M&A Deal Summary

NUMSA Investment Company Acquires Doves Group

On January 1, 2006, NUMSA Investment Company acquired consumer services company Doves Group from Ethos Private Equity

Acquisition Highlights
  • This is NUMSA Investment Company’s 1st transaction in the Consumer Services sector.
  • This is NUMSA Investment Company’s 1st transaction in South Africa.

M&A Deal Summary

Date 2006-01-01
Target Doves Group
Sector Consumer Services
Buyer(s) NUMSA Investment Company
Sellers(s) Ethos Private Equity
Deal Type Add-on Acquisition

Target

Doves Group

Durbanville, South Africa
The Doves Group as one of the largest funeral directing companies in Southern Africa is a major role player in the progressive development of the funeral industry in this part of the world. As a founder member of the National Funeral Directors Association (NFDA) and the Funeral Federation of South Africa (FFSA) it has influenced the present day structure of the industry.

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Buyer(S) 1

DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

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 10 of 25
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 13
Country: South Africa M&A 10 of 22
Year: 2006 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Savcio Holdings

Bedfordview, South Africa

SAVCIO is the largest privately-owned provider of maintenance and repair services for rotating electrical equipment and transformers in Africa.

Buy R1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-16 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.

Sell R5.4B