Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Although the recent surge boosted investor confidence, Transaction Capital shares remain down 57.28 percent year-to-date.
Seabrooke’s decision to retire follows a series of transitions. In December 2022, he stepped down as the group’s independent non-executive chairman
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
The move is seen as a strategic maneuver to unlock shareholder value and expand WeBuyCars’ brand presence in the competitive used-car market.
Aligned with its value-maximization strategy, Transaction Capital is also pursuing the separation of its WeBuyCars unit, targeting R1.25 billion ($65 million) in capital.
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
Jonathan Jawno, a founding member of Transaction Capital, owns a significant 9.59-percent stake in the investment holding.
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
Jawno owns a significant 9.59-percent stake in Transaction Capital, or 72,667,000 ordinary shares.
Transaction Capital is a South African financial services group co-founded and led by Jawno.
Hurwitz’s stake in Transaction Capital has decreased to 2,500,965 shares.