CHC Resources

The management of CHC Resources secured the right to acquire the business from the founders and identified Spirit Capital as the ideal partner to assist in concluding the transaction and executing the business' growth plans.

We are excited to work alongside the management team at CHC and look forward to exploring the growth opportunities at hand.

Castledex – Tidy Files Merger

Spirit Capital is pleased to announce the acquisition by its subsidiary, Tidy Files (SA) (Pty) Ltd of an additional 50% interest in Castledex Business Systems (Pty) Ltd.

The transaction, concluded by means of a share swap, achieves the goal of retaining the invaluable skills and experience within Castledex whilst enabling further co-operation between the two businesses, specifically involving the expansion of Castledex's offsite and electronic filing services across Tidy File's countrywide branch network.

The benefits of combining the two businesses are immediately visible and we look forward to further enhanced results.

Acquisition of a minority interest by CA Sales Holdings in Pack 'n Stack

CA Sales Holdings (Pty) Ltd, a subsidiary of PSG Group Ltd, has acquired a minority interest in Pack 'n Stack Investment Holdings (Pty) Ltd. Pack 'n Stack is a national sales and merchandising company that merchandises and promotes products as well as drives sales for some of the country's biggest manufacturers in the Fast Moving Consumer Goods (FMCG) industry.

CA Sales Holdings believes its knowledge and experience of the local FMCG market will bring further opportunities to Pack 'n Stack, whilst growing its portfolio in the emerging Sub-Saharan FMCG industry.

Spirit introduced the parties, served as transaction advisors and negotiated the terms of the transaction on behalf of the vendors and CA Sales Holdings.