional advice, quality solutions and tailor-made investment products across the full financial services value chain, including asset administration services, asset management services, financial products distribution and professional financial advice to both retail and institutional investors in South Africa. Efficient Group is based in Pretoria, South Africa.

Apex Group
Company
Financial Services
Hamilton, Bermuda
www.apexgroup.com

Apis Partners
Investor
Growth Capital Firm
London, United Kingdom
www.apis.pe

Hubble Studios is an eLearning company develop custom online education content and technology that will maximize learning impact and serve the missions of our partner institutions, foundations and clients. Hubble Studios was founded in 2012 and is based in Cape Town, South Africa.

Noodle Education, Inc.
Company
Education
New York, New York
www.noodle.com

OneSpark is a new-age insurance company that is embedding advanced technology, creating an insurance experience that is smart, quick & affordable. OneSpark was founded in 2020 and is based in Sandton, South Africa.

Global Capital
Investor
Merchant Bank
Johannesburg, South Africa
www.glocapital.com

CPS Chemicals distributes raw materials to petroleum, additive, grease manufacturing, and other industry-related segments. It represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support. CPS Chemicals was formed in 1993 and is based in Durban, South Africa.

IMCD
Company
Chemicals
Rotterdam, Netherlands
www.imcdgroup.com

Blue Cube is a technology company specializing in innovative process control solutions for the mining and mineral processing industry. Blue Cube Systems has consistently been at the forefront of developing advanced measurement, control and artificial intelligence technologies that enhance productivity, optimize operations, and improve overall efficiency in mineral processing plants. Blue Cube was founded in 2001 and is based in Stellenbosch, South Africa.

Draslovka
Company
Chemicals
Kolín, Czech Republic
www.draslovka.cz

Khwezi is a licensed ODP (Over-the-Counter Derivative Provider) that enables financial service providers to legally offer over-the-counter derivatives, such as contracts for difference (CFDs). Khwezi is based in Cape Town, South Africa.

ATFX
Company
Internet Software and Services
London, United Kingdom
www.atfx.com

GreatSoft is a provider of fully integrated practice management solutions to accountancy firms. The Company has experience in document management and profit improvement systems. GreatSoft was formed in 1990 and is based in Cape Town, South Africa.

Vela Software
Company
Software
Toronto, Ontario
www.velasoftwaregroup.com

Enth Degree Consulting provides best-fit network connectivity solutions, offering clients options tailored to their needs and at the best possible price. Network offerings include Terrestrial links, IP Transit, Fibre, Wireless, and VSAT. Enth Degree Consulting is based in Cape Town, South Africa.

Q Link
Company
Internet Software and Services
Pretoria, South Africa
www.qlink.co.za

Morgan Cargo offers logistic solutions to a wide variety of internationally based clients. Morgan Cargo is a wholesaler of cargo space, products and services to agents and exporters/importers alike. Morgan Cargo was founded in 1993 and is based in Johannesburg, South Africa.

Kuehne + Nagel
Company
Transportation
Schindellegi, Switzerland
www.kuehne-nagel.com

Enfin is a rooftop solar financing company. Focused on commercial and industrial clients, Enfin is committed to providing sustainable, reliable, and cost-effective energy solutions. By owning, building, and operating solar assets, Enfin aims to address the growing energy crisis in South Africa while contributing to a greener future. Enfin is based in Bloemfontein, South Africa.

Adenia Partners
Investor
Private Equity Firm
St Pierre, Mauritius
www.adenia.com

Premier is a fast-moving consumer goods (FMCG) manufacturer offering branded and private label solutions. Its strong heritage brands include Snowflake (wheat flour), Iwisa No 1, SuperSun and Nyala (maize meal), Blue Ribbon (bread), Lil-lets (feminine hygiene), Manhattan and Super C (sugar confectionery), and the Companhia Industrial da Matola S.A. food portfolio (Top Score, Polana, Florbela and Favorita) in Mozambique. Premier was formed in 1820 and is based in Waterfall, South Africa.

Brait
Investor
Private Equity Firm
San Gwann, Malta
www.brait.com