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...
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