Investment Summary

Standard Chartered Private Equity Invests In Choppies

On January 14, 2014, Standard Chartered Private Equity invested in retailer Choppies

Investment Highlights
  • This is Standard Chartered Private Equity’s 2nd transaction in the Retail sector.
  • This is Standard Chartered Private Equity’s 1st transaction in Botswana.
Investment Fate
  • Choppies was sold to a financial buyer in 2018.

Investment Summary

Date 2014-01-14
Target Choppies
Sector Retail
Investor(s) Standard Chartered Private Equity
Deal Type Stake Purchase

Target

Choppies

Gaborone, Botswana
Choppies is an operator of more than 100 supermarkets and hyperstores, employing more than 10,000 people, in Botswana, South Africa, and Zimbabwe. The Company has grown from a single outlet back in 1986, to become the largest retailer and largest private-sector employer in Botswana. Festus Mogae, the former President of Botswana, is the Chairman of the Choppies Board of Directors. Choppies was founded in 1986 and is based in Gaborone, Botswana.

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Investor(S) 1

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 8 of 15
Sector: Retail M&A 2 of 3
Type: Stake Purchase M&A Deals 2 of 2
Country: Botswana M&A 1 of 1
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Ocean Sparkle

Hyderabad, India

Ocean Sparkle Limited (OSL) is a leading service provider in the Comprehensive Port Operations & Management Sector in India. Since its establishment in the year 1995, we have demonstrated exemplary project management skills.

Sell £8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-20 AJ Networks

Seoul, South Korea

AJ Networks is an equipment rental service provider in Korea. The company offers a broad range of rental products including office IT equipment, pallets, aerial lifts and construction equipment. AJ Networks is the largest shareholder of the KOSPI-listed AJ Rent A Car, Korea’s second largest car rental business. AJ Networks was formed in 2000 and is based in Seoul, South Korea.

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