Ethos Private Equity confirms that it has entered into an agreement with The Bidvest Group Limited (“Bidvest”) to dispose of Plumblink, for an undisclosed sum. The transaction is subject to the fulfilment of certain conditions.
Accordingly, Bidvest has filed for Competition Commission approval for the transaction. On conclusion of the transaction, Bidvest will hold 100% of Plumblink’s share capital.
Ethos originally acquired Plumblink in 2006.
Plumblink is a specialist plumbing and bathroom merchant currently operating from 61 branches strategically situated throughout South Africa. More than 10,000 quality products are sourced from over 200 of the best local and international suppliers including exclusive ranges. Plumblink continues to expand its footprint and product range, including its house brand, Plumline.
