Add-on Acquisition • Distribution

Universal Industries Acquires BCE Foodservice Equipment

On November 1, 2010, Universal Industries acquired distribution company BCE Foodservice Equipment from Global Capital

Acquisition Context
  • This is Universal Industries’ 1st transaction in the Distribution sector.
  • This is Universal Industries’ 1st transaction in South Africa.

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M&A Deal Summary

Date November 1, 2010
Target BCE Foodservice Equipment
Sector Distribution
Buyer(s) Universal Industries
Sellers(s) Global Capital
Deal Type Add-on Acquisition

Target Company

BCE Foodservice Equipment

Johannesburg, South Africa
Supplier of industrial cookware, commercial kitchen appliances and kitchen utensils to the hospitality and foodservice industries.
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Buyer Overview 1

Buyer

Universal Industries

Kyasand, South Africa

Category Company
Founded 1996
Sector Manufacturing
Revenue 702M USD (2013)
DESCRIPTION

Universal Industries Corporation Ltd ("Universal"), which listed on 29 Nov 2007 on the main Bourse of the Johannesburg Stock Exchange, is an industrial holding company for SA’s leading suppliers.


Deal Context for Buyer #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 1
Country: South Africa 1 of 1
Year: 2010 1 of 1

Seller Profile 1

SELLER

Global Capital

Johannesburg, South Africa

Investor Investor


Category Merchant Bank
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Global Capital is a South African investment banking and private equity firm. The Firm's private equity arm looks to make investments in a variety of sectors and focuses on companies generating at least R50 million in revenues and R10 million in profits. Global Capital dates back to 1995 and is based in Johannesburg.


Deal Context for Seller #
Overall 1 of 2
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 1
Country: South Africa 1 of 1
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 CIG

Johannesburg, South Africa

CIG is a decentralized Pan-African infrastructure group that focuses primarily on the energy and oil and gas sectors, with close to 71% of profit derived ex-South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Impala Bolt and Nut

Germiston, South Africa

Impala Bolt and Nut is a manufacturer and distributor of industrial fasteners (Nuts, bolts and screws) to all sectors of the engineering, automotive and mining sectors. Impala Bolt and Nut was founded in 1988 and is based in Germiston, South Africa.

Buy -