Sphere Private Equity

Established in 2003, Sphere Private Equity is a South African private equity firm focusing on investments in mid-market companies. The firm seeks to invest directly in medium to large quality established businesses that offer growth potential. Sphere Private Equity primarily invests as controlling or significant minority shareholders in growing companies within the industrial sectors. The firm's strategy emphasizes building lasting partnerships underpinned by trust and credibility, aiming to create tangible value for all stakeholders. Sphere Private Equity has a strong track record of responsible, well-informed commercial performance, contributing positively to South Africa's economy and socio-economy. The firm is majority black-controlled and managed, with 71% black ownership, including 31% women ownership, aligning with the principles of broad-based Black Economic Empowerment. Approximately 15% of the shares in Sphere are held by charitable organizations, benefiting over five million individuals across nine provinces in South Africa. In November 2024, Sphere Private Equity, in partnership with Old Mutual Private Equity, acquired a 100% stake in Much Asphalt, South Africa's largest commercial manufacturer of asphalt and bituminous binders and emulsions. This investment underscores Sphere's commitment to infrastructure development and economic growth in the region. The transaction was valued at R1.1 billion and was financed through a combination of debt and equity. The deal was expected to close during the first quarter of 2025, subject to customary regulatory approvals. Sphere Private Equity's approach combines financial acumen with a deep understanding of the South African market, enabling the firm to identify and nurture high-potential businesses. By focusing on strategic sectors and fostering strong partnerships, Sphere aims to drive sustainable growth and deliver meaningful returns to its investors and partners. The firm's dedication to empowerment and community development reflects its broader commitment to social responsibility and economic transformation in South Africa.