Bain wraps up Edcon takeover
April 18, 2007, 7:54 am
Filed under: Local Company News
Filed under: Local Company News
The US’s Bain Capital yesterday completed the biggest private equity deal in South Africa when shareholders of Edgars Consolidated Stores (Edcon) narrowly voted for the R25 billion buyout. (more…)
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Private equity may well be judged on Edcon’s outcomes
April 18, 2007, 7:16 am
Filed under: Opinion/Analysis
Filed under: Opinion/Analysis
After all the hype around private equity interest in local retailers, the country still has only one done deal in this sector.
Returns of SA firms whet private buyers’ appetite
April 18, 2007, 6:38 am
Filed under: Local News
Filed under: Local News
South African companies, which had lower debt levels and higher returns than those in Europe and the US, made compelling targets for buyout firms, with retailers among those most likely to be acquired, Merrill Lynch said yesterday.
