Curro Holdings, South Africa’s largest private school operator, has received a takeover bid worth approximately R7.2 billion from a trust linked to billionaire investor Jannie Mouton.
The proposed deal, announced on Wednesday, will be executed through a scheme of arrangement that, if approved by shareholders, will see Curro delist from the Johannesburg Stock Exchange (JSE).
The buyout is being spearheaded by the Jannie Mouton Stigting, a family trust closely associated with Mouton, the founder of investment giant PSG Group.
Shares of Curro jumped sharply following the announcement, reflecting investor confidence in the move.
The company, which operates more than 180 schools nationwide, has been under pressure in recent years due to rising operational costs and slower-than-expected enrollment growth.
Importantly, the acquisition is being pursued by the Stigting trust and not the Jannie Mouton Foundation, which focuses on philanthropic initiatives in education, entrepreneurship, and social development.
If successful, the deal is expected to give Curro greater operational flexibility outside the public markets while keeping its long-term educational mission aligned with its founding vision.
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