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Ethos Private Equity Current News
Ethos Capital has been one of the premier private equity firms in SA for 25 years. It made its 101st investment this week when it bought Kevro, a leading supplier of corporate clothing (what used to be called uniforms) as well as promotional gifts.
Private equity firm Ethos yesterday announced it had acquired South African corporate promotions company Kevro for R850m and said it planned further acquisitions in the first half of this year.
Ethos today announced its 101st investment, the c.R850m acquisition of South African corporate promotions company Kevro. The Kevro transaction follows heightened deal flow at Ethos over the past six months.
The immediate image that springs to mind when thinking of a private equity dealmaker is one of a hyena or shark, seeking out weaknesses in others as opportunities to feed their own appetite for ever more money. But speak to one of SA's longest serving players in this field, Ethos, and you'll be surprised how your perception could change.
Johannesburg-based private equity firm Ethos has bought South African corporate clothing companyKevro for ZAR850m ($108m).
Founded in 1990, Kevro supplies corporate clothing and promotional products in Africa. The company’s products are primarily marketed under Barron brand. Kevro also distributes CAT Work & Leisure Wear, Nike Golf Wear, and Indestruktible Bags.
Private equity has played an important role in South Africa’s social and economic transformation – there’s plenty more to come, says André Roux of Ethos Private Equity.
A consortium led by Ethos Private Equity has acquired and is in the process of delisting Universal Industries (‘Universal’), from the JSE.
Ethos Private Equity on Thursday said that it has led a consortium in the acquisition of South Africa's Universal Industries Corp. (UNI.JO) in a deal that values the company at ZAR1.3 billion ($166.6 million).
Absa Capital, the corporate and investment banking division of Absa Bank Ltd, has arranged R650 million in a five-year secured high yield note as part of a R2 billion DMTN programme for House of Busby (Pty) Ltd (Busby).
In April this year, in recognition of its special economic and political position within the African continent, South Africa was formally admitted as the fifth member in the elite group of the fastest-growing emerging market economies, officially adding an ‘S’ to the acronym now known as BRICS.
It is the best-performing asset class available, but it has largely been a no-go zone for private investors. Now some moves are being made to open up private equity. We figure out what you need to know to take advantage of superior returns.
HOLDSPORT would become the first dedicated sporting goods retailer on the JSE on July 18, the company said yesterday.
Holdsport, which runs the Sportsmans Warehouse and Outdoor Warehouse stores, plans to raise as much as 1.2 billion rand in an initial public offering (IPO) next month.
South African sporting, leisure and recreational goods retailer, Holdsport has applied to list its shares on the main board of the JSE.
Joining ABN’s Stephen Gunnion to talk more on the company's listing plans is Kevin Hodgson, CEO of Holdsport.
Holdsport Ltd., a South African company that runs the Sportsmans Warehouse and Outdoor Warehouse retail chains, plans to start trading its shares to facilitate the exit of its majority shareholder, Ethos Private Equity, Chief Executive Officer Kevin Hodgson said.
South African sporting, leisure and recreational goods retailer Holdsport plans to list on the Main Board of the JSE during the second half of 2011. UBS has been appointed as adviser and sole bookrunner for the offer, the company said Monday.
Ethos is delighted to announce that Kelly Moylan has been appointed to the Ethos Board of Directors as a non-executive director, effective 1 March 2011.
Raising capital for African private equity funds has never been easy, but global investors’ desire to find growth could be changing all that. Last year $964 million was raised for private equity funds in Sub-Saharan Africa. This was a sharp drop from the record $2.24 billion raised in 2008, according to Emerging Markets Private Equity Association figures, but the numbers are back up once more.
This Special Edition of the EMPEA Insight Series offers the most detailed look yet into Private Equity in Sub-Saharan Africa, including analytics on fundraising, investment and exits as well as profiles of key individual markets
Since 1994, South African government policies, fostering the creation of a more diversified economy and the introduction of black people into the mainstream of the economy have assisted in the creation of an emerging black consumer.
Absa Capital, the investment banking division of Absa Bank, announced on Monday it has arranged the largest listed high-yield bond ever issued in the local market worth R750 million.
Ethos Private Equity, the 26-year old firm that has staked a claim as one of South Africa’s major players, has come to view the country as a gateway into other sub-Saharan African countries.
The growth of middle class throughout sub-Saharan Africa has presented private equity firms with a vast and compelling opportunity for investment. But to access the budding middle classes in countries such as Kenya and Nigeria, businesses including some private equity firms have set up bases in South Africa which has become the gateway to the sub-Saharan regions, says Ethos Private Equity.
Private equity is not that private anymore. There sweeping demand from retail investors, typically but not exclusively wealthy clients, to diversity into private equity. It’s fast being seen as the fifth asset class alongside equities, bonds cash and property. At the same time some investment houses are trying to make private equity investments more accessible to retail clients.
Ethos Private Equity has appointed former banker Peter Mageza as non-executive chairman, replacing Fred Phaswana.
Ethos Private Equity celebrated its 25th anniversary at an elegant function in Houghton last night and announced the appointment of new non-executive chairman, Peter Mageza, who is replacing Fred Phaswana.
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