Ethos Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

Ethos Private Equity’s most common sectors for investment aremanufacturing (13%) and business services (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (69%) and growth capital (15%). In total, Ethos Private Equity has invested in 1 US state and 6 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Alexander Forbes Group Holdings for $1.2B.

In the last 3 years, Ethos Private Equity has exited 1 company. The Firm’s most common exit type is trade sale (50%). Ethos Private Equity’s largest (disclosed) exit occurred in 2019 when it sold Eaton Towers for $1.9B.

Join Mergr to view Ethos Private Equity’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity72
    • M&A Buy Activity48
    • M&A Sell Activity24
  • Total Sectors Invested 21
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 23
  • M&A Advisors 1

Ethos Private Equity

35 Fricker Road,
Illovo, 02196
South Africa
+27 (11) 328 7400
www.ethos.co.za
cwilkinson@ethos.co.za

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.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Consumer Services, Distribution, Electronics, Engineering, Financial Services, Food, Infrastructure, Insurance, Leisure, Machinery, Manufacturing, Media, Metals/Mining, Publishing, Retail, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: Africa

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 97 380
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 48 - - - - - 48
vol $1.6B $1.6B
Sell (0.2/yr) # 23 - 1 - - - 24
vol $2.5B $2.5B
  72

Most Recent M&A

Company Date Value Type
IHS Holding Ltd. 2021-10-14 - IPO
London, United Kingdom · www.ihstowers.com
Channel VAS DMCC 2019-09-23 - Growth Capital
Dubai, United Arab Emirates · www.channelvas.com
Tyme Bank Ltd. 2019-06-10 - Growth Capital
Johannesburg, South Africa · www.tymebank.co.za
Eaton Towers Ltd. 2019-05-30 1.9B USD Trade Sale
London, United Kingdom · www.eatontowers.com
Vertice MedTech 2018-11-06 - Growth Capital
Pretoria, South Africa · www.verticemedtech.com
gammaTEK SA Pty Ltd. 2018-10-04 - Buyout (LBO, MBO, MBI)
Johannesburg, South Africa · www.gammatek.co.za
Echo Service Provider 2018-02-28 - Growth Capital
Sandton, South Africa · www.echosp.co.za
Little Green Beverage (Pty) Ltd. 2017-04-24 - Buyout (LBO, MBO, MBI)
Johannesburg, South Africa · www.refreshhh.co.za
Brandcorp (Pty) Ltd. 2016-06-17 - Trade Sale
Johannesburg, South Africa · www.brandcorp.co.za
CQS Technology Holdings 2016-01-27 - Trade Sale
Johannesburg, South Africa · www.cqs.co.za
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 2 (13%) - 6 (13%) 98M (6%)
Manufacturing 1 (6%) 98M (41%) 6 (13%) 98M (6%)
Financial Services 2 (13%) - 5 (10%) 37M (2%)
Communications 1 (6%) - 4 (8%) -
Distribution 1 (6%) - 4 (8%) -
Automotive 1 (6%) - 3 (6%) -
Food - - 3 (6%) -
Transportation 2 (13%) - 3 (6%) -
Information Technology 1 (6%) - 2 (4%) -
Insurance - - 1 (2%) 1.2B (76%)
Packaging 1 (6%) 143M (59%) 1 (2%) 143M (9%)
Apparel/Textiles 1 (6%) - 1 (2%) -
Beverages 1 (6%) - 1 (2%) -
Consumer Products 1 (6%) - 1 (2%) -
Consumer Services - - 1 (2%) -
Electronics - - 1 (2%) -
Media - - 1 (2%) -
Medical Products 1 (6%) - 1 (2%) -
Metals/Mining - - 1 (2%) -
Software - - 1 (2%) -
Test/Measurement Equipment - - 1 (2%) -
Total 16 $241M 48 $1.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
South Africa 14 (88%) 241M (100%) 42 (88%) 1.5B (100%)
United Kingdom - - 2 (4%) -
Mozambique 1 (6%) - 1 (2%) -
United Arab Emirates 1 (6%) - 1 (2%) -
United States - - 1 (2%) -
  California - - 1 (2%) -
Somalia - - 1 (2%) -
Domestic 14 (88%) 241M (100%) 42 (88%) 1.5B (100%)
Cross-border 2 (13%) - 6 (13%) -
Total 16 $241M 48 $1.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 8 (50%) 98M (41%) 33 (69%) 135M (9%)
Growth Capital 5 (31%) - 7 (15%) -
Going Private - - 4 (8%) 1.2B (81%)
Secondary Buyout 2 (13%) - 3 (6%) -
Divestiture 1 (6%) 143M (59%) 1 (2%) 143M (10%)
Total 16 $241M 48 $1.5B

Exits by Deal Type

Type Total # Value
Trade Sale 11 (46%) 95M (4%)
Secondary Sale 5 (21%) 415M (17%)
Trade Sale - Public Company 4 (17%) 1.9B (75%)
IPO 3 (13%) 99M (4%)
Sold to Management 1 (4%) -
Total 24 $2.5B

Top M&A Advisors

Legal Deals
Norton Rose Fulbright
1

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 1 $143M
< $100M 3 $233M
TOTAL $1.6B
Largest Alexander Forbes Group Holdings Ltd.
$1.2B (2007-08-23)
sell # Total
> $1B 1 $1.9B
$100M to $1B 1 $407M
< $100M 4 $202M
TOTAL $2.5B
Largest Eaton Towers Ltd.
$1.9B (2019-05-30)

M&A Connections

Deals
Acquired from
Investor(s)
6%
3 (6%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
17%
4 (17%)
Strategic(s)
50%
12 (50%)

FAQ

When was Ethos Private Equity founded?

Ethos Private Equity was founded in 1984.

What type of investor is Ethos Private Equity?

Ethos Private Equity is a private equity firm.

Where is Ethos Private Equity headquartered?

Ethos Private Equity is headquartered in Illovo, South Africa.

How much capital does Ethos Private Equity have under management?

Ethos Private Equity has 1.2B USD under management.

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