South Africa’s PAPE Fund 3 acquires stake in DDS Group

SOUTH AFRICA – PAPE Fund 3, a mid-capital South African private equity fund has acquired a 45% of the equity in the DDS Group of companies, an African beverage dispensing and refrigeration services provider. DDS Group is the fund’s fourth investment, taking total capital drawn down to approximately 50% in the first two years of the fund’s 10-year timeline. Zuko Kubukeli , PAPE Fund Managers CEO and Principal, said: “We are looking forward to working with the DDS management team to scale the group and to identify and capitalise on…

Read More