South Africa: Ata Capital exits Novare Holdings
South Africa’s Ata Capital has announced the sale of its 26% stake in Novare Holdings to the company’s management team.
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South Africa’s Ata Capital has announced the sale of its 26% stake in Novare Holdings to the company’s management team. The transaction remains subject to regulatory approval.
Novare offers investment services to institutional investors and family offices, including real estate and impact funds, multi-managed portfolios and investment consulting.
“We believe services businesses thrive under owner-management,” says Lelo Rantloane, CEO of Ata Capital. “Novare’s team has shown remarkable resilience through a turbulent economic cycle, rationalising the business, building a solid platform for growth, and positioning the company for long-term success. We’re proud to have been part of their story.”
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