The Rayner Sparg Family Trust, Godwin Trust, Gavin Ramsay Family Trust and other related party (The Consortium) made an offer to acquire 0.93% stake in NVest Financial Holdings Limited (JSE:NVE) for ZAR 5.9 million on October 29, 2021. The Consortium of shareholders will acquire all shares at price of ZAR 2.1 per share. The deal is subject to regulatory approval, board approval, shareholder approval of NVest Financial Holdings.

As on January 14, 2022, the transaction was approved by the shareholders of NVest Financial Holdings. A2A Kopano Inc. acted independent expert and AcaciaCap Advisors Proprietary Limited acted as financial advisor to NVest Financial Holdings in the deal.