Best Private Equity Firm In Africa
The Private Equity Annual Review 2006
- Ethos Private Equity
Ethos Private Equity had a sparkling year in 2006. It closed Ethos Fund V on R5.5 billion ($750 million; ‚¬589 million), the largest fund in Africa and more than double the size of its predecessor.
Strategic investors, such as Teachers’ Private Capital, can also co-invest alongside so Ethos can tackle larger deals. It has already completed three transactions in South Africa from the fund: Kanderlane, an electronics payments specialist; Plumblink, a plumbing company, and the recently announced buyout of Moresport, a sports retailer.
It specializes in medium-to-larger South African and African buyouts, growth capital and niche privatization opportunities, where there is a need to address ownership change, and in particular Black Economic Empowerment transactions to redress the economic wrongs of apartheid.
Ethos is back on the fundraising trail for Sphere Holdings, a black-owned and managed company, which Ethos’ backed in 2004, to create a new BEE player in South Africa. Together they are raising a maiden private equity fund, Sphere Fund I.