M&A Deal Summary

Ethos Private Equity Acquires Tiger Wheel & Tyre

On January 21, 2008, private equity firm Ethos Private Equity acquired automotive company Tiger Wheel & Tyre

Acquisition Highlights
  • This is Ethos Private Equity’s 2nd transaction in the Automotive sector.
  • This is Ethos Private Equity’s 25th transaction in South Africa.

M&A Deal Summary

Date 2008-01-21
Target Tiger Wheel & Tyre
Sector Automotive
Buyer(s) Ethos Private Equity
Deal Type Going Private

Target

Tiger Wheel & Tyre

Midrand, South Africa
Tiger Wheel & Tyre engages in retailing and wholesale of automotive products. Tiger Wheel & Tyre providing consumers with unparalleled expertise, world-class fitment services, and a wide variety of products from leading, premium brands in wheels, tires, batteries, and accessories all at affordable prices. Tiger Wheel & Tyre was established in 1967 and is based in Midrand, 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 27 of 48
Sector: Automotive M&A 2 of 3
Type: Going Private M&A Deals 4 of 4
Country: South Africa M&A 25 of 42
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-23 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.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-28 Tsebo

Johannesburg, South Africa

Tsebo is an African Integrated Workplace Management Solutions Provider that offers clients reduced costs, risks, and complexities together with increased quality, efficiency, and productivity. Tsebo was founded in 1971 and is based in Johannesburg, South Africa.

Sell -