M&A Deal Summary

ACTOM Acquires Savcio Holdings

On February 13, 2012, ACTOM acquired business services company Savcio Holdings from Aka Capital, Ethos Private Equity, Actis Capital and Old Mutual Private Equity

Acquisition Highlights
  • This is ACTOM’s 1st transaction in the Business Services sector.
  • This is ACTOM’s 1st transaction in South Africa.

M&A Deal Summary

Date 2012-02-13
Target Savcio Holdings
Sector Business Services
Buyer(s) ACTOM
Sellers(s) Aka Capital
Ethos Private Equity
Actis Capital
Old Mutual Private Equity
Deal Type Add-on Acquisition

Target

Savcio Holdings

Bedfordview, South Africa
SAVCIO is the largest privately-owned provider of maintenance and repair services for rotating electrical equipment and transformers in Africa.

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Buyer(S) 1

Buyer

ACTOM

Boksburg, South Africa

Category Company
Sector Manufacturing
DESCRIPTION

ACTOM is the largest manufacturer, solution provider, repairer, maintainer, and distributor of electro-mechanical equipment in Africa, offering a winning and balanced combination of manufacturing, service, repairs, maintenance, projects, and distribution through its 33 outlets throughout Sub-Saharan Africa.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 ACTOM - Low-Voltage Electrical Business

Johannesburg, South Africa

ACTOM - Low-Voltage Electrical Business is a manufacturer and supplier of motor control components, engineered electrical distribution systems and uninterruptible power supply systems.

Sell -

Seller(S) 4

SELLER

Aka Capital

Johannesburg, South Africa

Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Aka Capital is a South African private equity firm that seeks to acquire companies and take an active role in building portfolio company value. Aka Capital was formed in 2001 and is based in Bryanston, South Africa.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: South Africa M&A 1 of 3
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-04 Protea Hospitality Holdings

Western Cape, South Africa

Protea Hotels is a hotel group in Africa with an extensive footprint; more than 116 hotels throughout South Africa and six other African countries, including Zambia, Nigeria, Namibia, Malawi, Uganda and Tanzania. The company was founded in 1984 and has grown its portfolio and brands since. The group comprises of two brands, namely the mid-up market Protea Hotels (including the lifestyle brand Protea Hotel Fire & Ice!) brand and the superior deluxe African Pride Hotels, Lodges and Country Houses brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 Protea Hospitality Holdings

Western Cape, South Africa

Protea Hotels is a hotel group in Africa with an extensive footprint; more than 116 hotels throughout South Africa and six other African countries, including Zambia, Nigeria, Namibia, Malawi, Uganda and Tanzania. The company was founded in 1984 and has grown its portfolio and brands since. The group comprises of two brands, namely the mid-up market Protea Hotels (including the lifestyle brand Protea Hotel Fire & Ice!) brand and the superior deluxe African Pride Hotels, Lodges and Country Houses brand.

Sell $186M
SELLER

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 STATS #
Overall 17 of 25
Sector: Business Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 8 of 13
Country: South Africa M&A 17 of 22
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-27 IHS

London, United Kingdom

IHS is an independent owner, operator, and developer of shared telecommunications infrastructure in the world. IHS provides mission-critical telecommunications infrastructure to customers, most of whom 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, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 ATIO

Johannesburg, South Africa

ATIO is a certified Level 4 Broad-based Black Economic Empowerment (B-BBEE) contributor which on its own entitles ATIO’s customers to claim 100% recognition of their procurement spend with ATIO for their own B-BBEE certification (under “Preferential Procurement”). In addition to this, ATIO has been recognized as a Value-Adding Supplier (VAS). What this ultimately means for ATIO’s customers, is that because they are making use of us, our customers can claim a total of 225% recognition of their procurement spend with ATIO for their own B-BBEE certification.

Sell -
SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 30 of 92
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 15 of 46
Country: South Africa M&A 4 of 12
Year: 2012 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 Grupo Cruzeiro do Sul Educacional

Sao Paulo, Brazil

Grupo Cruzeiro do Sul Educacional offers undergraduate and post-graduate education. Grupo Cruzeiro do Sul Educacional was founded in 1965 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Sandhar

Gurgaon, India

Sandhar provides a range of components for automobile manufacturers and is based in Gurgaon, Haryana.

Sell -
SELLER
DESCRIPTION

Old Mutual Private Equity (OMPE) is private equity arm of South African financial services firm Old Mutual. OMPE is both a fund and direct investor and generally targets opportunities throughout the Southern region of Africa. OMPE looks to invest a minimum of R100 million per transaction and typically seeks to hold investments for a period of 5 to 7 years. Types of transactions include take privates, MBOs, LBOs, growth capital financings, and recapitalization. Old Mutual Private Equity was formed in 2004 and is based in Pinelands, South Africa.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: South Africa M&A 2 of 3
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Shanduka Group

Sandton, South Africa

Shanduka is a leading black-owned and managed investment holding company established in November 2000. Its principal investment activities are categorised under the following: Resources, Financial Services, Property, Energy, Beverages and Strategic Investments.

Sell $245M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-26 Consol Glass

Johannesburg, South Africa

Consol Glass is a manufacturer of glass packaging products on the African continent and operates 7 manufacturing sites (4 in SA, 1 in Kenya, 1 in Nigeria, and 1 in Ethiopia) strategically located in close proximity to customers. Consol Glass was founded in 1946 and is based in Johannesburg, South Africa.

Sell R10.1B