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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Market participants predict private cash placements and dribble-outs to rise as issuers balk at block trade and IPO discounts -
South African private equity owner of Virgin Active and New Look gives itself flexibility to wait for right time to exit its portfolio assets in sell-downs and IPOs
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ACG Acquisitions Co to acquire Turkish mine in bet for rising metals demand amid clean energy and electric vehicles push
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Seven IPOs expected in Middle East from September while South African issuance to be more gradual
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At-the-market transaction to take advantage of strong results despite volatile market
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Oversubscribed sale bodes well for the retail group's IPO of Boxer, seeking to raise R6bn-R8bn by end of the year
