Webber Wentzel Helps Ethos In $167M Oven Co. Takeover

Law360, New York (October 13, 2011, 2:56 PM EDT) -- South African firm Ethos Private Equity on Thursday announced that it is taking Universal Industries Corp. Ltd. private in a buyout that values the commercial oven and refrigeration case supplier at 1.3 billion rands ($166.6 million).

Ethos led a consortium of investors in a leveraged buyout that has already won the backing of Universal’s shareholders, who will receive roughly 2.5 rands ($0.32) per share, as well as regulatory approval, the firm said.

Ethos partner Shaun Zagnoev said Universal was an extremely attractive acquisition because the company...
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