M&A Deal Summary

Rockwood Private Equity Acquires EnviroServ

On November 5, 2008, private equity firm Rockwood Private Equity acquired environmental company EnviroServ for 261M USD

Acquisition Highlights
  • This is Rockwood Private Equity’s 1st transaction in the Environmental sector.
  • This is Rockwood Private Equity’s largest (disclosed) transaction.
  • This is Rockwood Private Equity’s 4th transaction in South Africa.

M&A Deal Summary

Date 2008-11-05
Target EnviroServ
Sector Environmental
Buyer(s) Rockwood Private Equity
Deal Type Going Private
Deal Value 261M USD

Target

EnviroServ

Germiston, South Africa
EnviroServ provides its customers with total service solutions and environmental peace of mind, whilst raising the standards in environmental stewardship. EnviroServ was established in 1945 and is based in Germiston, South Africa.

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Buyer(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 4 of 5
Sector (Environmental) 1 of 1
Type (Going Private) 1 of 2
Country (South Africa) 4 of 5
Year (2008) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-28 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 -
FOLLOWING 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