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
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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