Gijima buyout to go ahead

JSE-listed South African information and communication technology (ICT) company Gijima announced on 17 February its intention to voluntarily delist from the JSE, following the implementation of the buy-out of the minority shareholders by a company controlled by its...

HP confirms Aruba Networks buyout

HP and Aruba Networks have announced a definitive agreement for HP to acquire Aruba, a provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3-billion, and...

Perimera backs Teraco management buyout

International private equity firm Permira Funds has agreed to acquire 100% of the equity in carrier-neutral data centre provider Teraco Data Environment, in partnership with management. Established in 2008 upon deregulation of the South African telecoms market, Teraco...
Telkom to buy out BCX

Telkom to buy out BCX

Telkom is to make a cash offer to buy out all of Business Connexion’s (BCX’s) shares. The value of the deal will be about R2,7-billion. As one of the largest ICT and cloud service providers on the JSE, BCX has offices in the UK and Dubai as well as in South Africa. It...

Sizwe concludes ConvergeNet buyout

Sizwe IT Group, a Level 2 B-BBEE accredited ICT services company, has announced the buyout of the company and its subsidiaries from the ConvergeNet Group with some regulatory conditions to be fulfilled. The transaction, valued at R120-million, was effective as of 1...