Quantum Foods: Capitalworks increases stake, eyes potential majority control

Quantum Foods Holdings Limited (JSE:QFH) announced today that Capitalworks Private Equity SP GP II Proprietary Limited, along with Crown Chickens Proprietary Limited (collectively, "Capitalworks Entities"), has increased its beneficial interest in the company. The Capitalworks Entities now hold 15.53% of the total Shares in issue, excluding treasury shares. This follows the acquisition of additional Shares and the execution of various sale agreements. Furthermore, Capitalworks Entities have entered into a right of first refusal agreement ("ROFR Agreement") with Aristotle Africa S.à r.l. ("Aristotle"), potentially giving Capitalworks Entities the option to acquire more than 50% of the Net Shares in aggregate. Despite the increased holdings and option, Capitalworks states it currently has no intention to make an offer to acquire all shares from Shareholders. The announcement follows previous disclosures made on September 6, 2024, and March 10, 2025, regarding changes in shareholding.