South Africa's Bidvest Picks Up Brandcorp From PE Owner

Law360, New York (December 3, 2012, 5:27 PM EST) -- South African conglomerate Bidvest Group Ltd. will scoop up hardware and luggage manufacturer Brandcorp Holdings Ltd., lifting ownership from Ethos Private Equity, the companies said in a Monday filing.

Financial terms of the deal were not disclosed. The transaction gives South Africa-based Ethos an exit more than a half decade after it revealed plans to pay about $185 million for a 98 percent Brandcorp stake, in August 2007.

In the brief filing announcing the latest deal, neither Bidvest nor Brandcorp — also a South African company...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.