Ethos sells CQS to JSE-listed Adapt IT
South African private equity investor Ethos has sold its investment in niche technology company CQS Investment Holdings, which distributes software products for the audit, risk management and financial reporting markets, to JSE-listed Adapt IT.
Ethos Technology Fund I acquired CQS in 2008 in a transaction that facilitated the introduction of empowerment partner, Kapela Investments. Ethos had now sold its entire stake, rendering Kapela and its management shareholders of Adapt IT.
The announcement followed significant investment activity by Ethos over the past 12 months, including the acquisition of Pan-African telecommunications towers company Eaton Towers; paper-based packaging solutions group Neopak; branded tissue products manufacturer Twinsaver; automotive parts retailer Autozone; and, most recently, work-at-height solutions provider Eazi Access.
Notable realisations last year included the disposal of Plumblink to JSE-listed Bidvest and the sale of Ethos’ shareholding in JSE-listed Transaction Capital in December.
Commenting on the CQS disposal, Ethos CEO Stuart MacKenzie described Adapt IT as a “natural home” for CQS, with the partnership likely to unlock significant synergies for both parties.
“Ethos has been a supportive and stimulating shareholder which, beyond capital, financial and strategic expertise, gave CQS access to its significant business networks. Today, CQS is well-corporatised and ready to take a new step in our journey,” noted CQS CEO Ashley Cohen.
Ethos principal Kameshan Chetty added that CQS was a “fantastic” strategic acquisition for Adapt IT and that the group expected the business to grow strongly under the information technology company’s ownership.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
