8 March 2012Place:
Johannesburg, S. Africa
Equipment Spare Parts Africa (“ESP”) is the largest South African supplier and manufacturer of high quality aftermarket replacement parts, including ground engaging tools and undercarriage for earthmoving equipment such as Caterpillar, Komatsu, Case New Holland, and parts for diesel engines and the repair of undercarriage for earthmoving machinery. ESP operates throughout 13 distribution centers strategically located to serve the entire South African market. In 2011, ESP generated revenues of R. 270 million with an EBITDA margin of 16%.
CP Advisors acted as the exclusive financial advisor to ESP on the sale process which resulted in the divestiture of the business to Invicta Holdings Ltd, a South African publicly traded company with revenues of R. 6 billion, for R. 145 million in cash.