Karooooo Completes Secondary Offering of 1.5M Shares
Deal News | Jun 13, 2025 | Fried Frank
Karooooo Ltd., a Singapore-based public company known for its comprehensive operations management SaaS platform, has successfully completed a secondary offering of 1.5 million ordinary shares. The offering was conducted by the company's selling shareholder and founder. Renowned law firm Fried Frank served as counsel for the underwriters, which included UBS Securities LLC, William Blair & Company, L.L.C., and The Standard Bank of South Africa Limited. These firms were represented by Fried Frank under the leadership of corporate partner Joshua Wechsler. Karooooo's platform provides an array of services aiming to optimize business operations in areas such as fleet maintenance, workforce management, and environmental impact assessment.
Sectors
- Software as a Service (SaaS)
- Financial Services
- Legal Services
Geography
- Singapore – Karooooo is a public company based in Singapore, making it relevant to this geography.
- United States – UBS Securities LLC and William Blair & Company, L.L.C. are based in the United States, indicating this geography's relevance.
- South Africa – The Standard Bank of South Africa Limited's involvement as an underwriter ties the article to this geography.
Industry
- Software as a Service (SaaS) – Karooooo operates as a SaaS provider, delivering a cloud-based operations management platform.
- Financial Services – The involvement of UBS Securities LLC and other financial institutions signifies the financial services' role in underwriting the secondary offering.
- Legal Services – Fried Frank's legal advisory role in the secondary share offering places this within the legal services sector.
Financials
- 1,500,000 shares – Total number of ordinary shares offered in the secondary offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Karooooo Ltd. | Target Company | Company | A global provider of a leading operations management SaaS platform. |
| Fried Frank | Legal Advisor | Company | Provided legal counsel to the underwriters for Karooooo's secondary offering. |
| UBS Securities LLC | Underwriter | Company | Represented as one of the underwriters for the secondary offering. |
| William Blair & Company, L.L.C. | Underwriter | Company | Participated as an underwriter in the secondary offering. |
| The Standard Bank of South Africa Limited | Underwriter | Company | Served as one of the underwriters for the secondary offering. |
| Joshua Wechsler | Corporate Partner | Person | Led the Fried Frank team as corporate partner for the legal advisory work. |