South African private equity firm Harith General Partners agreed to buy a 46% stake in larger rival Mergence Investment Managers.
“This is why we did this deal, to grow Mergence as a financial services business, with a bias towards infrastructure assets.” The deal will help Mergence invest in sectors such as clean energy, water and digital and social infrastructure, said Makhubela, while expanding Mergence’s financial services business to other African countries.
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