ASO Capital places its bets on the courier based business of SkyNet South Africa

 

ASO Capital is currently working with a courier parcel business known as SkyNet South Africa in a share acquisition and recapitalization transaction. The recapitalization allows the business to shift its focus on domestic and international express parcels so as to optimize the current branch and depot infrastructure. After the execution of the transaction ASO Capital will have a minority stake in the courier business. The deal value is undisclosed. ASO Capital is one of the first South African private equity funds to invest in distressed businesses to turn them around back to sustainability through the Africa Special Opportunities Fund.

 

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