Van Straaten Family Trust has acquired Verimark Holdings Limited
The Van Straaten Family Trust has acquired Verimark Holdings Limited from minority shareholders for US$3.3 million.
Verimark operates in the consumer and retail sector. Its product range covers housewares, fitness, DIY (including security), automotive, beauty and educational toys. The company was created in 1977, has around 1,200 employees and is listed on the Johannesburg Stock Exchange.
Oaklins' team in South Africa advised on the valuation and structuring of the share buy-back and subsequent regulatory process to obtain shareholder's approval and subsequent delisting of the company.
Talk to the deal team
Annerie Britz
Oaklins African Bank
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