M&A Deal Summary

Ethos Private Equity Acquires AutoZone

On January 21, 2016, private equity firm Ethos Private Equity acquired automotive company AutoZone

Acquisition Highlights
  • This is Ethos Private Equity’s 3rd transaction in the Automotive sector.
  • This is Ethos Private Equity’s 36th transaction in South Africa.

M&A Deal Summary
Date 2016-01-21
Target AutoZone
Sector Automotive
Buyer(s) Ethos Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

AutoZone

Johannesburg, South Africa
Autozone is a distributor of auto parts, spares, and car accessories from steering wheels covers, pedal pads, tyre rims, sound systems, and headlight LED replacement globes. AutoZone was established in 1999 and is based in Johannesburg, South Africa.

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Buyer(S) 1

Buyer

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 41 of 48
Sector (Automotive) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 30 of 33
Country (South Africa) 36 of 42
Year (2016) 1 of 2
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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Eazi Access

Waterfall City, South Africa

Eazi Access provides “work-at-height” solutions to various sectors across the economy, through the rental and distribution/sale of mobile, high-access equipment, or Mobile Elevated Work Platforms. Eazi Access was founded in 2003 and is based in Waterfall City, South Africa.

Buy -
Mergr

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