{"id":845129,"date":"2025-12-01T10:56:37","date_gmt":"2025-12-01T08:56:37","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=845129"},"modified":"2025-12-01T10:56:42","modified_gmt":"2025-12-01T08:56:42","slug":"ata-capital-sells-its-26-stake-in-novare-to-management","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/845129\/ata-capital-sells-its-26-stake-in-novare-to-management\/","title":{"rendered":"Ata Capital sells its 26% stake in Novare to Management"},"content":{"rendered":"\n<p>Ata Capital Fund II has successfully exited its investment in Novare Holdings, a diversified financial services company. <\/p>\n\n\n\n<p>The firm has sold its 26% stake to Novare\u2019s management team for an undisclosed amount, marking a significant milestone in Novare\u2019s growth trajectory and transformation journey. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/novare.com\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=December+2025\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for more information about Novare.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>Given that Novare operates under several licenced entities, this transaction is thus subject to approval by the regulatory authorities.<\/p>\n\n\n\n<p>The transaction underscores Ata Capital\u2019s continued commitment to empowering capable management teams and ensuring sustainable, long-term value creation across its portfolio companies.<\/p>\n\n\n\n<p>\u201cWe\u2019re grateful to have been part of Novare\u2019s growth story,\u201d said Lelo Rantloane, Chief Executive Officer of Ata Capital. <\/p>\n\n\n\n<p>\u201cWe believe the timing is right for the management team to assume full ownership and drive the business forward. Services businesses thrive under owner-management, and Novare\u2019s team has demonstrated exceptional resilience in navigating a turbulent economic environment. They\u2019ve rationalised the business, built a solid platform for growth, and we have every confidence they\u2019ll take it from strength to strength.\u201d<\/p>\n\n\n\n<p>Since Ata Capital\u2019s investment, Novare has undergone a period of meaningful transformation and strategic growth. <\/p>\n\n\n\n<p>Between 2019 and 2025, Novare achieved several milestones reflecting its commitment to excellence, innovation, and sustainability.<\/p>\n\n\n\n<p>These include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Achieving Level 1 Black Economic Empowerment (BEE) status following a management-led buyout of one of the co-founders in 2019.<\/li>\n\n\n\n<li>Opening Novare Central Lusaka, the first office building in Zambia to receive an EDGE certification, with Standard Chartered Bank as the anchor tenant.<\/li>\n\n\n\n<li>Winning the \u201cBest Fund of Hedge Fund\u201d award in the Multi-Strategy category for the NOVARE MAYIBENTSHA MODERATE QUALIFIED FUND OF HEDGE FUNDS at the HedgeNews Africa Awards 2021.<\/li>\n\n\n\n<li>Being nominated as an EDGE Champion by the International Finance Corporation (IFC) in 2023.<\/li>\n\n\n\n<li>Becoming the first African company to partner with IFC\u2019s Greening Real Estate Investment Portfolio (GRIP)program in 2024.<\/li>\n\n\n\n<li>Receiving the \u201cBest Multi-Manager or Asset Consultant of the Year\u201d award at the ABSIP Awards 2024.<\/li>\n<\/ul>\n\n\n\n<p>\u201cThis transition marks an exciting new chapter for Novare,\u201d said Ola Leepile, Chief Executive Officer of Novare Holdings. \u201cWe value the partnership we\u2019ve shared with Ata Capital over the years. Their support has helped us strengthen our business, expand our regional footprint, and build a more sustainable, transformed financial services platform. As a management team, we\u2019re proud to take full ownership and continue building on the foundation we\u2019ve created together.\u201d<\/p>\n\n\n\n<p>\u201cAcquiring the Ata stake strengthens our control of the business as a we chart a new way forward and a more sustainable future for Novare and our clients,\u201d added Leepile.<\/p>\n\n\n\n<p>Ata Capital extends its best wishes to Novare\u2019s leadership team as they embark on this next phase of growth. <\/p>\n\n\n\n<p>The exit reflects Ata\u2019s ongoing strategy of supporting empowerment-led transactions that align with its broader mandate of driving inclusive, responsible investment across Africa.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/novare.com\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=December+2025\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for more information about Novare.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ata Capital Fund II has successfully exited its investment in Novare Holdings, a diversified financial services company. <\/p>\n","protected":false},"author":57,"featured_media":785590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[24292,18143],"class_list":["post-845129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-ata-capital","tag-novare-holdings"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=845129"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845129\/revisions"}],"predecessor-version":[{"id":845130,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845129\/revisions\/845130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/785590"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=845129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=845129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=845129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}