WP_Post Object
(
    [ID] => 320
    [post_author] => 1
    [post_date] => 2017-07-15 09:49:31
    [post_date_gmt] => 2017-07-15 09:49:31
    [post_content] => 

Ethos Fund VI is approaching the end of its investment cycle and is starting its realisation phase. As such, Ethos intends to begin the capital raising process for Ethos Fund VII during the second half of 2017 or early 2018. While the target size of Ethos Fund VII is yet to be determined, it is envisaged to be between R8 billion and R10 billion. 

The objective of Ethos Fund VII will be to invest in private companies with market-leading positions, an identifiable competitive advantage, strong cash flows and significant growth potential. Ethos Fund VII will target companies with an enterprise value of between R1.5 billion to R7 billion and would seek to invest between R450 million to R1 billion in each opportunity. 

It is envisaged that Ethos Fund VII will focus on transactions in both South Africa and other select countries in sub-Saharan Africa (up to 25% of Ethos Fund VII’s committed capital may be invested in companies whose primary business activities are located outside of South Africa in sub-Saharan Africa). 

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Ethos Fund VI

ETHOS FUND VI INVESTMENT CRITERIA

VINTAGE YEAR:
2011
CAPITAL RAISED:
R8.6 billion
FUND STATUS:
Currently investing

Ethos Fund VI is approaching the end of its investment cycle and is starting its realisation phase. As such, Ethos intends to begin the capital raising process for Ethos Fund VII during the second half of 2017 or early 2018. While the target size of Ethos Fund VII is yet to be determined, it is envisaged to be between R8 billion and R10 billion. 

The objective of Ethos Fund VII will be to invest in private companies with market-leading positions, an identifiable competitive advantage, strong cash flows and significant growth potential. Ethos Fund VII will target companies with an enterprise value of between R1.5 billion to R7 billion and would seek to invest between R450 million to R1 billion in each opportunity. 

It is envisaged that Ethos Fund VII will focus on transactions in both South Africa and other select countries in sub-Saharan Africa (up to 25% of Ethos Fund VII’s committed capital may be invested in companies whose primary business activities are located outside of South Africa in sub-Saharan Africa). 

  • Control or joint control
  • Minority growth capital
  • “Sweet spot” acquisition of companies with enterprise values of c.R750 million to c.R3 billion; and
  • Large-sized, syndicated transactions of more than c.R3 billion (in consortium)
  • Ethos’ predominant focus is on making investments in South Africa and selectively in other sub-Saharan economies with a primary focus on Nigeria, Ghana, Kenya, Uganda and Tanzania.
  • Start-ups
  • Greenfield & Brownfield enterprises
  • Deep Mining & Mineral Extraction
  • Gambling, Casinos and equivalent enterprises
  • Property & Property Development

Composition of Fund VI Commitments by Investor Type (Rm)

  • Pension Funds (38%)
  • Insurance Co’s (8%)
  • DFIs (4%)
  • Sovereign WealthFunds (31%)
  • Charities/Foundations/Endowments/Family Office (3%)
  • Fund of Funds (16%)

Composition of Fund VI Commitments by InvestorGeography (Rm)

  • North America & Europe (32%)
  • South Africa (36%)
  • Middle East & Asia (32%)
Kevro
THE ETHOS TEAM

EXEPTIONAL, MULTI-DISIPLINARY EXPERTISE