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Black-owned group buys stake in Talbot & Talbot

12th April 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Black-owned investment holding company Thesele Group has, through a substantial equity transaction, acquired a 35% stake in South African water and wastewater solutions provider Talbot & Talbot.

Concluded last month, the transaction is in support of Talbot & Talbot’s growth objectives and represents a strategic addition to Thesele’s diverse portfolio.

“In addition to enabling us to make a significant, positive change in the empowerment of Talbot & Talbot, our partners at Thesele bring with them a broad network, valuable strategic input and access to capital to fuel the growth of the business,” Talbot & Talbot CEO Carl Haycock said in a statement published late last month.

He added that, beyond enabling Talbot & Talbot to achieve the milestone on its transformation agenda, Thesele shared every aspect of the company’s vision.

Thesele executive director Oliver Petersen said the company identified water infrastructure as a strategic investment theme and was drawn by Talbot & Talbot’s water and wastewater management solutions that had been implemented at numerous facilities across Africa.

“We are excited to partner with a highly qualified and experienced management team at Talbot & Talbot that is dedicated to leading the way in providing water recovery and wastewater treatment solutions for both private- and public-sector clients in South Africa and other markets where Talbot & Talbot is active,” he added.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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