Kleoss Capital, a 100% black-owned private equity firm, has acquired a controlling stake in packaging company TrenStar, signaling its commitment to both investment growth and black economic empowerment in South Africa.
Information on the Target
Kleoss Capital has acquired a controlling stake in TrenStar, a packaging firm, marking its entry into the market following the exit of Vantage Capital, a previous private equity investor, and its empowerment partner, African Women Chartered Accountants Investment Holdings. This acquisition positions Kleoss Capital to impact the packaging industry significantly, leveraging both its operational expertise and its commitment to black economic empowerment.
The controlling stake in TrenStar was complemented by financial backing from Leaf Capital and engagement with TrenStar's management team. Together, Leaf Capital and Kleoss Capital now hold a combined 74% share in TrenStar, with Kleoss Capital retaining a majority of this stake. This collaboration underscores a strategic approach to enhancing the operational capacity and market presence of TrenStar.
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Industry Overview in South Africa
The packaging industry in South Africa is experiencing notable growth, driven by increased demand across multiple sectors including food and beverage, consumer goods, a
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KLEOSS Capital
invested in
TrenStar
in 2014
in a Buyout deal