M&A Deal Summary

Apollo Tyres Acquires Dunlop Tyres International

On April 24, 2006, Apollo Tyres acquired manufacturer Dunlop Tyres International from Ethos Private Equity for 290M INR

Acquisition Highlights
  • This is Apollo Tyres’ 1st transaction in the Manufacturing sector.
  • This is Apollo Tyres’ largest (disclosed) transaction.
  • This is Apollo Tyres’ 1st transaction in South Africa.

M&A Deal Summary

Date 2006-04-24
Target Dunlop Tyres International
Sector Manufacturing
Buyer(s) Apollo Tyres
Sellers(s) Ethos Private Equity
Deal Type Add-on Acquisition
Deal Value 290M INR

Target

Dunlop Tyres International

Durban,KwaZulu-Natal, South Africa
Dunlop is one of the most iconic and recognisable tyre brands in the world, with an unbroken history going back over 120 years. Dunlop has a proud history of developing quality products, setting new motorsport milestones, and pioneering ground breaking innovations in vehicle safety and performance.

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Buyer(S) 1

Buyer

Apollo Tyres

Gurgaon, India

Category Company
Founded 1972
Sector Automotive
Employees15,000
DESCRIPTION

Apollo Tyres Ltd. is a manufacturer and marketer of automotive tires and tubes.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: South Africa M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Apollo Tyres South Africa

Durban, South Africa

Apollo Tyres South Africa (Pty) Ltd. engages in production and sale of tires for automobiles, light trucks, trucks and buses in South Africa and internationally.

Sell $60M

Seller(S) 1

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 12 of 25
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 13
Country: South Africa M&A 12 of 22
Year: 2006 M&A 3 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Plumblink SA

The Woodlands, South Africa

Plumblink is the merchant of plumbing material and sanitaryware through 23 stores in 7 regions in South Africa, and trades under the brand names of Plumblink and Bathrooms By Design. The business, aimed at middle to upper markets, is broken down into three primary areas: the retail market, the contracting market and the maintenance market.

Buy -