Black-owned and -managed private equity firm Bopa Moruo has sealed first transaction by acquiring 25% stake in Auto Trader BOPA MORUO, a 100% black-owned and -managed private equity firm, has sealed its first transaction by acquiring a 25% stake in Auto Trader SA, a print and digital platform for buying and selling second-hand cars.Bopa Moruo means "create wealth" in Sotho. It is headed by two seasoned Johannesburg dealers, Nthime Khoele and Boitumelo Tlhabanelo, who are the sole shareholders. Bopa Moruo paid between R25m and R75m for Auto Trader SA in a syndicated deal alongside RMB Corvest, a division of FirstRand, and Stockdale Street, one of the investment arms of the Oppenheimer family, as well as the management of Auto Trader SA.The enterprise was acquired from UK holding company Trader Media Group, which owns various motoring brands and is jointly owned by Guardian Media Group and Apax Partners."This is the first deal we have done, but not for a lack of opportunities," says T...
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