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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

Monica Tshaka

I wish to thank Monica for always being pleasant in whatever daily tasks she faces. She cleans our offices thoroughly following a daily routine and always with a smile on her face. Between everything, she still manages to make tea for us and always on time.

Well done Monica and a Big Thank You.

Timmy Bassett
Receptionist
GAC Laser

Riaan Pretorius

Your ability to arrange at very short notice, the rather early deliveries to Cradock and Grahamstown is, to say the least, brilliant.  You said the vehicles will leave at a certain time and so they did hence the early deliveries to both areas.

Your great planning and “don’t worry Dirk leave it to me” attitude, is something to be admired, and has saved the day in meeting our customer’s expectations, including Todwil.

Once again well-done and a huge thank you.

Dirk Coetzee
Sales Representative
Time Freight

Kabelo Malema

Thank you to Kabelo and Karishma for always being willing to assist and guide work related matters with a smile.

They take time out to guide you in the right direction and explain to you clearly the right and wrong of a situation.

Monique da Gama
CSD Agent
Dawn Wing

Ronald Harrison

Ronald, you have received the following outstanding customer feedback:

“Thank you for following through and keeping a customer happy.”
(Richard Verkuil – Returns Supervisor, JD Group)

Thea Strydom
Customer Service Manager
Time Freight

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

Leonora Rutledge

Leonora does a fantastic job in her role within the CSD department, her work is of high standard and she communicates well with customers.

We have received very positive feedback from a customer and want to thank her for a job well done.

Len Swanepoel
Warehouse Manager
Laser Logistics

Edroy Ridderhof

John, Edroy and Mooiman, you have received the following outstanding customer feedback:

“I just want to say a big thank you, for the late collection last night at Bio Earth Somerset West. We are very happy with your service. There were 3 trucks of TIME FREIGHT just to make sure all the pallets were collected.

A Big thank you for your excellent service, really appreciate it!!!”
(Renee Simons of Bio Earth Somerset West)

Thank you John, Edroy and Mooiman.

Candice Williams
Operations Manager Day Shift
Time Freight

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