Kloess Capital Acquires Minority Stake in Hirt & Carter Group to Support Global Expansion

Kleoss Capital has acquired an approximately 30% equity stake in Hirt & Carter Group (H&C Group), a leading South African retail marketing and technology company, to support the next phase of its local and international growth. The investment will help fund H&C Group's expansionn strategy, including the acquisition of KDM, a Cincinnati, Ohio-based retail-focused business, strengthening its presence in the United States.

The transaction was complex, involving the simultaneous sale of a subsidiary to another private equity investor, the cross-border acquisition of KDM, and a balance sheet restructuring completed at financial close. The deal reflects continued investor confidence in South African technology-enabled businesses with scalable international growth prospects.

Advisory Team:

DLA Piper Africa

Amy Eliason

Andrew Lewis

At van der Merwe

Megan Sturgeon

Monique Jefferson

Rakhee Singh