M&A Deal Summary

African Infrastructure Investment Managers Acquires CCS Logistics

On October 4, 2022, infrastructure investor African Infrastructure Investment Managers acquired transportation company CCS Logistics from Oceana Group for 760M ZAR

Acquisition Highlights
  • This is African Infrastructure Investment Managers’ 3rd transaction in the Transportation sector.
  • This is African Infrastructure Investment Managers’ largest (disclosed) transaction.
  • This is African Infrastructure Investment Managers’ 2nd transaction in South Africa.

M&A Deal Summary

Date 2022-10-04
Target CCS Logistics
Sector Transportation
Buyer(s) African Infrastructure Investment Managers
Sellers(s) Oceana Group
Deal Type Divestiture
Deal Value 760M ZAR

Target

CCS Logistics

Cape Town, South Africa
CCS Logistics provides cold-chain warehousing and logistics services, offering temperature-controlled storage, blast freezing, bonded warehousing, container de-stuffing, palletisation, and multi-temperature storage for perishable foods and other temperature-sensitive goods. CCS Logistics was founded in 1971 and is based in Cape Town, South Africa.

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Buyer(S) 1

DESCRIPTION

African Infrastructure Investment Managers is an infrastructure focused investment firm. The Firm seeks a variety of situations where it can improve local communities. Prospective assets exhibit high barriers to entry, predictable cash flows, and low demand elasticity. African Infrastructure Investment Managers is based in Cape Town, South Africa.


DEAL STATS #
Overall 9 of 12
Sector: Transportation M&A 3 of 4
Type: Divestiture M&A Deals 1 of 1
Country: South Africa M&A 2 of 3
Year: 2022 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 TLG

Paarl, South Africa

TLG is an integrated logistics and supply-chain services provider. The Company manages port terminals, bulk and break-bulk cargo, containers, warehousing, cold-chain facilities, road and rail transport, and end-to-end logistics for sectors including mining, agriculture, manufacturing, and shipping. TLG was founded in 2018 and is based in Paarl, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 N+ONE Datacenters

Casablanca, Morocco

N+ONE Datacenters provides carrier-neutral data-center and cloud services offers colocation, managed hosting, private/hybrid cloud infrastructure, turnkey data-centre builds, business-continuity solutions and managed connectivity/security services for enterprises of varying sizes. N+ONE Datacenters was founded in 2008 and is based in Casablanca, Morocco.

Buy -

Seller(S) 1

SELLER

Oceana Group

Cape Town, South Africa

Category Company
Founded 1918
Sector Food
Employees2,319
Revenue 10.1B ZAR (2024)
DESCRIPTION

Oceana Group is a fishing company. Oceana fishing business is the catching, processing, marketing and distribution of canned fish, fishmeal and fish oil, horse mackerel and hake, lobster and squid. Oceana Group was founded in 1918 and is based in Cape Town, South Africa.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: South Africa M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 Lamberts Bay Foods

Lamberts Bay, South Africa

Lamberts Bay Foods Ltd. is a fries and other value added potato products manufacturer. LBF was established in 1995 and is headquartered in Lamberts Bay, South Africa.

Sell -