Kwikspace Modular Buildings sold February 25, 2009
By Mzwandile Jacks
A consortium of private equity investors led by Absa Capital Private Equity and Vantage Capital has acquired Kwikspace Modular Buildings for R683 million.
Andre Pieterse, chief executive of Absa Capital Private Equity, said on Tuesday the offer was implemented via a scheme arrangement between Kwikspace and its shareholders.
"This buyout represents a new and exciting phase in this relationship," said Mutle Mogase, Vantage Capital's director on the Kwikspace board. - Mzwandile Jacks
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