Alexander Forbes News

Africa's Top Ten IPOs in 2014

Africa's Top 10 IPOs in 2014 (Infographic)

Africa’s Top 10 IPOs in 2014

Old Mutual Offices in Sandton, Johannesburg, South Africa

2014 has witnessed a spate of major insurance deals in sub-Saharan Africa

Following are some purchases or expansion plans by South African and European insurers in sub-Saharan Africa announced in the past three months.

Alexander Forbes, Sandton, South Africa

South Africa's Alexander Forbes raises $345M in IPO

South African pension manager Alexander Forbes on Friday priced its initial public offering at the middle of its planned range on Friday, raising 3.7 billion rand ($345 million) ahead of its return to the Johannesburg exchange.

Edward Kieswetter, CEO, Alexander Forbes

Alexander Forbes IPO Suggests Valuation of Almost $1 Billion

Alexander Forbes Ltd. will price its initial public offering at as much as 8.05 rand ($0.75) a share, valuing Africa’s largest independent retirement-fund administrator at about 10.5 billion rand.

Julio Portalatin, CEO, Mercer

Marsh & McLennan to Buy 34% of Alexander Forbes of South Africa

Marsh & McLennan Cos (MMC) will buy a 34 percent stake in South Africa‘s Alexander Forbes Ltd. (AFB) as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month.