EPE Capital Partners Ltd (JSE:EPE) agreed to acquire an unknown minority stake in Black Hawk Private Equity (Pty) Ltd from the shareholders for ZAR 0 on June 24, 2024. When this transaction is implemented, it will result in an indirect acquisition of Black Hawk's Ethos Capital shares and the associated debt; and will have no impact on the Group's NAVPS given that Black Hawk's Ethos Capital shares and associated debt have already been consolidated in the group results. Black Hawk Private Equity Proprietary Limited is owned by non-executive directors of Ethos Capital and their associates, which holds 13.5 million Ethos Capital shares.