M&A Deal Summary

Ethos Private Equity and Development Partners International Acquire RTT

On July 1, 2014, private equity firms Ethos Private Equity and Development Partners International acquired transportation company RTT from Actis Capital

Acquisition Highlights
  • This is Ethos Private Equity’s 3rd and Development Partners International’s 1st transaction in the Transportation sector.
  • This is Ethos Private Equity’s 32nd and Development Partners International’s 1st transaction in South Africa.

M&A Deal Summary

Date 2014-07-01
Target RTT
Sector Transportation
Buyer(s) Ethos Private Equity
Development Partners International
Sellers(s) Actis Capital
Deal Type Secondary Buyout

Target

RTT

Boksburg, South Africa
RTT is a provider of third-party logistics and distribution services, and a forerunner in breakbulk and express distribution, with a footprint that spans sub-Saharan Africa through extensive warehousing and cross-docking facilities. RTT was founded in 1980 and is based in Boksburg, South Africa.

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Buyer(S) 2

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 36 of 48
Sector: Transportation M&A 3 of 3
Type: Secondary Buyout M&A Deals 2 of 3
Country: South Africa M&A 32 of 42
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 J&J Africa

Beira, Mozambique

J&J Africa is a transporter and logistics provider specializing in reliable and efficient international transportation along the Beira Corridor. J&J also offers state of the art warehouse facilities for the handling of bulk and container cargo. J&J Africa was established in 1995 and is based in Beira, Mozambique.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Alexander Forbes

Sandton, South Africa

Alexander Forbes is an insurance broker, asset multi-manager, and financial services company that impacts people’s lives by delivering insight and advice to individuals, employers, and retirement funds. Alexander Forbes was founded in 1935 and is based in Sandton, South Africa.

Sell -
Buyer
DESCRIPTION

Development Partners International is a private equity group focused on investment opportunities across Africa. The Firm targets companies that benefit from the fast-growing emergence of the middle-class. Sectors of interest include communications, financial services, retail, education, and Consumer durables. Development Partners International was established in 2007 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 5 of 22
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: South Africa M&A 1 of 2
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Universite Privee de Marrakech

Marrakech, Morocco

Universite Privee de Marrakech is a multi-disciplinary private higher education platform. Universite Privee de Marrakech was founded in 2005 and is based in Marrakech, Morocco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 HomeChoice

Cape Town, South Africa

HomeChoice is a credit-enabled home shopping retailer selling homeware merchandise and financial services products to the rapidly expanding urban middle-income mass market in southern Africa. HomeChoice also provides consumer credit and insurance products. HomeChoice was founded in 1985 and is based in Cape Town, South Africa.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 45 of 92
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 17
Country: South Africa M&A 6 of 12
Year: 2014 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 AES

Arlington, Virginia, United States

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES was founded in 1981 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Alexander Forbes

Sandton, South Africa

Alexander Forbes is an insurance broker, asset multi-manager, and financial services company that impacts people’s lives by delivering insight and advice to individuals, employers, and retirement funds. Alexander Forbes was founded in 1935 and is based in Sandton, South Africa.

Sell -