Mergence Investment Managers has acquired a controlling equity stake in Live Easy, which is a property platform for affordable rental housing. The transaction included providing the structure with senior and mezzanine debt. Live Easy is one of the largest affordable housing in South Africa with an estimated 2,500 units in prime locations between Johannesburg and Pretoria. Live Easy was established in 2015 by James Huff and Jeffrey Froom. The stake acquired or the acquisition amount was not disclosed.
Mergence Investment Managers is part of the Mergence Group which is a financial services company with 15 years’ experience managing assets within the areas of financial, property and industrial services. We have offices in Cape Town, Johannesburg, Windhoek and Maseru. Mergence Investment Managers has approximately R35-billion in assets under management.