Benchmark International successfully facilitated a Management Buy-Out transaction between MIP Industries (Pty) Ltd and an ESOP
Benchmark International is proud to announce that MIP Industries (Pty) Ltd have successfully concluded a partial Management Buy-Out transaction, with an ESOP (Employee Share Ownership Plan). The transaction marks a pivotal step toward a stronger, more sustainable future for MIP Industries (Pty) Ltd, setting the stage for rapid expansion and long-term prosperity.
MIP Industries (Pty) Ltd is a South African process equipment manufacturing company, offering customised process solutions for the mining, minerals processing and related industries. The company provides a custom-designed range of mineral processing and gas cleaning equipment to meet clients’ specific requirements. MIP Industries boasts strong relationships with some of the world’s leading international brands, many of which have granted exclusive African distribution rights to the company, paving the way for a rapidly growing international footprint in over 5 continents.
Philip Hoff, Managing Director of MIP Industries (Pty) Ltd, commented on the transaction: “This signals the next chapter in MIP’s future to ensure the company’s growth continues. A younger and invigorated management team will drive customer service and expansion”.
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Philip Hoff, Managing Director of MIP Industries (Pty) Ltd, commented on the transaction: “This signals the next chapter in MIP’s future to ensure the company’s growth continues. A younger and invigorated management team will drive customer service and expansion”.
Johann Haasbroek, Transaction Director at Benchmark International, stated: “We are delighted to have supported and facilitated the successful completion of a partial management buy-out transaction led by the existing leadership team. This transaction marks an important milestone for the MIP’ Group, positioning it for continued growth, sustainability, and strategic expansion. We look forward to MIP’s next phase of development, underpinned by management’s active involvement and continued support for the company’s key stakeholders.”
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