Ethos is exclusively in the business of private equity investment. Using the funds it manages, Ethos specialises in control acquisitions of:
Medium-to-large companies in South Africa that involve meaningful equity participation by management; and
Good quality growth opportunities of meaningful size in South Africa and selectively in sub-Saharan Africa.
Ethos invests in a wide variety of transaction types and sizes:
Transaction Types
Growth capital
Replacement capital
Public-to-private transactions
Transaction Sizes
Control acquisitions of middle-market buyouts of R750million to R3billion; and
Large-sized control buyouts of more than R3billion in consortium.
RESPONSIBLE INVESTOR
Ethos prescribes to the IFC and World Bank Environment & Social Guidelines in all of its investments.
SECTORS OF INVESTMENT
Sectors in which Ethos has invested or has preference investing in:
Financial services (not banks)
Food (downstream not Agriculture)
General manufacturing
Healthcare
Industrial suppliers
IT/Telecoms/Electronics
Mining services
Retail/Wholesale consumer services
Services (including mining services)
Service providers to Construction (but not construction companies)
Transportation and logistics
Exclusions:
Deep mining and mineral Exploration
Gambling, casinos and equivalent enterprises
Greenfield and brownfield enterprises
Property and property development
Start-ups
INVESTMENT STRATEGY
Ethos’ investment strategy includes:
Investing in market-leading medium-to-large sized companies with clear competitive advantages and critical mass to sustain the business through economic cycles.
Investing in partnership with strong management teams with experience, ability and drive to grow the business and assist Ethos in the implementation of its investment thesis.
Significant active involvement in the value creation process post-investment and a disciplined approach to monitoring value-add activity.
South Africa is increasingly becoming a significant foreign direct investor into the African continent. Ethos seeks to support South African companies that are looking to capture growth opportunities in other sub-Saharan African countries.
GEOGRAPHICAL PREFERENCES
Ethos’ predominant focus is on making investments in South Africa and selectively targets other attractive sub-Saharan economies with primary focus on Nigeria, Ghana, Kenya, Uganda and Tanzania.
Ethos Private Equity Limited is licensed as an authorised financial services provider under the jurisdiction of the Financial Services Board of South Africa in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002). License number 9254.
