M&A Deal Summary

Ethos Private Equity Acquires Universal Industries

On October 13, 2011, private equity firm Ethos Private Equity acquired manufacturer Universal Industries for 1.3B ZAR

Acquisition Highlights
  • This is Ethos Private Equity’s 6th transaction in the Manufacturing sector.
  • This is Ethos Private Equity’s 2nd largest (disclosed) transaction.
  • This is Ethos Private Equity’s 30th transaction in South Africa.

M&A Deal Summary
Date 2011-10-13
Target Universal Industries
Sector Manufacturing
Buyer(s) Ethos Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.3B ZAR

Target

Universal Industries

Kyasand, South Africa
website
Universal Industries Corporation Ltd ("Universal"), which listed on 29 Nov 2007 on the main Bourse of the Johannesburg Stock Exchange, is an industrial holding company for SA’s leading suppliers.

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Buyer(S) 1

Buyer

Ethos Private Equity

Illovo, South Africa

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ethos Private Equity is a private equity investor that targets opportunities in South Africa. Ethos looks for stable businesses valued between $15 and $100 million US. Target transactions include divestitures of non-core assets, sector consolidations, development of family owned businesses, growth financings, and turnarounds. Ethos was formed in 1984 and is based in Johannesburg, South Africa.

DEAL STATS #
Overall 32 of 48
Sector (Manufacturing) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 27 of 33
Country (South Africa) 30 of 42
Year (2011) 2 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 Holdsport

Cape Town, South Africa

Holdsport has always been associated with South Africans' love of sport and the outdoors. Its history dates back to 1986 when the first Sportsmans Warehouse was opened in Rondebosch. As the first superstore it was dedicated to the active sporting retail enthusiast and it specialised in providing customers with quality branded merchandise at competitive prices. Holdsport now has 53 stores nationally and one in Namibia.

Sell $99M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-27 IHS

London, United Kingdom

IHS is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world. IHS provides mission-critical telecommunications infrastructure to customers, most of who are leading MNOs, who in turn provide wireless voice and data services to their end-users. IHS was founded in 2001 and is based in London, the United Kingdom.

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