Ethos Private Equity Invests Additional R100m In Transaction Capital
Ethos Private Equity, a leading private equity fund manager in South Africa, today announced that it has significantly increased its investment in Transaction Capital, the financial services company led by Mark Lamberti, the founder and architect of Massmart.
Ethos initially invested into ATM Solutions in 2005, one of Transaction Capital’s core businesses. In recognition of the group’s outstanding performance and continued growth potential, Ethos has increased its total stake in Transaction Capital by a further R100 million.
Shaun Zagnoev, Partner at Ethos Private Equity said: “Transaction Capital has uniquely combined exceptional entrepreneurial talent with the highest levels of corporate governance. Under the stewardship of Mark Lamberti, management has dedicated the time and investment required to position the business to deliver superior growth. Ethos is delighted about raising our stake in a company that has consistently produced an excellent return on investment. We will continue to support management and anticipate exciting growth into the future.”
Since Ethos made its first investment in the group, Transaction Capital has grown to become a leader in the provision of financial services in market segments historically under-served by the traditional banking sector in South Africa.