Proposed Vuna Partners deal gets green light

South Africa’s Competition Commission has unconditionally approved the proposed merger whereby Vuna Partners Fund I intends to acquire Sligo.

Vuna Partners is a South African based private equity firm which was established in 2020. Sligo is a special acquisition vehicle formed specifically for the purposes of this transaction. At the time of the acquisition, Sligo will hold 100% of the issued share capital of SA Steel Solutions (SASS).

SASS supplies a wide array of cans, pails and aerosol cans into the paints, lubricants, and chemicals industries. SASS’ products are a form of industrial packaging made from tin plate imported from China.

The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public interest concerns.

Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.