Buyout (LBO, MBO, MBI) • Food

Ethos Private Equity Acquires Foodcorp Pty

On January 1, 1999, private equity firm Ethos Private Equity acquired food company Foodcorp Pty

Acquisition Context
  • This is Ethos Private Equity’s 3rd transaction in the Food sector.
  • This is Ethos Private Equity’s 12th transaction in South Africa.
Investment Fate
  • Foodcorp Pty was sold to a consortium of financial buyers in 2004.
  • Foodcorp Pty was sold to a strategic buyer in 2013.

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M&A Deal Summary

Date January 1, 1999
Target Foodcorp Pty
Sector Food
Buyer(s) Ethos Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Foodcorp Pty

Bryanston, South Africa
Foodcorp (Pty) Ltd is the holding company for a group of businesses engaged primarily in the production, marketing and distribution of food.
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Buyer Overview 1

Buyer

Ethos Private Equity

Illovo, South Africa

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 Context for Buyer #
Overall 13 of 48
Sector: Food 3 of 3
Type: Buyout (LBO, MBO, MBI) 13 of 33
Country: South Africa 12 of 42
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Idwala Industrial

Honeydew, South Africa

Idwala Industrial is a vertically integrated supplier of lime and industrial minerals, predominantly comprising calcitic burnt lime from its main lime operations situated in Danielskuil in the Northern Cape, and calcium carbonate from its Carbonates operations in Port Shepstone, KwaZulu-Natal. The mining and production businesses are supported by their respective sales and distribution arms and a corporate head office in Bryanston. Idwala Industrial was founded in 1998 and is based in Honeydew, South Africa.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Tsebo

Johannesburg, South Africa

Tsebo is an African Integrated Workplace Management Solutions Provider that offers clients reduced costs, risks, and complexities together with increased quality, efficiency, and productivity. Tsebo was founded in 1971 and is based in Johannesburg, South Africa.

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