PwC Deals team advises Solevo in acquiring Rolfes Group

The PwC Deals team has successfully supported Solevo Group in their acquisition of Rolfes Group.

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By PwC

The PwC Deals team has successfully supported Solevo Group in their acquisition of Rolfes Group.

The team provided financial and tax due diligence, focusing on key aspects of the transaction to maximise value for its client, while strategically navigating the complexities of the transaction negotiations and the sale and purchase agreement.

Private equity firm Phatisa, through its Phatisa Food Fund 2, along with Masimong Chemicals and Sabvest Finance and Guarantee Corporation, recently announced that they have agreed to sell their combined 100% stake in Rolfes Holdings – a South Africa-based provider of food ingredients and diversified chemicals – to Solevo, a pan-African speciality chemicals distributor. Solevo will also sell a 12.5% interest in Rolfes to Afropulse Group, a long-term capital investor, as part of a partnership to continue growing the business. Financial terms of the transaction were not disclosed.