0860 052737

New dawn for Laser Group with BBBEE deal

One of South Africa’s largest independent logistics companies, the Laser Group (Pty) Ltd, has concluded a significant BBBEE transaction making it one of only a few in the sector that is majority black-owned.

The transaction, settled on July 30, saw a management consortium led by Laser Group CEO Iain Johnson, Chairman Philip Hayes alongside PAPE Fund Managers through its boutique private equity fund, PAPE Fund 3, acquire 100% of the equity of the Group.

PAPE Fund Managers (Pty) Ltd is a level-1 BEE rated fund manager, with shareholders that include the Cala Foundation Trust – a broad-based education and health upliftment trust that benefit rural women in the Eastern Cape.

Through the deal, PAPE acquired 48.3% equity interest in Laser.

The Group’s 51% black ownership is comprised of the black participation in Laser’s management consortium as well as the significant investment from PAPE.

Laser is now one of the few independent logistics players in South Africa that is majority black-owned thanks to the new deal,” – says Johnson

With turnover in the 2017 financial year exceeding R2.4 billion, Laser is privately owned with diverse interests in express distribution, specialist front door and back door retail distribution and international clearing, forwarding and project logistics.

The Group employs more than 3 500 people and operates a fleet of over 1 000 vehicles from 110 facilities across South Africa.

Johnson says transformation in the business is a major step in the right direction as the Group is committed to furthering the objectives of the country’s BBBEE agenda.

All of the Group’s operating businesses – DPD Laser, Dawn Wing, Time Freight, Laser Logistics and GAC Laser – stand to benefit from the transaction.

Hayes points out that transformation for a business like theirs is non-negotiable.

Our significant investments over the past few years in infrastructure, IT, people and processes have all been geared toward improving the customer experience.”

He goes on to explain that the PAPE deal serves to accelerate the Group’s competitiveness and relevance in e-commerce, healthcare, automotive, retail and business-to-business markets.

Welcoming the deal, PAPE CEO Dr Zuko Kubukeli says Fund 3’s mandate is to deploy investors’ capital into targeted mid-cap, unlisted South African businesses that demonstrate high growth potential with the opportunity to transform the economy.

Laser is a well-established enterprise with a highly competent management team and pedigreed international partners. PAPE Fund 3 views this business as holding enormous potential for future growth and expansion,” – says Kubukeli

PAPE Fund 3 realised its first closing in July this year with R471 million in initial capital commitments. Investors in the fund include the Public Investment Corporation (PIC), the Eskom Pension and Provident Fund and FMO: the Dutch Entrepreneurial Development Bank. Pape Fund 3 will continue raising capital commitments to a hard-cap target of ZAR1.2bn by June 2019.

This transaction brings to our group a level-1 BEE rated shareholder with whom we can engage to grow our business in our core and new niche markets. The transaction has also enabled and empowered the executive team to take ownership of the business and grow it to new levels of performance and profitability,” – Hayes concludes

Shane Swemmer

Thank you Shane for your quick action in limiting the damage to cargo in the warehouse during the horrific storm in Durban this week. You and your team made me so proud and your commitment and loyalty to our company is highly valued.

Carol Holland
Regional Managing Executive
GAC Laser

Morne Els

I just want to thank Morne on always setting the pace in PE – he is a great mentor and someone to look up to.

Thank you Morne.

Jeandre Van Eck
Depot Supervisor
Time Freight

Booisen Masango

I want to say thank you to Booisen for the fantastic job he has been doing. His hard work and dedication has really helped us out during a difficult time in our company. I also know that both before and during this time he has worked tirelessly to keep our department going. Not only does he complete excellent quality work himself but we have seen him helping co-workers as well.

Booisen comes in early, stays late and even uses his lunch break to help pitch in and get things done. Furthermore he does all this with a fantastic attitude and willing disposition.

Thank you Booisen.

Meshack Khakhu
Late Shift Manager
Laser Logistics

Michael Rantsie

Michael didn’t hesitate to collect a parcel from the client within 15 minutes of closing time and he was back from the route already.

Other than that he is very helpful and hands on – thank you Michael.

Andronicca Mokoape
Customer Service Team Leader
Dawn Wing

Christopher Pillay

Thank you Christopher for your wonderful friendly and helpful nature in providing our company with excellent service.

You are a bright light whenever you come into our offices and we truly appreciate this.

Carol Holland
Regional Managing Executive
GAC Laser

NEW This can be a special notice or whatever if ever needed to feature something important for a period of time. Learn more

Ready to get started? Let’s talk.

Get in touch

Ready to get started? Let’s talk.

Get in touch