M&A Deal Summary

Woolworths Acquires Absolute Pets

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

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

M&A Deal Summary
Date 2024-04-03
Target Absolute Pets
Sector Consumer Products
Buyer(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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Buyer(S) 1

Buyer

Woolworths

Cape Town, South Africa
Category Company
Founded 1931
Sector Retail
Employees40,103
Revenue 72.3B ZAR (2023)
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) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (South Africa) 1 of 1
Year (2024) 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

Sanlam Private Equity

Investor Investor

Category Private Equity Firm
PE ASSETS 3.0B ZAR
Size Small
Type Sector Agnostic
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) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Q Link

Pretoria, South Africa

Q Link provides a cloud-based, one-stop collections solution and service to improve collection rates and efficiency for a wide spectrum of industries, including financial services, banking and finance, healthcare, labor organizations, and large employers in both the public and private sectors. Q Link is a strategic partner to its clients, Q Link’s affiliate company, Q Sure, specializes in similar services but is aimed at the specific needs of the short-term insurance market. Q Link is based in Pretoria, South Africa.

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