Ethos private equity supports expansion plans for mobile messaging provider

Private equity firm Ethos, being Clickatell’s largest institutional investor, has been instrumental in supporting Clickatell’s expansion plans in Africa and abroad.
“We are committed to working closely with the management of our investee companies to support them with their strategic and growth ambitions. We have supported Clickatell in their strategic, marketing and business development activities [...]

Ethos Private Equity invests in Idwala Industrial Holdings, RMB exit

Ethos Private Equity has led a joint bid culminating in Ethos and Old Mutual Private Equity investing in Idwala Industrial Holdings Ltd. Tiso Group and Idwala management will remain invested in Idwala alongside Ethos and Old Mutual, while RMB Ventures is exiting their four year investment.

Absa Capital Private Equity buys EnviroServ in private equity deal

This is considered to be the Largest local private to public transaction this year. A consortium led by Absa Capital Private Equity has acquired leading South African waste management group EnviroServ Holdings Limited, in a transaction valued at ZAR 1.9bn. The deal is reportedly the largest public-to- private transaction in South Africa this year.

Nedbank Capital and Medu Capital conclude a management buy-out of SARCO

Based in Gauteng, SARCO is Africa’s only producer of steel rolls and sleeves to major steel producing companies world-wide. The company has the benefit of in depth knowledge of the local market and enjoys a relatively lower cost production. SARCO has established itself as a reliable quality supplier to first-tier steel global producers.

Absa Capital boosts Investments Team

In line with their objective to attract the best talent available in investment banking, Absa Capital today announced three appointments to further boost their Investor Services and Equity Investments team. Both the Infrastructure Equity Investments and Private Equity businesses will benefit from the appointments.
Thando Mhlambiso has been appointed as Managing Principal to head up [...]

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SA Private Equity gains confidence

South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

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