M&A Deal Summary

Imperial Acquires J&J Africa

On July 29, 2021, Imperial acquired transportation company J&J Africa from The Carlyle Group, RLJ Equity Partners, Ethos Private Equity and Investec

Acquisition Highlights
  • This is Imperial’s 3rd transaction in the Transportation sector.
  • This is Imperial’s 1st transaction in Mozambique.

M&A Deal Summary

Date 2021-07-29
Target J&J Africa
Sector Transportation
Buyer(s) Imperial
Sellers(s) The Carlyle Group
RLJ Equity Partners
Ethos Private Equity
Investec
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Imperial

Bedfordview, South Africa

Category Company
Sector Transportation
DESCRIPTION

Imperial is an African focused provider of integrated market access and logistics solutions. Imperial focuses on the following industries, healthcare, consumer, automotive, chemicals, industrial and commodities. Imperial seeks out to leverage new technology to deliver innovative, end-to-end solutions for customers. Imperial is based in Bedfordview, South Africa.


DEAL STATS #
Overall 4 of 4
Sector: Transportation M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Mozambique M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Palletways Group

Lichfield, United Kingdom

Palletways Group is a provider of less-than-full load palletised freight logistics. Palletways contracts with approximately 250 independent delivery businesses (members) to organise and distribute small consignment loads of palletised freight.

Buy £163M

Seller(S) 4

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 424 of 488
Sector: Transportation M&A 12 of 15
Type: Add-on Acquisition M&A Deals 181 of 202
Country: Mozambique M&A 1 of 1
Year: 2021 M&A 16 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 LiveU

Hackensack, New Jersey, United States

LiveU is the pioneer of a bonded cellular technology-based live video transmission platform, offered to major live broadcast news networks and sports content owners globally. LiveU's technology enables customers to apply innovation and automation to the entire production workflow. LiveU was founded in 2006 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-07 Schaltbau Holding

Munich, Germany

Schaltbau Holding, specializing in DC power and providing products and solutions that that enable electrification. With a broad portfolio of contactors, connectors, switches, and safety components, Schaltbau helps partners and customers solve today’s challenges in rail, energy, and e-mobility. Schaltbau Holding is based in Munich, Germany.

Buy €584M
SELLER

RLJ Equity Partners

Bethesda, Maryland, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $10 to $30 million per transaction in companies valued between $25 and $100 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 8 of 11
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Mozambique M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Flow Service Partners

Mount Juliet, Tennessee, United States

Flow Service Partners is a provider of essential services including heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services in Florida and Indiana. Flow Service Partners was founded in 2021 and is based in Mount Juliet, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Ogle School

Arlington, Texas, United States

Ogle School is a provider of cosmetology and esthetics career education in Texas. It operates eight campuses with superior graduation and job placement outcomes; phenomenal, long-established brand equity; and an exemplary compliance record. Ogle School was founded in 1973 and is based in Arlington, Texas.

Buy -
SELLER

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 24 of 25
Sector: Transportation M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 13
Country: Mozambique M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Optasia

Dubai, United Arab Emirates

Optasia is a FinTech and data analytics company that works together with over 27 mobile network operators in over 30 countries globally. It serves over 650 million people globally and lends more than US$5 million daily to its customers. Optasia was founded in 2012 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 IHS

London, United Kingdom

IHS is an independent owner, operator, and developer of shared telecommunications infrastructure in the world. IHS provides mission-critical telecommunications infrastructure to customers, most of whom are leading MNOs, who in turn provide wireless voice and data services to their end-users. IHS was founded in 2001 and is based in London, England.

Sell -
SELLER

Investec

Sandton, South Africa

Category Company
Founded 1974
Sector Financial Services
Employees7,900
Revenue 2.1B GBP (2025)
DESCRIPTION

Investec is an international specialist bank and asset manager providing a diverse range of financial products and services to a niche client base across three principal markets: the United Kingdom, South Africa and Australia. Investec focuses on delivering distinctive and profitable solutions for clients in three core areas of activity – asset management, wealth and investment, and specialist banking. Investec was founded in 1974 and is based in Sandton, South Africa.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Mozambique M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 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.

Buy -