Agile Capital, Trinitas Private Equity and Barnes family entered into a binding offer to acquire Everite Building Products, Sky Sands and Barnes Reinforcing Industries from Group Five Limited (JSE:GRF) on January 17, 2019. Agile Capital, Trinitas Private Equity signed a definitive agreement to acquire 50% stake of Barnes Reinforcing Industries from Group Five Limited (JSE:GRF) on April 12, 2019. Proceeds received from assets subject to security agreements will be utilised to reduce the relevant secured debt, and the balance of unsecured proceeds will be utilised to settle working capital requirements. Pursuant to the terms of the acquisition, Agile Capital and Trinitas Private Equity will acquire Everite Building Products and Sky Sands from Group Five Limited for ZAR 480 million. In addition, Barnes family will acquire the remaining of the manufacturing cluster of Group Five Limited, i.e., remaining 50% stake in Barnes Reinforcing Industries from Group Five Limited. The transaction is subject to inter alia, signing of legal agreements for the transaction, negotiation and execution of legally binding financing documents, final negotiation and execution of revised key development terms and parameters of key senior management of Group Five, approval of Group Five shareholders and approval from antitrust authorities. The transaction is expected to be concluded early in the second half of 2019. Group Five Limited decided to sell its manufacturing assets to reduce its debt. Werksmans Attorneys Incorporating Jan S. de Villiers acted as legal advisor to Agile Capital and Trinitas Private Equity. Norton Rose South Africa acted as legal advisor to Group Five Limited. The Standard Bank of South Africa Limited acted as financial advisor to Group Five Limited. Agile Capital, Trinitas Private Equity and Barnes family cancelled the acquisition of Everite Building Products, Sky Sands and Barnes Reinforcing Industries from Group Five Limited (JSE:GRF) on January 17, 2020.