Industry Newsroom

Capital Group Private Markets to Partner with Wendel to Acquire Tsebo Solutions Group (SSA)

Global private equity firm Capital Group Private Markets will partner with France-based investment company Wendel to acquire South Africa-based facilities services provider Tsebo Solutions Group from a consortium led by South Africa-focused fund manager Rockwood Private Equity. Capital Group will acquire a 35 percent stake and invest through CIPEF VI, while Wendel, which initially agreed to acquire Tsebo in September 2016, will acquire a 65 percent stake for EUR150 million (approximately US$157 million).