To view the PDF file, sign up for a MySharenet subscription.

SABVEST CAPITAL LIMITED - Sabcap acquires an interest in Halewood South Africa

Release Date: 30/06/2022 15:30
Code(s): SBP     PDF:  
Wrap Text
Sabcap acquires an interest in Halewood South Africa

SABVEST CAPITAL LIMITED
Incorporated in the Republic of South Africa
Registration number 2020/030059/06
ISIN: ZAE000283511
JSE share code: SBP
(“Sabcap”)

Sabcap acquires an interest in Halewood South Africa

Shareholders are advised that Sabcap has acquired a look through interest of 18,95% in Halewood
International South Africa (Pty) Limited (Halewood South Africa) as a member of a consortium that has
acquired 100% of Halewood South Africa from Halewood International Holdings PLC (UK).

Halewood South Africa was established in 1999. It is a manufacturer of a wide range of premium award-
winning alcoholic, non-alcoholic and RTD (Ready-To-Drink) beverages including brands such as Belgravia,
Red Square, Caribbean Twist and Buffelsfontein. It is also an importer and distributor of finished goods
brands from the UK, France, Italy and Mexico.

Sabcap’s look through interest in Halewood South Africa derives from its new direct 41,03% interest in
Masimong Beverage Holdings (Pty) Limited (MBH) which owns 46,19% of an SPV (SPV) which has
acquired 100% of Halewood South Africa. Co-shareholders with Sabcap in MBH are Masimong Group
Holdings (Pty) Limited controlled by Mr Mike Teke, and RMB Family Office Group Solutions. Co-
shareholders with MBH in SPV are RMB Corvest and Halewood South Africa management.

Sabcap’s investment commitments in MBH comprise shares, loans and guarantees of R170m.

Sandton
30 June 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30-06-2022 03:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story