Ethos Fund III

VINTAGE YEAR:
1996
CAPITAL RAISED:
R750 million
FUND STATUS:
Fully invested & realised
Ethos Fund VI
Credcor
Crossroads
Cummins
Defy
Dunlop
HT Group
KFM
Pleasure Foods
Universal Print Group
Mezzanine

APOLLO HAS LANDED

Ethos exits Dunlop to create global tyre business

Ethos' sale of Dunlop's South African and Zimbabwean businesses to Apollo, the largest Indian tyre manufacturer, has facilitated a significant capital inflow into South Africa while creating the world's 12th largest tyre company.

Mezzanine

THE PRESSURE’S OFF

Dunlop's public to private move provides a platform for growth

In March 2002, Ethos led a consortium together with Dunlop management, which increased its stake in Dunlop Tyres International (Pty) Ltd to 100°/o in a public to private transaction

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ICE3

Ethos enables Defy to entrench its dominance in the SA 'white goods' market.

The opportunity for Ethos Fund III, in partnership with management, to acquire 100% of Defy in 1997 arose as a result of a listed company unbundling its assets.

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Buckle up for Empowerment

Ethos steps on the Empowerment gas.

Ethos Private Equity Fund III has divested from leading local logistics company, Crossroads Distribution, in a deal which further enhances this empowered company's Black Economic Empowerment (BEE) rating.

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All MBOs should look like this.

Ethos puts the pleasure back into fast foods

Ethos has sold its Fund III interest in the Wimpy and Whistle Stop brands to Steers Holdings Limited.

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Final Proof

Ethos leaves its mark on the printing industry.

Ethos' partnership with Universal Print Group has allowed this highly successful, entrepreneurial family business to make a quantum leap in earnings.

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The mouse that roared

Ethos' growth capital ensures Credcor's rapid expansion.

Take a tough retail economy, a listed small cap stock and an environment of increasing pressure on the financial services industry ... then consider selling a small cap retail credit business.

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We’re tuned for perfomance

Ethos exits investment with sale to global leader, Cummins Engine Company.

Ethos Private Equity, together with the management of Cummins Diesel Sales & Service (CDS&S) has sold 100% of CDS&S to Cummins Incorporated, the world's largest independent diesel manufacturer.

Mezzanine

That’s show business

34% annual compound growth - that gets everybody listening

Ethos Fund III has sold its majority stake in Western Cape radio station Kfm to a consortium comprising Nail subsidiary New Africa Media Holdings (NAM) and Western Cape empowerment group Broadcape Investments.