Ethos Private Equity

Ethos Private Equity, founded in 1984 and based in Illovo, South Africa, is a prominent private equity firm that has played a pioneering role in the South African market. With a focus on long-term investments, Ethos targets medium-to-large businesses across various sectors, including financial services, healthcare, agriculture, food, manufacturing, mining, information technology, telecommunications, electronics, retail, logistics, construction, and transportation. The firm has successfully invested in over 100 companies, leveraging extensive local networks and international reach to achieve consistent outperformance relative to the stock market. Ethos is independently owned and managed, ensuring that the interests of its investment professionals are aligned with those of its stakeholders. The firm is actively investing from its sixth fund, which represents one of the largest pools of third-party capital in Africa.

Bill Ashmore

Partner

Mark Bell

Partner

Garry Boyd

Partner

Arshad Essa

Partner, Mid Market

Stuart MacKenzie

CEO

Horisane Marivate

Principal, Value Add

James Newman

Partner, Large Equity Funds

Nadine Rechenberg

Partner

Jos Van Zyl

COO, Partner and Board Member

Ngalaah Chuphi

Partner

Past deals in Zimbabwe

Kamoso Africa

Private Equity Round in 2017
Kamoso Distribution provides consumer goods and medical supplies. Kamoso is a manufacturer and supplier of consumer goods and healthcare products to retailers in Botswana, South Africa, Zambia and Zimbabwe. The Company operates from facilities in Botswana and South Africa.

Little Green Beverages

Acquisition in 2017
Little Green Beverages (LGB), a proudly South African company, was founded in 2006,when the founding shareholders purchased a bottling plant located in Robertville, Western Johannesburg. After acquiring the necessary skills, resources and supplementary equipment, the founders brought the plant online and began producing a limited range of carbonated soft drinks in early 2006. The much loved Refreshhh! brand was born and the rest is history. Specialist flavourant providers were engaged to help create the delicious taste that the Refreshhh! range of soft drinks are known for. Over the next 7 years, LGB grew into a thriving company with a national footprint by establishing new production facilities 3 in East London and Bloemfontein, as well as depots in KwaZulu Natal and the Western Cape The Refreshhh! product range currently comprises of 16 carbonated soft drink flavours (Apple, Coco Pine, Cola, Cream Soda, Ginger Beer, Granadilla, Grape, Iron Brew, Lemon, Lemonade, Litchi, Mango, Orange, Peach, Pineapple and Raspberry) with five additional Sugar Free flavours . The Refreshhh! product range is available in 2 litre, 1.5 litre, 500 ml and 330 ml PET bottles. The brand also has its own Energy Drink which is available in 440ml can, a range of Mixers and Still Mineral Water. Refreshhh! through its valued retail partners, is available throughout South Africa, Botswana, Mozambique, Zimbabwe, Swaziland, Namibia and Lesotho. Little Green Beverages strives to deliver the best in affordable, quality soft drinks to a large segment of the Southern African market.

AutoZone

Acquisition in 2015
AutoZone Limited is a leading retailer and wholesaler of automotive parts and accessories in Southern Africa, primarily operating in South Africa and extending its franchise presence to Namibia, Zimbabwe, Swaziland, and Botswana. Established in 1969 and headquartered in Johannesburg, AutoZone has a network of 151 wholly-owned retail branches and 37 member-owned franchise branches. The company offers an extensive range of over 75,000 automotive products, including brake parts, engine components, electrical parts, and various car care accessories. With a robust supply chain and a base of 688 world-class suppliers, AutoZone serves a diverse customer base, including trade customers, independent retailers, and corporate accounts, effectively positioning itself as a significant player in the automotive spare parts market in the region.

Ecobank

Private Equity Round in 2007
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.
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