M&A Deal Summary

Phatisa Group Acquires Kanu Equipment

On March 14, 2018, private equity firm Phatisa Group acquired machinery company Kanu Equipment

Acquisition Highlights
  • This is Phatisa Group’s 1st transaction in the Machinery sector.
  • This is Phatisa Group’s 1st transaction in South Africa.
Investment Fate
  • Kanu Equipment was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2018-03-14
Target Kanu Equipment
Sector Machinery
Buyer(s) Phatisa Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Kanu Equipment

Johannesburg, South Africa
Kanu Equipment is a pan-African heavy equipment dealer, lessor and maintenance service provider. Kanu’s subsidiaries operate in 13 countries throughout Southern, Eastern & Western Africa. Kanu Equipment is among the biggest dealers for Bell Equipment and Liebherr. Kanu Equipment was founded in 2012 and is based in Johannesburg, South Africa.

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Buyer(S) 1

Buyer

Phatisa Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 216M USD
Size Small
Type Sector Focused
DESCRIPTION

Phatisa is an African private equity fund manager that invests across the food value chain with a focus on creating returns as well as meaningful, positive social impact in sub?Saharan Africa. Phatisa Group was formed in 2005 and is based in Bambou, Mauritius.


DEAL STATS #
Overall 2 of 9
Sector: Machinery M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
Country: South Africa M&A 1 of 3
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Goldenlay

Luanshya, Zambia

Goldenlay is a producer, supplier, and distributor of table eggs. Goldenlay was formed in 2016 and is headquartered in Luanshya, Zambia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Kanu Equipment

Johannesburg, South Africa

Kanu Equipment is a pan-African heavy equipment dealer, lessor and maintenance service provider. Kanu’s subsidiaries operate in 13 countries throughout Southern, Eastern & Western Africa. Kanu Equipment is among the biggest dealers for Bell Equipment and Liebherr. Kanu Equipment was founded in 2012 and is based in Johannesburg, South Africa.

Sell -