South Africa: Agile Capital exits to Bidvest
Agile Capital, alongside existing shareholders, will be exiting Aquatico to Bidvest.
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South African private equity firm Agile Capital, alongside existing shareholders, will be exiting Aquatico to Bidvest.
Aquatico is an environmental monitoring, testing and reporting group which services a range of sectors, with a key focus in mining. Its services include the sampling and analysing of water from mining operations, groundwater, dams, and other sources.
Agile Capital, in partnership with RMB Corvest, acquired a significant holding in Aquatico in March 2012.
Tshego Sefolo, CEO of Agile Capital, said: “By partnering with the management team, we facilitated the creation of a significant business in the testing, inspection and compliance industry in South Africa.”
“Having successfully worked with Agile, we look forward to working with our new owners in identifying further areas for growth and continuing to extract value from the solid platform established by the existing management team and exiting shareholders,” commented Aquatico’s founder and chief executive Ryno Erdmann.
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