M&A Deal Summary

Ethos Private Equity Acquires Cummins Diesel Sales & Service

On January 1, 1993, private equity firm Ethos Private Equity acquired distribution company Cummins Diesel Sales & Service

Acquisition Highlights
  • This is Ethos Private Equity’s 1st transaction in the Distribution sector.
  • This is Ethos Private Equity’s 2nd transaction in South Africa.
Investment Fate
  • Cummins Diesel Sales & Service was sold to a strategic buyer in 2001.

M&A Deal Summary

Date 1993-01-01
Target Cummins Diesel Sales & Service
Sector Distribution
Buyer(s) Ethos Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Cummins Diesel Sales & Service

Freestate, South Africa
Cummins Diesel Sales & Service is a distributor of Cummins Engine parts and services in 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 2 of 48
Sector: Distribution M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 33
Country: South Africa M&A 2 of 42
Year: 1993 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Prowalco Pty

Johannesburg, South Africa

Prowalco was into the business of Import & distribution of diesel engines and fuel pumps. Prowalco exited the Cummins Diesel business by international trade sale to Cummins Incorporated

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Kagiso Khulani Supervision Food Services

KwaZulu-Natal, Somalia

Sector: Food – contract catering

Buy -