Sanlam Private Equity Buys Controlling Stake In SkipWaste
Sanlam Private Equity Buys Controlling Stake In SkipWaste. Sanlam Private Equity has announced that it has acquired a majority stake in SkipWaste, a South African environmental services company. SkipWaste are leaders in providing Integrated Waste & Environmental Management Solutions to all areas of industry and business. Committed to building a greener future for South Africa through innovative technology and conscious environmental responsibility.
Skipwaste(Pty) Ltd aims to be forward thinking, environmentally conscious and committed to a greener future for South Africa. With an expert approach to waste management and environmental responsibility, offering comprehensive services of waste management systems through to reporting mechanisms, aligning with Environmental Legislation. Skipwaste(Pty) Ltd. contributes to holistic, integrated waste management on a national scale for all city, suburban and industrial waste streams, with a reduce, re-use and recycle philosophy.
SPE, a division of Sanlam Investments, made the acquisition through its new private equity fund, SPE Mid-Market Fund I (“the Fund”), one of three impact-focused funds in the Sanlam Investors’ Legacy Range launched in 2020 to create and preserve 27 000 jobs while still delivering value for investors. SkipWaste becomes the fourth acquisition in the Fund, following that of Cavalier Group, Absolute Pets and Q Link, announced in May last year.
SPE investment associate Gift Pule told Engineering News that, “Besides its long track record, strong market share in waste logistics and experienced management, SkipWaste was particularly attractive to us as it neither owns nor operates landfill sites and it has a strategic focus on diverting waste towards alternative and more sustainable forms of waste disposal.”
