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M&A Deal Summary

Rockwood Private Equity Acquires Kwikspace

On February 24, 2009, private equity firm Rockwood Private Equity acquired building materials company Kwikspace for 68M USD

Acquisition Highlights
  • This is Rockwood Private Equity’s 1st transaction in the Building Materials sector.
  • This is Rockwood Private Equity’s 2nd largest (disclosed) transaction.
  • This is Rockwood Private Equity’s 5th transaction in South Africa.

M&A Deal Summary
Date 2009-02-24
Target Kwikspace
Sector Building Materials
Buyer(s) Rockwood Private Equity
Deal Type Going Private
Deal Value 68M USD

Target

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.

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Buyer(S) 1

Buyer

Rockwood Private Equity

Gauteng, South Africa
Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
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 5 of 5
Sector: Building Materials M&A 1 of 1
Type: Going Private M&A Deals 2 of 2
Country: South Africa M&A 5 of 5
Year: 2009 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-05 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 founded in 1945 and is based in Germiston, South Africa.

Buy $261M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 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.

Sell R4.1B
Mergr

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