M&A Deal Summary

Medu Capital Acquires Elite Truck Hire

On March 1, 2016, private equity firm Medu Capital acquired transportation company Elite Truck Hire

Acquisition Highlights
  • This is Medu Capital’s 1st transaction in the Transportation sector.
  • This is Medu Capital’s 6th transaction in South Africa.

M&A Deal Summary

Date 2016-03-01
Target Elite Truck Hire
Sector Transportation
Buyer(s) Medu Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Elite Truck Hire

Johannesburg, South Africa
Elite Truck Hire (Pty) Ltd. is a provider of truck and forklift hire services, as well as long haul distance transport services. Elite Truck Hire is based in Johannesburg, South Africa.

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Buyer(S) 1

Buyer

Medu Capital

Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 2.0B ZAR
Size Small
Type Sector Agnostic
DESCRIPTION

Medu Capital is a private equity firm focused on investing in profitable middle-market South African companies. Medu does not have any sector preferences and seeks to invest 50 to 200 million ZAR per transaction. Medu will consider both minority or majority positions. Medu Capital is based in Johannesburg.


DEAL STATS #
Overall 7 of 9
Sector: Transportation M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
Country: South Africa M&A 6 of 8
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Universal Coatings

Randburg, South Africa

Universal Coatings (Pty) Ltd. manufactures and supplies decorative paint and coatings. 16 dedicated factory outlets in Gauteng are the sole suppliers of Universal’s products, thereby eliminating the costly middleman and high retail overheads. Universal Coatings was founded in 1982 and is based in Randburg, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Hero Telecoms

Stellenbosch, South Africa

Hero Telecoms (Pty) Ltd. is a provider of wireless internet services to South Africans. Hero Telecoms is based in Stellenbosch.

Buy -