Ethos Capital to unbundle Brait while CEO Hayward-Butt resigns
Ethos Capital has announced it will unbundle Brait, the Christo Wiese-linked private equity firm, while the joint CEO of the two companies has also resigned.
Peter Hayward-Butt, who is joint CEO of Ethos Capital and Brait, has resigned and will be replaced by Anthonie de Beer from 1 July this year. De Beer has spent more than two decades at Ethos Private Equity, effectively the parent company of Ethos Capital that is now known as The Rohatyn Group following its buyout by the US investment firm in early 2023.
Ethos Capital, which is the JSE-listed capital raising vehicle for Ethos Private Equity , announced Hayward-Butt's resignation along with the plan to unbundle Brait in a trading update on Monday. As part of the trading update, Ethos Capital said its net asset value per share , which at this point still includes the Brait investment, rose 1.8% in the three months to end-March from R7.31 to R7.44.South Africans need to be in the know if we want to create a prosperous future.
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