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Old Mutual Insure Limited And ONE Financial Services Holdings (Pty) Ltd
The Tribunal has unconditionally approved the merger whereby Old Mutual Insure Ltd (“OMI”) intends to acquire sole control over ONE Financial Services Holdings (Pty) Ltd (“ONE”).
OMI is a licensed non-life or short-term insurer providing non-life insurance services to personal, commercial and corporate clients. The ONE Group provides a wide range of niche and traditional insurance solutions and services across most classes of business.
KAP Industrial Holdings Ltd And DriveRisk Holdings (Pty) Ltd
The Tribunal has unconditionally approved the merger whereby KAP Industrial Holdings Ltd (“KAP”) intends to acquire DriveRisk Holdings (Pty) Ltd (“DriveRisk Holdings”).
The KAP Group comprises industrial, chemical and logistics businesses. DriveRisk provides value added vehicle telematics solutions with the aim of improving road safety and mitigating safety risks to fleets and other commercial vehicles.
Standard Bank Group Limited And Liberty Holdings Limited
The Tribunal has unconditionally approved the merger between Standard Bank Group Limited (“SBG”) and Liberty Holdings Limited (“Liberty”).
SBG provides a diverse range of retail and commercial banking and other financial services. Liberty is also a listed financial services company, offering asset and property management, investment, insurance and health products.
SPE Mid-Market Fund I Partnership (Represented by the General Partner, SPE Mid-Market Fund I General Partner (Pty) Ltd) And Q Link Holdings (Pty) Ltd
The Tribunal has unconditionally approved the merger between SPE Mid-Market Fund I Partnership (“SPE Fund”) (represented by the general partner, SPE Mid-Market Fund I General Partner Pty Ltd) (“SPE Fund General Partner”) and Q Link Holdings (Pty) Ltd (‘’Q Link’’).
The acquiring group is a financial services group in South Africa. Q Link is a financial technology business that provides payment collection solutions to improve collection rates for third-party benefit providers.
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