Five notable South African private equity deals
We highlight five South African private equity transactions, as featured in our Dealmaker’s Log.
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We highlight five South African private equity transactions, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising closes. Subscribe to this service here
1. Adenia acquires South African delivery company The Courier Guy
Private equity firm Adenia Partners has acquired 100% of The Courier Guy, a last-mile delivery and express parcel services company in South Africa, alongside co-investors DEG, Proparco, and South Suez. This acquisition marks the second investment of Adenia’s fifth flagship fund, Adenia V.
The Courier Guy has an extensive network of delivery partners, kiosks, and more than 1,200 smart lockers across the country. Read the full article
2. RMB Ventures invests in Bulldog Group
RMB Ventures has closed an investment deal with the Bulldog Group in South Africa.
Bulldog is a wholesaler and distributor of paint and consumables to the auto-refinish industry, and the industrial, DIY and woodwork sectors. It services the market through three businesses namely Bulldog Abrasives, RSB and Y.E.S. Read the full article
3. Agile Capital acquires stake in packaging company
South African private equity firm Agile Capital has acquired a significant minority share in Berry Astrapak.
Berry Astrapak is a specialised manufacturer of an extensive range of rigid moulded, and thermoformed plastic packaging products serving the African market. The group has manufacturing operations in Gauteng, Western Cape and Kwa-Zulu Natal and focuses on innovation-led growth in plastic packaging. Read the full article
4. Sanari Capital makes follow-on investment in education group
Sanari Capital, a private equity firm that invests in medium sized and mid-market growth companies emanating from Africa, has announced a R80 million (c. $4.4 million) follow-on investment in EduLife Group. The investment will allow EduLife to further entrench its schools in existing regions and expand into other provinces.
EduLife is a network of independent schools, offering diverse and tailor-made education across the economic spectrum. Read the full article
5. Gaia Fund Managers in water deal
Gaia Fund Managers has entered South Africa’s rapidly growing R6 billion (c. $316 million) a year bottled water market with a supplier of clean drinking water, as local governments are failing to provide its citizens with safe drinking water across the country.
Through a transaction with Oasis Water CEO Johan Buys, Gaia has become a majority co-shareholder in the company, which operates the Doornkloof mega bottling plant and has a nationwide presence. Oasis Water’s extensive network includes more than 80 franchisees, 364 franchise outlets, 250 retail stores, 94 express stores, six depots, and 14 factories. The company offers sustainable bottled water, empty bottle refills, and water-as-a-service subscription options. Read the full article
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