Investment Summary

Sanlam Private Equity Exits Absolute Pets

On April 3, 2024, Woolworths invested in consumer products company Absolute Pets from Sanlam Private Equity

Investment Highlights
  • This is Woolworths’ 1st transaction in the Consumer Products sector.
  • This is Woolworths’ 1st transaction in South Africa.

Investment Summary

Date 2024-04-03
Target Absolute Pets
Sector Consumer Products
Investor(s) Woolworths
Sellers(s) Sanlam Private Equity
Deal Type Add-on Acquisition

Target

Absolute Pets

Cape Town, South Africa
Absolute Pets offers pet supplies, services, and expertise to keep pets healthy. Absolute Pets is based in Cape Town, South Africa.

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Investor(S) 1

Investor

Woolworths

Cape Town, South Africa

Category Company
Founded 1931
Sector Retail
Employees37,499
Revenue 76.5B ZAR (2024)
DESCRIPTION

Woolworths is a fashion retailer offering a unique blend of food, fashion, beauty, homeware, and financial services throughout the Southern Hemisphere. Woolworths was founded in 1931 and is based in Cape Town, South Africa.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: South Africa M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 Country Road

Melbourne, Australia

Country Road is a middle-market clothing retailer located in Australia and New Zealand with 68 free-standing stores and 77 department store concessions.

Buy AU$213M

Seller(S) 1

SELLER
DESCRIPTION

Sanlam Investments Private Equity is the private equity investment arm of South African asset manager Sanlam. Sanlam Investments looks to partner with growth-oriented South African companies operating in a variety of industries including business services, consumer products, manufacturing, and software. Sanlam Investments Private Equity is based in Bellville, South Africa.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 SkipWaste

Johannesburg , South Africa

SkipWaste provides integrated waste management solutions to commercial, industrial and retail clients. The company offers innovative and environmentally conscious waste management solutions to its clients through waste diversion from landfill disposal towards recovery, recycling and alternative disposal. SkipWaste is based in Johannesburg, South Africa.

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