Buyout (LBO, MBO, MBI) • Safety/Security

Brait Acquires Gray Security Services

On December 1, 1997, private equity firm Brait acquired safety/security company Gray Security Services

Acquisition Context
  • This is Brait’s 1st transaction in the Safety/Security sector.
  • This is Brait’s 7th transaction in South Africa.
Investment Fate
  • Gray Security Services was sold to a strategic buyer in 2000.

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M&A Deal Summary

Date December 1, 1997
Target Gray Security Services
Sector Safety/Security
Buyer(s) Brait
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Gray Security Services

Cape Town, South Africa
Gray Security Services is an asset protection company. Established in 1980, Gray Security Services has rapidly grown from a small Western Cape based operation into a national guarding services company. The business operates in a number of Southern and Central African countries, as well as in the United Kingdom and Mauritius.
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Buyer Overview 1

Buyer
DESCRIPTION

Brait is an investment holding company focused on realising growth and value creation from its existing portfolio of sizeable, unlisted businesses operating in the broad consumer sector. Brait’s share are primarily listed on the Luxembourg Stock Exchange, with a secondary listing on the JSE. Brait Private Equity was founded in 1991and is located in San Gwann, Malta.


Deal Context for Buyer #
Overall 7 of 22
Sector: Safety/Security 1 of 1
Type: Buyout (LBO, MBO, MBI) 7 of 17
Country: South Africa 7 of 18
Year: 1997 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-01 Kagiso Media

Johannesburg, Illovo Boulevard, South Africa

Kagiso Media Limited, an investment holding company, operates media outlets in the field of regional radio broadcasting and radio airtime sales, information services and solutions, exhibitions and events, and out-of-home advertising. It operates in four segments: Broadcasting, Information Services and Solutions, Outdoor, and Exhibitions and Events. The Broadcasting segment comprises operations in the radio broadcasting and radio advertising sales environment, and research and marketing services.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-01 Franki Africa

Bramley, South Africa

Franki Africa (Pty) Ltd. celebrated its sixtieth year of operating in South Africa in November 2006, making it the oldest geotechnical contracting company in the Southern African region. Franki Africa was originally founded as a branch of Frankipile, a large, Belgium-based, well-renowned, international geotechnical company, which itself was established in 1909. Whilst the ownership of Frankipile changed over the years, the South African operation maintained its steady performance and, in doing so, enhanced and consolidated its reputation as the leader in its field in Southern Africa.

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