businesstech.co.za Dec 01
Ata Capital sells its 26% stake in Novare to Management:
Ata Capital Fund II has successfully exited its investment in Novare Holdings, a diversified financial ...
businesstech.co.za/news/industry-news/845129/ata-capital-sells-its-26-stake-in-novare-to-management/
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Novare Management Acquires Ata Capital’s 26% StakeAta Capital sold its 26% Novare stake to management, pending regulatory approval, marking a key step in Novare’s 2019-2025 growth.
Key FactsDec 1, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businesstech.co.za
Summary created with AI assistance · Source: businesstech.co.za
- Ata Capital Fund II exited its investment by selling a 26% stake in Novare Holdings to the management team.
- Regulatory approval is required due to Novare’s operation across several licensed entities.
- Between 2019 and 2025, Novare achieved milestones including Level 1 BEE status and multiple industry awards.
- The management team assumes full ownership to drive sustainable growth and strengthen the company’s platform.
We’re grateful to have been part of Novare’s growth story.— Lelo Rantloane, Chief Executive Officer of Ata Capital, reflecting on the sale of the stake in Novare.
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