M&A Deal Summary

KAP Acquires Safripol

On August 11, 2016, KAP acquired plastics company Safripol from Rockwood Private Equity for 4.1B ZAR

Acquisition Highlights
  • This is KAP’s 1st transaction in the Plastics sector.
  • This is KAP’s 0th largest (disclosed) transaction.
  • This is KAP’s 1st transaction in South Africa.

M&A Deal Summary

Date 2016-08-11
Target Safripol
Sector Plastics
Buyer(s) KAP
Sellers(s) Rockwood Private Equity
Deal Type Add-on Acquisition
Deal Value 4.1B ZAR
Advisor(s) The Valence Group (Financial)

Target

Safripol

Bryanston, South Africa
Safripol (Pty) Ltd. is a manufacturer of Polypropylene. These organic compounds are raw materials in manufacturing plastic packaging and structural materials, demand for which is expected to grow faster than South African GDP. Safripol was established in 1972 and is based in Bryanston, South Africa.

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Buyer(S) 1

Buyer

KAP

Stellenbosch, South Africa

Category Company
Sector Diversified
Employees19,579
Revenue 29.1B ZAR (2024)
DESCRIPTION

KAP is a diversified industrial group consisting of industrial, chemical and logistics businesses. KAP is based in Stellenbosch, South Africa.


DEAL STATS #
Overall 1 of 2
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (South Africa) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 Haogenplast

Kibbutz Haogen, Israel

Haogenplast is involved in the development, design & manufacture of premium quality Pool lining. The company's major capital investments are an advanced 4 layer lamination unit, new state-of-the–art wide width calendaring production line, and all for the purpose of perusing highest level and advanced pool lining range. With a dedicated, well-equipped, in-house R&D department committed to the development of new, cutting-edge products, as such as the StoneFlex, its team works to develop the newest generation of exceptional, innovative products that are designed to meet all needs. Haogenplast was formed in 1944 and is based in Kibbutz Haogen, Israel.

Buy ₪150M

Seller(S) 1

DESCRIPTION

Rockwood Private Equity is a lower middle-market private equity firm that seeks to invest in profitable, mid-sized companies operating in South Africa and neighboring sub-Saharan Africa. Rockwood will consider both controlling and minority equity positions and typically looks to invests R300 million – R1 billion, with a preferred investment size of R750 million. Sectors of interest include manufacturing, business services, and waste management. Rockwood will not invest in primary agriculture, real estate, armaments, tobacco, and mining. Prospective transaction types include MBOs, MBIs, LBOs, carve-outs, secondary buy-outs, take privates, recapitalizations, and growth capital financings. Rockwood Private Equity is based in Gauteng, South Africa


DEAL STATS #
Overall 1 of 2
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 1 of 2
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-24 Kwikspace

Klipriver, South Africa

Kwikspace is a diverse manufacturer of factory-built accommodation in Africa and has been building and exporting a wide variety of units for more than 40 years to many parts of Africa, South America, and the Middle East. The company manufactures modular buildings that are sold either as factory pre-built (mobile) units or delivered and erected by the company on site (panelised), or leased (rental). Kwikspace was established in 1972 and is based in Klipriver, South Africa.

Buy $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 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 R5.3B