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Sanlam to acquire a stake in listed real estate specialist Catalyst Fund Managers

20 September 2018Nersan Naidoo, Sanlam
Nersan Naidoo, CEO of Sanlam Investments.

Nersan Naidoo, CEO of Sanlam Investments.

Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, has entered into agreements to acquire an approximate 69% stake in Catalyst Fund Managers (CFM), a specialist in managing listed real estate investments both in South Africa and globally for retail and institutional investors.

This is in pursuit of diversifying and strengthening Sanlam Investments’ (SI) current asset management capabilities. It provides Sanlam Investments with the opportunity to partner with a credible and well-respected business which has a compelling product offering. The partnership will allow CFM to remain single-minded in their focus to deliver the best outcomes for their clients, whilst being supported by Sanlam’s operational and retail distribution strength. The transaction is subject to the fulfilment of certain conditions, including regulatory approvals.
 
Founded in 2001, CFM originally focused on managing South African listed real estate portfolios and in 2005 started developing its global capability. In 2007, CFM extended its offering by including the management of global listed real estate portfolios.
 
“CFM executive management and staff support the change in shareholding,” says Michael Arbuthnot, CEO of CFM. “Our passion is managing assets in the listed real estate sector. This transaction will allow us to do that even better.” CFM Group founder André Stadler agrees, “This opportunity allows us to strengthen our owner managed and investment-led culture. It extends shareholding to a broader management team to ensure retention of our talent and increases aligned investment in our funds.”
 
“CFM has been a consistent performer in the listed property market for many years, which resonates with the Sanlam story,” says Nersan Naidoo, CEO of Sanlam Investments “For both Sanlam and Catalyst the objective is to identify value opportunities for our clients without taking on undue risk. It provides our clients with a compelling asset class as we search for alternative sources of performance.”
 
In addition, Sanlam Investment Management Holdings (SIMH) will acquire a 100% stake in an Irish business, CIG Fund Management Company Limited, to complement the Sanlam Group’s international investment management platform, Sanlam Asset Management Ireland (SAMI), which manages funds domiciled in Ireland. This transaction is subject to certain conditions including Irish regulatory approvals. 

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