M&A Deal Summary

Ethos Private Equity Acquires OZZ Industrial

On March 1, 2003, private equity firm Ethos Private Equity acquired metals/mining company OZZ Industrial

Acquisition Highlights
  • This is Ethos Private Equity’s 1st transaction in the Metals/Mining sector.
  • This is Ethos Private Equity’s 16th transaction in South Africa.

M&A Deal Summary

Date 2003-03-01
Target OZZ Industrial
Sector Metals/Mining
Buyer(s) Ethos Private Equity
Deal Type Going Private

Target

OZZ Industrial

Johannesburg, South Africa
Mining and aggregate machinery wear parts manufacturer and exporter.

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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 17 of 48
Sector: Metals/Mining M&A 1 of 1
Type: Going Private M&A Deals 1 of 4
Country: South Africa M&A 16 of 42
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 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

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-04 Cobra Watertech

Krugersdorp, South Africa

Cobra Watertech (Pty) Ltd. manufactures plumbing fittings. It offers taps and mixers; sanitary ware, such as basins, toilet, bidets, urinals, baths, bathroom accessories, and wastes and overflow systems; and shower products, such as shower roses, bath and shower combinations, riser pipes, shower columns, spouts, diverters, hand showers, and shower accessories.

Buy -