South African water and wastewater solutions provider, Talbot & Talbot and Thesele Group a 100% black-owned investment holding company, have recently concluded a substantial equity transaction.
The deal, which has seen Thesele acquire a 35% stake in the business of Talbot & Talbot, represents a strategic addition to the the group’s diverse portfolio which includes major interests in financial services, industrials, transport, logistics and now water.
Commenting on the deal Carl Haycock, Talbot & Talbot chief executive officer says that in addition to helping the company to make a significant, positive change, their new partners bring with them a broad network, valuable strategic input and access to capital to fuel the growth of the business.
“Beyond enabling us to achieve this important milestone on our transformation agenda, Thesele shares every aspect of our vision and is completely in alignment with our future growth objectives, both within and outside South Africa’s borders,” he explains.
A strategic investment theme
Oliver Petersen, Thesele Group executive director says the group identified water infrastructure as a strategic investment theme and were drawn by Talbot & Talbot’s comprehensive water and wastewater management solutions implemented at numerous facilities across the continent.
“We are excited to partner with a highly qualified and experienced management team that is dedicated to leading the way in providing water recovery and wastewater treatment solutions to both private and public sector clients in South Africa and other markets where the company is active.”
The transaction was concluded in March 2019 and coincides with Talbot & Talbot’s celebration of 30 years of achievement in the provision of sustainable water and wastewater solutions across multiple industry sectors.