Sanari Capital exits to Broll Property Group
Sanari has sold its stake in market intelligence and geospatial analytics firm Fernridge Solutions.
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Sanari Capital has sold its stake in Johannesburg-based market intelligence and geospatial analytics firm Fernridge Solutions to Broll Property Group. The deal hands control to a buyer whose pan-African real estate and technology expertise positions it to drive the company’s next phase of growth.
Moushmi Patel, a director at Sanari Capital who led the deal, said the partnership with Broll marks a natural progression in Fernridge’s evolution.
“I am confident that this new partnership will cement Fernridge’s position as a leader in the fast-moving world of data services and market intelligence in Africa,” Patel said. “The targeted support and access to market that the relationship with Broll will unlock will enable the management team to continue to deliver on their mission and fulfil their expected long-term growth trajectory.”
“Africa is full of opportunity, but to unlock it, we need better insights, more technology, and smarter data,” said Malcolm Horne, group CEO of Broll Property Group. “As part of our ongoing commitment to build a locally driven yet internationally competitive property sector, we are investing in this area of our business. This will enable both investors and occupiers across the continent to make informed decisions and anticipate trends.”
Samantha Pokroy, Sanari founder and CEO, said the exit was bitter-sweet for Sanari. “Fernridge was Sanari’s first investment and therefore a meaningful milestone in our journey. The success of the partnership and the potential implicit in this exit talk to our belief in the power of private equity to transform growth companies in Africa. We wish Fernridge well in their next stage of growth and expect to see them scaling new heights with the support of Broll.”
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