Home | Portfolio | Past Investments | CQS | Acquisition Deal Card
COMPANY:

CQS

EXIT YEAR: 2015
BUSINESS DESCRIPTION: Specialist financial software
INVESTMENT PARTNERS: Management and Kapela Investments
FUND: Ethos Technology Fund
ENTERPRISE VALUE (R'M): Not disclosed

Ethos shifts CQS to the next level

In business, the right input, in the right combination, can propel a company seamlessly from one level to the next and enable it to reach new heights.

Which is why Ethos has acquired a stake in specialist financial software company, CQS Technology Holdings (CQS). The investment facilitates the introduction of a 25% shareholding by empowerment partner Kapela Investments, with Ethos and CQS holding the remaining share of the company.

CQS is a leading South African software house specialising in the development and deployment of software products for the audit, risk management and financial reporting markets. The company has an extensive corporate and government client base in a market that is growing significantly, both in South Africa and globally. The transaction is an exciting final investment for the Ethos Technology Fund and an ideal candidate for private equity investment.

CQS has an experienced management team, solid track record, and world-class products and positioning in a growing niche market. Supported by Ethos' proven expertise in business building, the transaction facilitates growth through product and market expansion, while seeking out value enhancing acquisitions and alliances; taking an already successful company to the next level.

The transaction once again affirms Ethos' ability to identify strong businesses with excellent growth prospects and facilitate meaningful empowerment.

Our proven track record of partnering founder managers enables Ethos to pinpoint and unlock value where others can't.