{"id":57104,"date":"2025-07-27T18:01:00","date_gmt":"2025-07-27T16:01:00","guid":{"rendered":"https:\/\/editing.capitalmind.com\/?post_type=deals&#038;p=57104"},"modified":"2026-03-18T09:47:26","modified_gmt":"2026-03-18T08:47:26","slug":"sale-of-ibex-stake-in-pepkor","status":"publish","type":"deals","link":"https:\/\/www.investec.com\/advisory\/deals\/sale-of-ibex-stake-in-pepkor\/","title":{"rendered":"Sale of Ibex Toco B.V.&#8217;s stake in Pepkor"},"content":{"rendered":"\n<p><strong>Investec has advised Ibex Topco B.V. through the full unwind of its stake in Pepkor Holdings Limited<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About the deal<\/h2>\n\n\n\n<p>Investec assisted Ibex Topco B.V. (Ibex) in exiting its 28% stake in Africa\u2019s largest clothing retailer Pepkor Holdings (Pepkor), raising R26.6 billion ($1.5 billion) via an accelerated bookbuild process in the largest secondary placement concluded in South Africa in the last five years.<\/p>\n\n\n\n<p>Ibex has successfully disposed of its entire stake in Pepkor Holdings Ltd, amounting to 1,045 million no-par value shares. This sale represents approximately 28% of Pepkor&#8217;s current issued share capital and is valued at around R26.6 billion ($1.5 billion). <\/p>\n\n\n\n<p>The transaction was notably oversubscribed and concluded at a narrow 5.9% discount.<\/p>\n\n\n\n<p><strong>About Pepkor Holdings<\/strong><\/p>\n\n\n\n<p>Pepkor owns and operates almost 6,000 stores under the Pep and Ackermans brands in South Africa. The stores sell low-cost clothing and are tapping a pan-African boom in the use of phones for payment and banking services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Our role<\/h2>\n\n\n\n<p>Investec has served as a long-standing financial advisor to Ibex, supporting multiple placements through the full unwind of its Pepkor stake. The historic equity capital markets transaction represents the Investec Equity Cluster\u2019s successful final placement by Ibex of its Pepkor investment.<\/p>\n\n\n\n<p>Investec Bank Limited, Goldman Sachs International, and J.P. Morgan Securities plc served as Joint Global Coordinators for this share placement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investec has advised Ibex Topco B.V. through the full unwind of its stake in Pepkor Holdings Limited About the deal&#8230;<\/p>\n","protected":false},"featured_media":57056,"template":"","dt":[1598],"sector":[27],"dealtype":[33],"clienttype":[],"class_list":["post-57104","deals","type-deals","status-publish","has-post-thumbnail","hentry","dt-large-corporates","sector-consumer","dealtype-sell-your-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sale of Ibex Toco B.V.&#039;s stake in Pepkor | Investec Business Advisory<\/title>\n<meta name=\"description\" content=\"Investec advised Ibex Topco through the sale of its stake in Pepkor, Africa\u2019s largest clothing retailer, raising R26.6 billion ($1.5 billion)\" \/>\n<meta name=\"robots\" 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