** For the best experience, download the free Africa Private Equity News app Android | iOS **
The Competition Commission of South Africa has recommended that the Competition Tribunal approve investment firm Harith’s proposed acquisition of low-cost airline FlySafair.
In February, Harith and its affiliates entered into a sale and purchase agreement to acquire FlySafair.
Founded in 2006, Harith is a Johannesburg-based pan-African investment firm with over $3 billion in assets under management. It focuses on sectors including energy, digital connectivity, transportation, and logistics.
The transaction follows a shareholder exit process at FlySafair that has been under consideration for several years.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Access the latest Dealmaker’s Log here
