Acquiring Company
Public Investment Corporation (PIC)
Acquired Company
Balwin Properties
PretoriaJohannesburgGovernmentReal EstateDescription
Balwin Properties shareholders have approved a R1.1bn buyout led by a consortium including the PIC. This transaction will transition Balwin into private ownership, allowing for greater flexibility in pursuing long-term growth. The deal is expected to be implemented in October, ahead of Balwin's delisting from the JSE. The GEPF will hold approximately 49.3% of Balwin post-acquisition.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Balwin Properties?
Balwin Properties was acquired by Public Investment Corporation (PIC), based in Pretoria. The deal was reported on August 18, 2026. The Public Investment Corporation (PIC) is a South African government-owned entity that manages public sector investments. Public Investment Corporation (PIC) is privately held and operates in Government.
When did Public Investment Corporation (PIC) acquire Balwin Properties?
Public Investment Corporation (PIC)'s acquisition of Balwin Properties was reported on August 18, 2026. Balwin Properties shareholders have approved a R1.1bn buyout led by a consortium including the PIC. This transaction will transition Balwin into private ownership, allowing for greater flexibility in pursuing long-term growth. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Balwin Properties do?
Balwin Properties is a residential property developer focusing on low-cost housing solutions. Established in 2003, it has gained recognition for its innovative approach to sustainable living developments. It is privately held, operating in Real Estate, and is based in Johannesburg.