Case No: LM157Dec22
Merger Alert
Date of release: 23 February 2023
OUTCOME OF MERGERS DECIDED BY THE TRIBUNAL
Type of matter Large merger
Starsight Energy Africa Holding (Ltd) and SolarAfrica
Energy (Pty) Ltd
Approved with conditions
Parties involved Large merger
IDEAS Infrastructure I GP (Pty) Ltd and SolarAfrica Energy
(Pty) Ltd
Approved with conditions
Tribunal decision Large merger
Unico Property Partners (Pty) Ltd and Khumonetix (Pty) Ltd
in respect of six industrial properties
Approved without conditions
Starsight Energy Africa Holding (Ltd) and SolarAfrica Energy (Pty) Ltd
The Tribunal has conditionally approved the merger wherein Starsight Energy Africa
Holding Ltd (“Starsight Energy”) intends to acquire SolarAfrica Energy (Pty) Ltd
(“SolarAfrica Energy”) from SolarAfrica (Africa) Ltd (“SolarAfrica (Africa”)).
The acquiring group supplies energy infrastructure, in particular, solar photovoltaic
(solar PV). The target group supplies renewable energy solutions, including solar PV,
to commercial and industrial sectors.
A full press release will be issued in due course.
IDEAS Infrastructure I GP (Pty) Ltd and SolarAfrica Energy (Pty) Ltd
The Tribunal has conditionally approved the merger wherein IDEAS Infrastructure I
GP (Pty) Ltd (“IDEAS”) intends to acquire shares in SolarAfrica Energy (Pty) Ltd
(“SolarAfrica Energy”).
The primary acquiring firm is IDEAS, a domestic private infrastructure fund. The
acquiring group is active in supplying energy infrastructure, in particular, solar PV,
while the target group supplies solar PV to the commercial and industrial sectors.
A full press release will be issued in due course.
Unico Property Partners (Pty) Ltd and Khumonetix (Pty) Ltd in respect of six
industrial properties
The Tribunal has unconditionally approved the large merger wherein Unico Property
Partners (Pty) Ltd (“Unico Property Partners”) intends to acquire six industrial
properties from Khumonetix (Pty) Ltd (“Khumonetix”). Unico Property Partners is a
newly established property investment company for the purposes of the proposed
transaction. The six light industrial properties are all located in Gauteng.
Issued by:
Gillian de Gouveia, Communications Officer
On behalf of the Competition Tribunal of South Africa
Tel: +27 (0) 12 394 1383
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
Date: 2023.02.22