Medu Capital in Two South African Bookstore Deals (Sub-Saharan Africa)

Source: Private Equity Africa

Medu Capital has partnered with former Exclusive Books chief executive officer Benjamin Trisk and private investor Marke Barnes to buy two entities, South Africa-based book retailer Exclusive Books and academic book distributer Van Schaik Bookstores, from South Africa’s Times Media Group (TMG). The consortium will pay ZAR325 million (approximately US$32.8 million) for Van Schaik’s assets and ZAR90 million (approximately US$9.1 million) for Exclusive Books, as well as an additional ZAR20 million (approximately US$2 million) based on specific deal conditions.