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EPE CAPITAL PARTNERS LIMITED - Voluntary investment update

Release Date: 21/11/2016 07:30
Code(s): EPE     PDF:  
Wrap Text
Voluntary investment update

EPE CAPITAL PARTNERS LIMITED  
(Incorporated in the Republic of Mauritius) 
(Registration number: C138883 C1/GBL) 
ISIN: MU0522S00005 
Share Code: EPE 
(“Ethos Capital”) 
 
VOLUNTARY INVESTMENT UPDATE 
 
As set out in the Quarterly update released by Ethos Capital on the Stock Exchange News Service 
on 14 October, 2016, the Ethos Mid Market Fund I has achieved a first close on 17 November, 
2016.  Ethos Capital is one of the first close investors with a commitment of R550 million (with an 
intended total commitment on final close of R900 million).  The Ethos Mid Market Fund I has also 
received the requisite approvals for the acquisition of certain BEE assets from Ethos Fund VI and 
completion is expected to occur by mid?December, 2016.  The assets acquired include a 15% stake 
in Autozone and Twinsaver and a 10% stake in Eazi Access, for a total upfront consideration by the 
Fund of R361 million.    
 
The Ethos Mezzanine Partners Fund 3 was formally launched on 15 November, 2016.  The Ethos 
Capital commitment to this Fund is intended to be R320 million with a targeted date for first close 
of 31 March, 2017. 
 
In addition, Ethos Capital has acquired a secondary interest in Ethos Fund VI.  The interest 
acquired is a US$10.0 million commitment to the Fund (c.1.4% interest) of which the current net 
invested capital (including unfunded guarantees) is US$5.7 million. The Board will continue to 
explore other secondary transactions in respect of Ethos Fund VI. 
 
Post the first close of the Ethos Mid Market Fund I, the Fund’s acquisition of the BEE assets and 
the secondary transaction, Ethos Capital has total commitments of approximately 39% of its last 
reported Net Asset Value (“NAV”) and net invested capital (including unfunded guarantees) of 
approximately 21% of NAV. 
 
 
JOHANNESBURG 
21 November, 2016 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 

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