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edgars
’Is the buyout wagon headed for South Africa?
There was a flurry of excitement last week. Could private equity be poised to launch its most ambitious foray to date into South Africa, dwarfing other deals in the country with a $12.5bn takeover of iconic miner Gold Fields? Alas it was not to be.
Bain Capital in $3.5bn South Africa shopping spree
US private equity firm Bain Capital agreed to buy South Africa’s biggest retailer, Edgars Consolidated Stores, for $3.5bn, in the country’s largest ever private equity transaction, Bloomberg reported on Wednesday.