Investment Advisor

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An investment and administration services agreement with BML, the main investment company in the Brait group of companies, sets out the terms by which the contracted Investment Advisor provides the requisite accounting, administration, corporate finance, investment advisory, investor relations and general corporate secretarial services to Brait on a non-discretionary basis.
Pursuant to The Rohatyn Group (“TRG”) acquisition of Ethos Private Equity ("EPE”), TRG has formally been appointed by the Brait Board to replace EPE as BML’s contracted investment advisor with effect from 1 April 2023. All key members of the EPE team previously responsible for providing these contracted services to Brait have transferred their employment to TRG and remain in their roles:
The Board approved one-year extension to 31 March 2024 of the contract taken over by TRG is unchanged at R65 million and existing incentives remain in place to ensure alignment with investors in executing Brait’s strategy to unlock value for Shareholders through asset unbundling as soon as practicable.
The Board has approved a further one-year extension of this contract with TRG to 31 March 2025 at a fee of R50 million, which is subject to a three‑month notice period.

About the investment advisor, TRG:

Founded in 2002, The Rohatyn Group specializes in emerging markets and real assets. Headquartered in New York, the firm employs over 180 professionals based in 17 countries across North and South America, Europe, the Middle East, Africa, India, Southeast Asia, and Oceania. The majority of the firm is indirectly owned by its partners.
For more information on TRG, please see