On October 11, 2023, Harith General Partners announced the acquisition of a stake in Mergence Investment Managers.
Under the terms of the transaction, Harith General Partners (“Harith”) will acquire a 46% stake in Mergence Investment Managers (“Mergence”). The deal is expected to close in January 2024. Further terms of the transaction were not disclosed.
Harith, based in South Africa, is an investor and developer of infrastructure assets across Africa. Harith has $1.20 billion of assets under management.
Mergence, based in South Africa, is an independent asset management firm that invests in clean energy, water, digital infrastructure, financial inclusion, food security and social infrastructure. Mergence has 42 billion Rand assets under management.
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