Ethos-backed consortium acquires controlling stake in African logistics business RTT

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rttA consortium led by Ethos Private Equity has bought a stake of around 80 per cent in African parcel distribution company RTT Group.

The consortium also includes African Development Partners II, which is managed by Development Partners International (DPI) and the Government Employees Pension Fund (GEPF).

RTT’s current senior management team and a black empowerment staff trust will hold the remainder of RTT’s share capital.

Ethos partner Anthonie de Beer said, “With a leading market position and differentiated business model, the consortium considers RTT a very attractive investment opportunity. RTT’s management team is experienced and energised; we look forward to collaborating with them to grow RTT to achieve full potential.”

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