M&A Roundup: Sibanye-Stillwater, MTN and Airtel Africa making waves

Also: Helios Investment Partners plans to raise funding and Seacom to add eight new points of presence in Africa.

Sibanye-Stillwater and Lonmin shareholders voted resoundingly in favour of a merger between the two mining companies, which will create a platinum giant. 

In a recent interview, we asked Sibanye-Stillwater CFO Charl Keyter (pictured) how Lonmin fits into the Sibanye-Stillwater strategy?

He said: 

“When we started out with our strategy, we had four steps in the PGM strategy: to acquire Aquarius Platinum, Rustenburg assets from Anglo American, Stillwater [the US palladium and platinum miner that Sibanye bought for R30 billion in 2016] and then Lonmin. The latter company will take us to a mine and market company. Currently, we don’t market and sell our own metals. We produce a concentrate that goes to Anglo and they then refine the metal and sell it. With the Lonmin, we will be able to produce and market metals.”

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Helios Investment Partners plans to raise a fund of about $1.25 billion to invest across the continent. The company is in talks with asset managers and development agencies about what would be its largest private equity fund for African investments.

Read more: Helios Investment Partners plans Africa fund

South Africa-headquartered MTN will raise R1.2 billion through the sale of its interests in investment fund Amadeus to private equity firm HarbourVest. The sale will also include the sale of its shareholding in online travel booking website TravelStart

Read more: MTN to sell stake in Amadeus fund and TravelStart raising R12 billion

Seacom says it will add eight new points of presence (PoPs) across Africa to enable more African businesses to connect to cloud facilities worldwide, as well as to the continent’s first Microsoft Azure data centres in South Africa’s Johannesburg and Cape Town.

Read more: Seacom unveils Africa expansion plan

Crossfin Technology and Apis Growth Fund I have acquired card payment solutions firm Sureswipe for an undisclosed amount. The companies have also agreed to form Crossfin Transactional Solutions, a payments and merchant acquiring solutions platform. 

Read more: Crossfin led consortium in sureswipe acquisition

Airtel Africa has sought approval for an initial public offering (IPO) and listing on the main market of the London Stock Exchange. The company is also said to be considering a listing on the Nigerian Stock Exchange,

Read more: Airtel Africa seeks IPO in London and Nigeria