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Ethos Private Equity Current News
After his success as head of Massmart, it was expected that Mark Lamberti would turn up with an interesting new project.
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.
Johannesburg-based private equity firm Ethos has sold its remaining 12.4 per cent stake in JSE-listed Holdsport, following the IPO of the South African sports retailer in the second half of last year.
ICT services provider Atio has bought back the shareholding that was held by Ethos Private Equity's Technology Fund One for an undisclosed amount.
Of all the private equity in emerging markets, an unlikely country stands as the most mature: South Africa. Of South African firms, Johannesburg-based Ethos Private Equity Ltd. is the oldest. Chief executive André Roux is widely considered the country's private equity pioneer.
The shareholders of Savcio today confirmed the sale of Savcio to ACTOM.
Savcio is the largest privately owned provider of maintenance and repair services for motors and transformers in Africa. ACTOM focuses on manufacturing, distributing and contracting in the electrical engineering sector.
Private equity firms: Actis, Ethos and Old Mutual, BEE shareholders: Sphere Holdings and Aka Capital, and management received a conditional approval for the sale from the South African Competition Authorities.
South Africa's competition regulator has approved the sale of equipment repair firm Savcio Holdings to another company backed by its private equity owner, a deal one source has said was worth up to $500 million.
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.
Sometimes the most compelling investment stories are found in the most unglamorous places. The nuts and bolts holding everyday life in place, often unseen or unnoticed by the consumer, are frequently where these stories are born.
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).
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.
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.
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.
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