PAPE Fund 3, the mid-cap South African private equity fund, has announced the successful acquisition of 45% of the equity in the DDS Group of companies, a leading African beverage dispensing and refrigeration services provider.

The DDS Group of companies provide beverage dispensing and refrigeration services on behalf of the multinational distributors, as illustrated by the servicing of draught beer installations and coffee machines found in bars and restaurants. DDS also specialises i...