Ethos Private Equity looks north to the rest of Sub-Saharan Africa as private equity shifts focus

Ethos Private Equity said it may conclude its first pan-African transaction by the end of the first quarter as South African buyout firms look for growth north of the country’s borders. The investment will be made from Ethos’s Fund VI, which raised $800 million and has an average deal size of $60 million to $80 million, Chief Executive Officer Stuart MacKenzie said.

“We still like consumer services and goods, we like business services and industrial services,” MacKenzie said at the annual Southern African Venture Capital and Private Equity Association conference in Stellenbosch, near Cape Town. “We like logistics,” he said, declining to give more details on potential deals.

Read more: Ethos Private Equity (Proprietary) Limited | Ethos looks north as SA private equity shifts focus.

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