Building Stronger
Partnerships to Drive
New Growth

Absa | Corporate and Investment Banking > Insights and Events > Building Stronger Partnerships to Drive New Growth
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We are proud to act as the sole financial adviser to Bidvest Group in their strategic expansion into a new segment of South Africa’s industrial sector.

Strategic partnerships are the foundation for unlocking growth and new opportunities. Bidvest Group, a leader in South Africa’s diversified industrial landscape, is taking a bold step forward with this landmark venture. This initiative highlights their unwavering commitment to economic empowerment, job creation, and environmental stewardship. Through the acquisition of Synerlytic Group Holding, which houses Wearcheck as its remaining operating entity, the group spearheads into the broader testing, inspection and certification sector expanding their well diversified portfolio.

We are thrilled to support Bidvest Group in this transformative journey, establishing a new entrant in this niche sector. WearCheck is one of the leading condition monitoring specialists on the African continent and a proud member of the prestigious International WearCheck Group (IWG), an association of independent laboratories from around the globe dedicated to oil and wear-particle analysis. Our role was to assist Bidvest in achieving their strategic goals while positioning them for long-term success. The transaction unlocks a new growth vertical for Bidvest and a responsible transition of ownership from a renowned private equity house to a long-term strategic partner.

As their trusted financial adviser, we are pleased in achieving a successful outcome for our long-standing client and facilitating this complex transaction; delivering a structure that balances immediate priorities with sustainable growth.

For more information, please contact:

Christopher Biggs

or

Kagiso Mahlangu

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