Ethos has entered into a strategic equity partnership with Brait, providing a strong platform to maximise value through the realisation of assets in Brait’s portfolio, and returning capital to shareholders in the medium term. The partnership entails Ethos investing R1.3bn into Brait as part of the February 2020 Rights Offer and becoming the new advisor to Brait Mauritius Limited replacing the existing Brait advisory contract with effect from 1 March 2020. Ethos feel that applying a private equity mindset to the Brait portfolio and leveraging Ethos’ proven ability to accelerate value enhancing strategies will provide a clear pathway to unlocking value over the medium term.
Brait comprises investments in a number of underlying businesses:
For more information on Brait, please see www.brait.com.
EXCEPTIONAL, MULTI-DISCIPLINARY EXPERTISE