Investment Summary |
|
|---|---|
| Date | 2017-09-06 |
| Target | Ceramic Industries |
| Sector | Building Materials |
| Investor(s) | Italtile |
| Sellers(s) | Aka Capital |
| Deal Type | Merger |
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Italtile Limited is a retailer and manufacturer of tiles, bathroomware and related products. The Group operates as a national franchisor of its three high profile retail brands, Italtile Retail, CTM and TopT. The retail operations are underpinned by an extensive property portfolio and a vertically integrated supply chain comprising International Tap Distributors (an importer and distributor of brassware and accessories), and Cedar Point, (an importer of shower enclosures, laminated boards, cabinets, sanitaryware, décor and tiling tools). The Group holds controlling interests in both businesses.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Building Materials M&A | 1 of 1 |
| Type: Merger M&A Deals | 1 of 1 |
| Country: South Africa M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| Size | Small |
| Type | Sector Agnostic |
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 | 3 of 3 |
| Sector: Building Materials M&A | 1 of 1 |
| Type: Merger M&A Deals | 1 of 1 |
| Country: South Africa M&A | 3 of 3 |
| Year: 2017 M&A | 1 of 1 |
| 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 |
