trending Market Intelligence /marketintelligence/en/news-insights/trending/2CNxayNGuPggQsH3clL8dg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bayport Management to acquire majority stake in 7 companies

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Bayport Management to acquire majority stake in 7 companies

Mauritius-based Bayport Management Ltd. entered conditional share purchase agreements to acquire 51% of seven companies that have been providing insurance services to the company.

Bayport will pay 23.1 million South African rand in cash and 114,647 ordinary Bayport shares as initial consideration for the seven companies, with deferred consideration of 5.4 million rand and 26,694 shares payable subject to achieving a 20% growth rate per year for three years.

The companies to be acquired are The Real Automobile Finance and Insurance Consulting Co. Pty. Ltd.; Peak Hour Consultants Pty. Ltd.; Traficc Global Pty. Ltd.; Green Light Insurance Brokers Pty. Ltd.; Built to Last Pty. Ltd.; Traficc Maintenance Plans Pty. Ltd.; and Sugar Magnolia Pty. Ltd.

Completion of the acquisition is subject to regulatory approval and the receipt of certain change of control consents, and Bayport and Picasso Moon Trust entering into an option agreement to acquire 51% of the issued shares in Mauritius-incorporated Picasso Moon Investments Ltd. for 1.6 million rand and 8,111 ordinary Bayport shares.

If all shares that form part of the payment for the various deals are issued, they will represent 0.486% of Bayport's issued share capital.