South African PE group Alterra is set to support a vehicle manufacturing venture
In a potential game-changer for the commercial vehicle industry in Africa, a consortium led by Alterra Capital Partners is reportedly in discussions to acquire a specialized commercial vehicle manufacturer. The identity of the vehicle maker remains undisclosed, but this deal marks the second joint venture for Alterra Capital Partners following their acquisition of Chill Beverage last year.
Based in Johannesburg, Alterra Capital Partners is a private equity firm that was spun out from Carlyle Africa in 2020. The firm has recently secured a Limited Partner (LP) from Europe for its first independent fund, demonstrating its growing influence in the market.
The consortium, which also includes Mineworkers, is said to be considering the acquisition of a commercial vehicle manufacturer. If finalized, this deal could significantly impact the industry, potentially altering the market share of existing manufacturers.
While the specifics of the transaction are not yet disclosed, VCCircle reports that the deal is being backed by a consortium led by Alterra Capital Partners. However, the article, which is premium content, does not reveal the name of the vehicle maker or provide full details of the transaction.
This potential acquisition follows Alterra Capital Partners' exit from a legacy asset, signalling their continued commitment to strategic investments in the African market. As the deal progresses, the industry awaits the identity of the commercial vehicle maker and the implications this acquisition may have on the industry.
Alterra Capital Partners, having demonstrated its growing influence in the market with a recent acquisition of a Limited Partner from Europe, is reportedly considering investing in a commercial vehicle manufacturer, marking another potential strategic investment in the African market. This possible acquisition could significantly impact the industry and alter the market share of existing manufacturers.
