M&A Deal Summary

Bidvest Acquires Brandcorp

On June 17, 2016, Bidvest acquired distribution company Brandcorp from Ethos Private Equity

Acquisition Highlights
  • This is Bidvest’s 1st transaction in the Distribution sector.
  • This is Bidvest’s 2nd transaction in South Africa.

M&A Deal Summary

Date 2016-06-17
Target Brandcorp
Sector Distribution
Buyer(s) Bidvest
Sellers(s) Ethos Private Equity
Deal Type Add-on Acquisition

Target

Brandcorp

Johannesburg, South Africa
Brandcorp is a value added distributor of niche industrial and retail products. The company operates three divisions: Tools & Hardware (trading as Matus), Leisure & Accessories (trading as Interbrand) and House & Home (trading under MIC, Prestige, Decocraft and Moto Quip).

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Buyer(S) 1

Buyer

Bidvest

Johannesburg, South Africa

Category Company
Founded 1988
Sector Distribution
Employees131,326
Revenue 122.6B ZAR (2024)
DESCRIPTION

Bidvest engages in services, trading, and distribution businesses. Bidvest was founded in 1988 and is based in Johannesburg, South Africa.


DEAL STATS #
Overall 4 of 5
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: South Africa M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 NOONAN

Dublin, Ireland

NOONAN is a provider of strategically outsourced services. Our services range from cleaning and security to building services and facilities management. NOONAN was established in 1977 and is based in Dublin, Ireland.

Buy €175M

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 22 of 25
Sector: Distribution M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 13
Country: South Africa M&A 22 of 22
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 CQS Technology Holdings

Johannesburg, South Africa

CQS is a highly differentiated distributor, has a large, blue chip client base whose customers range from audit and financial professionals to listed companies and government bodies. The CQS client footprint extends up into Africa and includes Kenya, Nigeria, Namibia, Botswana, Malawi, Tanzania, Zambia and Uganda. CQS’s solutions include CaseWare® - a leading supplier of software solutions to accountants and auditors worldwide and ACL®, the leading global provider of data analytics and continuous monitoring software.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Little Green Beverage

Johannesburg, South Africa

Little Green Beverage (Pty) Ltd. is a proudly South African company, produces a wide variety of beverages, including carbonated soft drinks, mineral water, mixers and energy drinks (all variants of the Refreshhh! brand) and private label products for leading retailers. The Refreshhh! product range currently comprises of 16 carbonated soft drink flavours with five additional Sugar Free flavours.

Buy -