Rockwood plans to sell Tsebo Outsourcing Group Ltd.

4 March 2015

Rockwood Private Equity (Pty) Ltd. plans to sell Tsebo Outsourcing Group Ltd. by the end of the year, which will mark its first disposal.
 
Rockwood bought Tsebo at the end of 2007 for R1.2 billion and since then annual sales have more than trebled to exceed R5 billion. “We’ve had lots of approaches,” Andrew Dewar explained at the Southern Africa Venture Capital and Private Equity Association conference. The conference was held in February in Stellenbosch, near Cape Town.
 
It may take until December to conclude a sale. “We’re not planning any initial public offerings, but with the right strategy and scale EnviroServ could be listed."
 
Read the full article on bloomberg.com.