Sanari Capital has successfully exited its investment in Fernridge Solutions, a Johannesburg-based market intelligence and geospatial analytics firm, through a strategic sale to Broll Property Group. The transaction marks a pivotal moment for Fernridge, as it transitions into the hands of a buyer with deep pan-African expertise in real estate and technology, positioning the company for its next phase of growth and innovation.
Moushmi Patel, Director at Sanari Capital and lead on the transaction, described the acquisition as a natural evolution for Fernridge:
I am confident that this new partnership will cement Fernridge’s position as a leader in the fast-moving world of data services and market intelligence in Africa. The targeted support and access to market that the relationship with Broll will unlock will enable the management team to continue to deliver on their mission and fulfil their expected long-term growth trajectory.
Fernridge’s integration into Broll Property Group aligns with Broll’s strategic vision to enhance data-driven decision-making across Africa’s property sector. Malcolm Horne, Group CEO of Broll, emphasized the importance of data and technology in unlocking Africa’s potential:
Africa is full of opportunity, but to unlock it, we need better insights, more technology, and smarter data. As part of our ongoing commitment to build a locally driven yet internationally competitive property sector, we are investing in this area of our business. This will enable both investors and occupiers across the continent to make informed decisions and anticipate trends.
For Sanari Capital, the exit represents both a milestone and a moment of reflection. Samantha Pokroy, Founder and CEO of Sanari, shared:
Fernridge was Sanari’s first investment and therefore a meaningful milestone in our journey. The success of the partnership and the potential implicit in this exit talk to our belief in the power of private equity to transform growth companies in Africa. We wish Fernridge well in their next stage of growth and expect to see them scaling new heights with the support of Broll.
This transaction not only highlights the growing importance of data and analytics in Africa’s real estate and infrastructure sectors but also underscores the role of private equity in nurturing and scaling high-impact businesses across the continent.
