M&A Deal Summary

Ethos Private Equity Acquires Waco International

On July 12, 2012, private equity firm Ethos Private Equity acquired business services company Waco International from CCMP Capital and Unitas Capital

Acquisition Highlights
  • This is Ethos Private Equity’s 6th transaction in the Business Services sector.
  • This is Ethos Private Equity’s 31st transaction in South Africa.

M&A Deal Summary

Date 2012-07-12
Target Waco International
Sector Business Services
Buyer(s) Ethos Private Equity
Sellers(s) CCMP Capital
Unitas Capital
Deal Type Secondary Buyout

Target

Waco International

Johannesburg, South Africa
Waco International is an equipment rental and industrial services business with operations in Africa, Australasia, and the United Kingdom. Waco International was established in 1952 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 34 of 48
Sector: Business Services M&A 6 of 7
Type: Secondary Buyout M&A Deals 1 of 3
Country: South Africa M&A 31 of 42
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 ATIO

Johannesburg, South Africa

ATIO is a certified Level 4 Broad-based Black Economic Empowerment (B-BBEE) contributor which on its own entitles ATIO’s customers to claim 100% recognition of their procurement spend with ATIO for their own B-BBEE certification (under “Preferential Procurement”). In addition to this, ATIO has been recognized as a Value-Adding Supplier (VAS). What this ultimately means for ATIO’s customers, is that because they are making use of us, our customers can claim a total of 225% recognition of their procurement spend with ATIO for their own B-BBEE certification.

Sell -
FOLLOWING 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 -

Seller(S) 2

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 58 of 79
Sector: Business Services M&A 7 of 9
Type: Secondary Buyout M&A Deals 16 of 23
Country: South Africa M&A 1 of 1
Year: 2012 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-21 AMC

Leawood, Kansas, United States

AMC is a theatrical exhibition company. The Company operates more then 400 locations across North America and China. AMC was incorporated in 1920 and is based in Leawood, Kansas.

Sell $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-19 Ollie s Bargain

Harrisburg, Pennsylvania, United States

Ollie's Bargain operates of a chain of retail stores that offers deeply discounted and closeout brand-name merchandise across a broad selection of product categories, including books, carpet, domestics and housewares. Ollie's Bargain Outlet was founded in 1982 and is based in Harrisburg, Pennsylvania.

Buy -
SELLER

Unitas Capital

Hong Kong, China

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 10 of 13
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: South Africa M&A 1 of 1
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-13 NEPA

Seoul, South Korea

NEPA is an outdoor player which designs and manufactures a full line of outdoor apparel and equipment under its proprietary NEPA brand. NEPA also distributes its products through over 300 exclusive stores. NEPA was founded in 2012 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 ZNV

Shenzhen, China

ZNV is a surveillance and monitoring solution provider in China, providing integrated power and environmental monitoring systems and video surveillance solutions to domestic Chinese and international customers in a variety of industries including telecom operators, public securities, power and energy, transportation, etc. ZNV was formed in 2005 and is based in Shenzhen, China.

Buy $200M