Value Capital Partners (VCP), whose model is to invest then actively engage management to maximise shareholder returns, has picked up about a R260m stake in building materials group Cashbuild.

VCP’s acquisition of the 5.28% stake in Cashbuild comes as the retailer moves to buy Pepkor’s The Building Company (TBC) for almost R1.1bn — which, if approved by competition authorities, would almost double its revenue...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now