Aureos Southern Africa Fund Completes Successful Exit From Leading Brick Manufacturer (Sub-Saharan Africa)
Posted On: 03 May 2012 | Source: Aureos
The Aureos Southern African Fund (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group SA Block (Pty) Ltd. ASAF is managed by Aureos Southern Africa Managers Ltd, a subsidiary of Aureos Capital, a private equity fund manager focused on small and mid-cap companies in emerging markets. ASAF’s exit forms part of the 100 percent sale of SA Block to Afrimat Ltd, a leading black-empowered open pit mining company listed on the Main Board of the Johannesburg Stock Exchange. Financial details of the transaction were not disclosed.