Atterbury Property Fund
Atterbury Property Fund (APF) is the investment vehicle within the Atterbury Property group that holds the 49% stake in AttBid Proprietary Limited and a separate direct 28.35% stake in RMH Holdings. Although Faan and Dirk van der Walt hold 51% of AttBid, APF’s combined economic interest in RMH (through AttBid’s 71.65% stake plus its own 28.35% direct holding) amounts to approximately 63.5% — making APF the effective economic majority, not the brothers. Fledge Capital’s portfolio page describes APF as a “friends and family” vehicle for existing Atterbury shareholders and employees, with Fledge entering in November 2016. APF acquired Coronation Fund Managers’ 28.35% block in RMH at ~R0.47 in October 2025, establishing the bilateral reference price later locked in as the mandatory offer floor.
Connections
- AttBid Proprietary Limited — 49% shareholder; effective economic senior partner
- RMH Holdings — holds 28.35% directly; target of mandatory offer
- Atterbury Property Holdings — parent structure
- Louis van der Watt — controls APF
- Coronation Fund Managers — sold block to APF, setting the R0.47 reference price
- Fledge Capital — minority investor in APF since November 2016