South African Billionaire Patrice Motsepe's Arc, Raises Stake In Jse-listed Alexforbes To 264 Million
- ARC increased its stake in Alexforbes from 42.3 to 45.83, raising its market value to 264 million, signaling confidence in the companys long-term prospects.
- ARCs deeper investment aligns with its strategy to back high-value financial firms like Alexforbes and position it for future growth in South Africas financial sector.
- Regulatory compliance was ensured, with ARC and Alexforbes fulfilling regulatory compliance and adherence to market regulations.
African Rainbow Capital ARC, a private equity firm founded by South African billionaire Patrice Motsepe, has raised its stake in Alexforbes Groupa leading financial services provider in South Africato more than 260 million.
The move, disclosed in a r egulatory filing on February 24, 2025 , underscores the strengthening financial relationship between ARC and Alexforbes. ARC has been a significant investor in Alexforbes for years, playing a key role in the companys strategic growth within South Africas financial services sector.
Strengthening its financial sector footprintWith this latest increase, ARCs stake in Alexforbes has risen from 42.3 percent which was less than 200 million to 45.83 percent, now valued at R4.86 billion 264.34 million. The decision signals confidence in Sanlams strong market standing and long-term prospects.
By deepening its investment, ARC reinforces its long-term commitment to Alexforbes, aligning with its strategy to back high-value financial services firms. The transaction enhances ARCs influence over the company, positioning it to drive future growth and strategic initiatives.
Alexforbes, listed on the Johannesburg Stock Exchange JSE, specializes in retirement, investment, and insurance solutions. The company has seen steady growth, benefiting from increased institutional investment and a robust South African financial services landscape.