Ethos Leads Buyout of Gammatek (Sub-Saharan Africa)

Source(s): Ethos

Southern Africa-focused alternative investment fund manager Ethos and Eskom Pension & Provident Fund (EPPF) have acquired a majority stake in South Africa-based Gammatek. Ethos acquired a 51 percent stake through Ethos Mid Market Fund I, with EPPF acquiring a further 9 percent stake. Gammatek distributes consumer electronics and technology accessories, such as earphones, phone cases and toys. The company plans to partner with Ethos and EPPF to further grow its operations and develop new sales channels. Financial details of the transaction were not disclosed.