US-based specialised asset management firm Rohatyn Group has concluded its acquisition of South Africa’s Ethos Private Equity, a merger that will result in combined assets under management totalling some $8 billion . The price tag and terms of the acquisition remain undisclosed. Read: US asset manager Rohatyn Group buys Ethos Private Equity The deal, which was initially announced in November, is a critical move in Rohatyn’s expansion into the African continent.
Ethos CEO Stuart MacKenzie, said with the Rohatyn Group’s resources network and its deep understanding of the emerging market, the company has become better positioned to drive investment across the continent. Read: Ethos Private Equity spinoff creates black owned fund manger Headquartered in New York, Rohatyn’s presence is spread across 17 cities in the world, including Cairo, London and Mexico, among others. It is invested in 40 countries.
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