{"id":17335,"date":"2022-04-05T14:50:14","date_gmt":"2022-04-05T14:50:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/aiim-mokobela-shataki-consortium-buy-the-logistics-group-for-110mn"},"modified":"2022-04-05T15:07:13","modified_gmt":"2022-04-05T15:07:13","slug":"aiim-mokobela-shataki-consortium-buy-the-logistics-group-for-110mn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/aiim-mokobela-shataki-consortium-buy-the-logistics-group-for-110mn","title":{"rendered":"AIIM, Mokobela-Shataki consortium buy The Logistics Group for $110mn"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>African Infrastructure Investment Managers (AIIM), one of Africa\u2019s largest infrastructure-focused private equity fund managers, and the Mokobela-Shataki consortium completed a ZAR1.6 billion ($110 million) takeover of The Logistics Group (TLG). \u201cThe integrated logistics company operates in Southern Africa with services across port, rail, warehousing and digital transport logistics,\u201d according to an official statement from AIIM.<\/p>\n<p>The transaction was financed by a mix of equity and debt financing. AIIM, through its flagship South African IDEAS Fund and AIIF4 Fund acquired a 74 percent stake in TLG. The remaining 26 percent stake was acquired by the Mokobela-Shataki Consortium, sponsored by Moss Ngoasheng, founder and CEO of Safika Holdings (Pty) Ltd, and Monhla Hlahla, former CEO of the Airports Company South Africa and current Chairperson of Royal Bafokeng Holdings.<\/p>\n<p>\u201cTLG presents a rare opportunity to acquire a multi-corridor player while addressing regional capacity constraints in partnership with Transnet and other major operators in the region,\u201d says Ed Stumpf, Investment Director, AIIM. \u201cWe view TLG as the cornerstone for a regional ports and logistics platform which will pursue additional investments along a number of transport corridors.<\/p>\n<p>\u201cLooking more broadly, this will help reduce transport costs, which can have a considerable impact on the price of goods and catalyse trade regionally and beyond. Positioning the group to support multi-mode rail\/road and backhaul cargo efficiency is a core part of our strategy to reduce carbon emissions as part of the journey to net zero.\u201d<\/p>\n<p>Olusola Lawson, Managing Director &amp; Co-Head, AIIM added: \u201cThis represents our next generation pan-African fund AIIF4\u2019s first investment. AIIF4 is a thematic investor with a high-quality diversified pipeline across the Digital infrastructure, Energy Transition and Mobility and Logistics sectors. We look forward to expanding the fund\u2019s portfolio.\u201d While investment to enhance the existing TLG terminals in Cape Town, Port Elizabeth and Durban will be pursued in partnership with Transnet National Ports Authority, operational ramp-up of TLG\u2019s businesses in Mozambique, Zambia and Namibia will be prioritised, the statement said. Also Read \u2013 Bolero, TradeLens to fast-track electronic bills of lading<\/p>\n<p>\u201cWe are excited to conclude this transaction and create a long-lasting partnership with AIIM and TLG,\u201d says Ngoasheng. \u201cThe acquisition allows Mokobela-Shataki to gain a strong foothold in the Southern African logistics industry, which we envision to be a key catalyst for the economic recovery and future growth of the region post Covid-19. The combination of TLG\u2019s logistics expertise and the infrastructure investments and ports expertise of the AIIM Mokobela-Shataki Consortium will create greater supply chain efficiencies, deliver more comprehensive logistics solutions into a wider market.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. African Infrastructure Investment Managers (AIIM), one of Africa\u2019s largest infrastructure-focused private equity fund managers, and the Mokobela-Shataki consortium completed a ZAR1.6 billion ($110 million) takeover of The Logistics Group (TLG). \u201cThe integrated logistics company operates in Southern Africa with services across port, rail, warehousing and digital transport logistics,\u201d according to an official [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-17335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - 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