Tag: PIC
PIC to exit $272m stake to two families at 4.5x
The Public Investment Corporation (PIC) is set to receive approximately $272.7 million for the exit of its stake in South Africa-based industrials company Barloworld,...
LP sells stake after legal wrangle
An LP has finally exited its stake in a South Africa-based healthcare services provider, following a dispute involving minority shareholders. The LP had taken...
LP buys stake in Africa GP to boost $1.5bn plans
A limited partner (LP) has acquired a stake in an Africa-focused financial services company – a fund manager specialising in infrastructure across the continent....
PIC buys stake in consumer deal
Public Investment Corporation (PIC) has increased its stake in Clicks Group, a South Africa-based consumer goods distribution company.
PIC is investing an undisclosed amount in...
Norsad hires ex LP lead for CEO Â
Norsad Capital has selected Vusi Raseroka as its new chief executive officer (CEO), bringing him in from Public Investment Corporation (PIC). He was leading...
SA player buys African airport
A South African player has signed a deal to back an investment into a logistics infrastructure company, also based in South Africa, that operates...