South Africa: PAPE Fund Managers receives go-ahead for deal

Posted on: 5 May, 2020 at 5:24 PM

South Africa’s Competition Commission has approved the proposed merger whereby PAPE Fund III intends to acquire EOEC and Dispense Logic, a group involved in the supply of beverage dispensing equipment, refrigeration systems and air conditioning units.

PAPE Fund III, managed by PAPE Fund Managers, is a R950 million (about $51.72 million) generalist private equity fund investing in unlisted, mid-cap SME investments operating predominantly in South Africa.

The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public interest concerns.

Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at for our rate card and more information.