Ata Capital , the Johannesburg-based private equity firm founded and led by South African financier Lelo Rantloane, has exited its stake in Novare Holdings in a management buyout transaction that returns the diversified investment group to full owner-management control.
The sale , executed through Ata Fund II, transfers Atas 26 percent stake to Novares executive leadership team for an undisclosed sum. The deal, subject to regulatory approvals, will be executed through Ata Fund II, reflecting the firms focus on mid-market and empowerment-driven investments.
Stepping back from the transformation cycle