South African based Group Five sells two subsidiaries to private equity companies for R480 million

Group Five has sold two of its subsidiaries to a consortium of two private equity firms for an agreed amount of R480 million. The two private equity firms are Trinitas Private Equity and Agile Capital and the subsidiaries are Everite Building Prodcuts and Sky Sands Mining. Everite Buidling Products is a company that produces building materials such as fibre-cement roofing, cladding, ceilings and building columns. Sky Sands is in the business of extracting and supplying almost 1 million tons of silica sand per annum. These companies have a strong presence in the South African construction sector and they are operated by a good management team.

Trinitas Private Equity was founded in in 2008 by Andrew Hall, John Stipinovich, and Soteris Theorides and has a diversified portfolio of industrial, technology and real estate companies such as Auto Industrial, Main Street Holdings, Le-Sel Research, Trudon, Oneeighthy Holdings and Serica Investments. Agile Capital is was founded in 2015 by Tshego Sefolo and Londeka Shezi and has a portfolio of investments such as SA Biomedical, Goldrush, Bluhm Burton Engineering and Spilltech among others and total amount of R1 billion to deploy.

 

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