Ata Capital receives green light to acquire industrial group

South Africa's Competition Commission has unconditionally approved the proposed merger whereby private equity firm Ata Capital, through its Ata Fund III, intends to acquire industrial group Jachris.

Jachris controls more than five entities, which include, amongst others, Jachris Mozambique, Jachris Ghana, Jachris Botswana and Fluid Power Pro. Through its subsidiaries, Jachris is involved in the supply of specialised hoses, fittings and couplings to the mining and industrial sectors. The specific products include:

– Hydraulic hoses and fittings

– Industrial hoses and couplings

– Special piping items (which includes amongst others, steel piping products, valves and steam traps)

– Refuelling and lubrication equipment.

Ata Capital, based in Johannesburg, South Africa is a cross-sectoral, alternative asset class fund manager. The firm was founded in 2012 by the CEO, Lelo Rantloane and the Harris Family Office.

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