Ethos Private Equity acquires South African auto parts retailer AutoZone

AutoZone

Ethos Private Equity Ltd. bought a controlling stake in South African closely held automotive-parts retailer AutoZone, the fourth investment through its 7.9 billion-rand ($682 million) Fund VI.

“We anticipate growing the business geographically,” Christo Roos, a partner at Johannesburg-based Ethos who will join AutoZone’s board, said in an e-mailed statement on Wednesday. “We have already identified immediate opportunities and have embarked on a rigorous program to accelerate AutoZone’s growth strategy.”

Founded in 1999, AutoZone has 151 retail and wholesale branches and 37 franchised outlets in South Africa, Namibia, Zimbabwe, Swaziland and Botswana.

Read more: Ethos Acquires AutoZone in South African Private Equity Deal – Bloomberg.

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