Ninety One will issue 13.68 million shares to acquire Sanlam Investments UK, boosting its assets under management by 22.1 billion and expanding its global footprint.
The transaction marks a critical milestone in the broader partnership between Sanlam and Ninety One to consolidate active asset management across global markets.
Patrice Motsepe-backed Sanlam strengthens its asset management scale through this deal, aligning with Ninety One to optimize distribution and client outcomes globally.
Ninety One plc, the London-listed independent asset manager with secondary listing on the Johannesburg Stock Exchange JSE, is finalizing the acquisition of Sanlam Investments UK Limiteds active asset management business on June 16, 2025, as it anticipates immediate earnings and dividend accretion.
The share-based transaction marks a key milestone in the broader strategic partnership between Ninety One and Sanlam, Africas largest insurer, which counts South African billionaire Patrice Motsepe, as its deputy chair, and among its shareholders
Ninety One to issue 13.68 million shares in Sanlam UK dealNinety One plc will issue 13,675,595 ordinary shares to Sanlam on June 16 as part of a share-based transaction that transfers Sanlams UK asset management business to Ninety One UK Limited. The deal, announced in November 2024 , is part of a broader alliance between the two firms to consolidate active asset management operations across key markets.
The transaction adds R400 billion 22.1 billion to Ninety Ones assets under management and strengthens its role within Sanlams global investment strategy. The new shares will represent a 12.3 percent stake in Ninety Ones UK business. Applications have been filed for dual listing on the London and Johannesburg stock exchanges, with trading expected to begin on June 17.
The partnership aims to combine Ninety Ones investment expertise with Sanlams distribution network to improve operational scale and client outcomes.