Key Takeaways
- • PwC advised Sustainable Agro Solutions (SAS Group) on its acquisition of a majority stake in Afrikelp Holdings, a South African specialist in seaweed- and plant-based biostimulants.
- • The deal marks SAS Group's first acquisition in South Africa and expands its biostimulants portfolio as part of its international expansion.
- • PwC provided buy-side financial and tax due diligence, tax structuring and earn-out review for the transaction.
- • Teams from PwC South Africa and PwC Spain collaborated on the deal, drawing on the firm's global network.
Summary
PwC advised Sustainable Agro Solutions (SAS Group) on its acquisition of a majority stake in Afrikelp Holdings, according to a PwC announcement published through Africa Private Equity News. Afrikelp is a South African specialist in seaweed- and plant-based biostimulants, products used to enhance crop performance and soil health in agricultural production.
The acquisition expands SAS Group's biostimulants portfolio and represents its first acquisition in South Africa. The announcement describes the transaction as an important milestone in the group's international expansion and as further evidence of the role cross-border investment plays in South Africa's agricultural sector.
PwC's role covered buy-side financial and tax due diligence, tax structuring, and a review of the earn-out arrangement. Teams from PwC South Africa and PwC Spain worked on the transaction together, combining local market knowledge with specialist capabilities from across the firm's global network.
The announcement did not disclose the transaction value or the size of the stake acquired beyond describing it as a majority interest.
The acquisition expands SAS Group's biostimulants portfolio and represents its first acquisition in South Africa. The announcement describes the transaction as an important milestone in the group's international expansion and as further evidence of the role cross-border investment plays in South Africa's agricultural sector.
PwC's role covered buy-side financial and tax due diligence, tax structuring, and a review of the earn-out arrangement. Teams from PwC South Africa and PwC Spain worked on the transaction together, combining local market knowledge with specialist capabilities from across the firm's global network.
The announcement did not disclose the transaction value or the size of the stake acquired beyond describing it as a majority interest.
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