Investments
11Portfolio Exits
3Funds
1Partners & Customers
10About Sanlam
Sanlam is a financial services group, originally established as a life insurance company in 1918. The company demutualised and listed on the JSE Limited and Namibian Stock Exchange in 1998. Sanlam is a pioneer in transformation and the Ubuntu-Botho transaction in 2004 reinforced its position as a leading financial services group, underpinned by quality BEE leadership and a comprehensive strategy to ensure meaningful and broad-based participation across South Africa.
Sanlam Headquarter Location
2 Strand Road
Bellville,
South Africa
+27 21 947-9111
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Sanlam Rank
Latest Sanlam News
Jan 4, 2022
03/01/2022 A transaction announced in May last year regarding Sanlam’s plans to acquire an additional 22.8% interest in Saham Assurance has lapsed. Should the deal have completed, Sanlam would own a 84.5% stake in the company, At the time, and subject to a number of conditions, the South African financial services company said it had raised its direct and indirect interest by buying 22.8% of the issued shares from Mr. Said Alj through two entities for USD 137mn. In an announcement, the JSE-listed company stated that the conditions precedent to the transaction were not fulfilled and have lapsed and the company’s stake remains at 61.7%. TAGS
Sanlam Investments
11 Investments
Sanlam has made 11 investments. Their latest investment was in ARC Financial Services Sub as part of their Corporate Minority on December 12, 2020.
Sanlam Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/21/2020 | Corporate Minority | ARC Financial Services Sub | $50M | Yes | 1 | |
6/2/2020 | Secondary Market | FBNInsurance | Yes | 1 | ||
11/4/2017 | Corporate Minority | Sanlam Indie | $0.7M | Yes | 1 | |
8/15/2017 | Corporate Minority | |||||
5/30/2017 | Debt |
Date | 12/21/2020 | 6/2/2020 | 11/4/2017 | 8/15/2017 | 5/30/2017 |
|---|---|---|---|---|---|
Round | Corporate Minority | Secondary Market | Corporate Minority | Corporate Minority | Debt |
Company | ARC Financial Services Sub | FBNInsurance | Sanlam Indie | ||
Amount | $50M | $0.7M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Sanlam Portfolio Exits
3 Portfolio Exits
Sanlam has 3 portfolio exits. Their latest portfolio exit was Sanlam - Retirement Fund Administration Business on December 06, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
12/6/2021 | Divestiture | 1 | |||
Date | 12/6/2021 | ||
|---|---|---|---|
Exit | Divestiture | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 1 |
Sanlam Acquisitions
7 Acquisitions
Sanlam acquired 7 companies. Their latest acquisition was NSIA - Life and Non-Life Insurance Activities on September 23, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/23/2021 | Acquired Unit | 2 | ||||
1/7/2019 | ||||||
3/8/2018 | Other | |||||
10/16/2017 | ||||||
8/10/2017 |
Date | 9/23/2021 | 1/7/2019 | 3/8/2018 | 10/16/2017 | 8/10/2017 |
|---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 2 |
Sanlam Fund History
1 Fund History
Sanlam has 1 fund, including Sanlam Private Equity Infrastructure Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2008 | Sanlam Private Equity Infrastructure Fund | Fund Of Funds | Closed | 1 |
Closing Date | 12/31/2008 |
|---|---|
Fund | Sanlam Private Equity Infrastructure Fund |
Fund Type | Fund Of Funds |
Status | Closed |
Amount | |
Sources | 1 |
Sanlam Partners & Customers
10 Partners and customers
Sanlam has 10 strategic partners and customers. Sanlam recently partnered with Absa Group on October 10, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/5/2021 | Partner | Absa Group | South Africa | Sanlam , Africa 's largest non-banking financial services group , and Absa , one of Africa 's largest diversified financial services groups , today announced that they have reached an agreement to combine their investment management businesses in a transaction which will result in an asset management company with assets under management , administration and advice in excess of R1 trillion . | 2 |
8/31/2021 | Vendor | WANdisco | United States | WANdisco - WANdisco Wins Contract with Top African Financial Services Group WANdisco and its partners provided Sanlam with great support during the product evaluation . | 2 |
8/12/2021 | Distributor | MTN Group | South Africa | MTN plans to bring digital insurance and investment services to Africans in partnership with Sanlam Speaking on the partnership , MTN Group President and CEO Ralph Mupita expressed that the collaboration offers MTN Group the opportunity to enhance its existing offering and provide more value-added services to its customers . | 4 |
7/10/2019 | Partner | ||||
3/26/2019 | Vendor |
Date | 10/5/2021 | 8/31/2021 | 8/12/2021 | 7/10/2019 | 3/26/2019 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Distributor | Partner | Vendor |
Business Partner | Absa Group | WANdisco | MTN Group | ||
Country | South Africa | United States | South Africa | ||
News Snippet | Sanlam , Africa 's largest non-banking financial services group , and Absa , one of Africa 's largest diversified financial services groups , today announced that they have reached an agreement to combine their investment management businesses in a transaction which will result in an asset management company with assets under management , administration and advice in excess of R1 trillion . | WANdisco - WANdisco Wins Contract with Top African Financial Services Group WANdisco and its partners provided Sanlam with great support during the product evaluation . | MTN plans to bring digital insurance and investment services to Africans in partnership with Sanlam Speaking on the partnership , MTN Group President and CEO Ralph Mupita expressed that the collaboration offers MTN Group the opportunity to enhance its existing offering and provide more value-added services to its customers . | ||
Sources | 2 | 2 | 4 |
Sanlam Team
17 Team Members
Sanlam has 17 team members, including current Chief Executive Officer, Bongani Madikiza.
Name | Work History | Title | Status |
|---|---|---|---|
Bongani Madikiza | Old Mutual, and Sun International | Chief Executive Officer | Current |
Rob McJannet | PwC, and Lehman Brothers | Chief Executive Officer | Current |
Andre Rheeder | Chief Executive Officer | Current | |
Johan van der Merwe | Chief Executive Officer | Current | |
Azola Zuma | Chief Executive Officer | Current |
Name | Bongani Madikiza | Rob McJannet | Andre Rheeder | Johan van der Merwe | Azola Zuma |
|---|---|---|---|---|---|
Work History | Old Mutual, and Sun International | PwC, and Lehman Brothers | |||
Title | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer |
Status | Current | Current | Current | Current | Current |