Harvard dealmakers seize power in Wilderness deal

Mike and Nick Stone, two Harvard trained asset managers with track records involving billions of US dollars in private equity deals, will occupy the centre of power in Wilderness Holdings once shareholders approve the multi-million Pula buy-out offer unveiled this week.

Wilderness is one of Africa’s biggest ecotourism groups, with 16 camps in the Okavango Delta either wholly or partially owned. The group dominates the Delta’s high end with camps that have won international awards.

Shareholders holding nearly 87 million shares or about 36% will soon be asked to vote on the P6.25 per share African Wildlife Holdings Limited is offering for their shares. If the offer is successful, Wilderness Holdings will exit the BSE after nine years of listing and go private.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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