Actis has sold a 9% stake, in an oversubscribed offer through the Johannesburg Stock Exchange (JSE), representing a large part of its 13% total stake.
Mercer Africa Limited (Mercer), a subsidiary of Marsh & McLennan Companies, has agreed to acquire 34% of Alexander Forbes, as part of the exit deal, an investment that would give Mercer an opportunity to broaden its exposure in sub-Saharan African markets.
Mercer is initially acquiring a 14.9% stake, at the time of the Alexander Forbes listing, and subject to regulatory approvals, will acquire a further 19.1% stake; leading to a full exit for Actis and other private equity consortium members who collectively hold 54% of the group pre-listing.
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