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[ID] => 750
[post_author] => 1
[post_date] => 2017-08-18 14:14:21
[post_date_gmt] => 2017-08-18 14:14:21
[post_content] => In 2016, Ethos launched our inaugural mid-market private equity fund. Ethos Mid Market Fund I will target commitments of R2.5 billion (hard cap R3.0 billion).
The Fund seeks to make investments of between R100 million and R350 million, predominantly in mid-market leveraged buyout transactions. This is a part of the market in which Ethos has a proven track record through Ethos Funds III and IV.
Importantly, the Fund is BEE-majority owned and will be able to participate in deals as the BEE Partner. Ethos believes that the combination of significant empowerment credentials and strong execution capabilities will give the Fund a distinct competitive advantage.
The Ethos Private Equity investment partners for Ethos Mid Market Fund I are Arshad Essa, Edward Pitsi and Sonja De Bruyn Sebotsa.
[post_title] => Ethos Mid Market Fund I
[post_excerpt] => Ethos Private Equity has recently launched Ethos Mid Market Fund I and is in the process of raising capital for this fund.
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[post_name] => mid-market-fund
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[post_modified] => 2017-12-04 12:26:33
[post_modified_gmt] => 2017-12-04 12:26:33
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[guid] => https://thoughtcapitaltest.co.za/ethos/?post_type=funds&p=750
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[post_type] => funds
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)
In 2016, Ethos launched our inaugural mid-market private equity fund. Ethos Mid Market Fund I will target commitments of R2.5 billion (hard cap R3.0 billion).
The Fund seeks to make investments of between R100 million and R350 million, predominantly in mid-market leveraged buyout transactions. This is a part of the market in which Ethos has a proven track record through Ethos Funds III and IV.
Importantly, the Fund is BEE-majority owned and will be able to participate in deals as the BEE Partner. Ethos believes that the combination of significant empowerment credentials and strong execution capabilities will give the Fund a distinct competitive advantage.
The Ethos Private Equity investment partners for Ethos Mid Market Fund I are Arshad Essa, Edward Pitsi and Sonja De Bruyn Sebotsa.
The core strategy for the Fund will be mid market leverage buyout transactions of between R100 million and R350 million, where Ethos will seek to be the lead shareholder. Ethos will target high growth potential companies that are often not optimally capitalised, leveraging Ethos’ proven value add and operational transformation skills. Ethos anticipates at least 50% of capital to be deployed in this strategy.
Secondly, in certain cases, the Mid Market Fund will also seek to co-invest with Ethos Buyout Funds as their BEE-shareholding partner, leveraging the existing knowledge and skill of the Buyout investment teams.
Lastly, the Mid Market Fund will seek to co-invest in certain special investment opportunities, where the Fund feels it can leverage its BEE credentials. Having pioneered BEE transactions in the context of South African private equity, Ethos continues to be a leader in successfully structuring and executing these investments, which is a significant deal sourcing and competitive advantage. Ethos completed the country’s first ever private equity-based BEE deal (Kagiso Publishers in 1994). Continuing this strong tradition, 63% of the investments in Fund V and 67% of Fund VI have had BEE participation.
