SAVCA 2015 · SAVCA 2015 Members’ Directory SAVCA 2015 Members’ Directory Private Equity and Venture Capital in Southern Africa Investing for Growth Investing for Good

SA

VC

A 2015 M

embers’ D

irectory

SAVCA 2015 Members’ DirectoryPrivate Equity and Venture Capital in Southern Africa

Investing for GrowthInvesting for Good

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SAVCA MEMBERS’ DIRECTORY 2015 3

Contents

Chairman’s Statement

Dave Stadler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

SAVCA member matrix

A summary guide to SAVCA’s full members . . . . . . . . . . . . . . .8

Full members

Details for SAVCA full members . . . . . . . . . . . . . . . . . . . . . . .23

Associate members

Details for SAVCA associate members . . . . . . . . . . . . . . . . .122

Contents

Contact:+27 11 268 [email protected]

SAVCA Members’ Directory editor:Erika van der Merwe (CEO)

Advertising sales, co-ordination & administration:Lauren du Toit

SAVCA MEMBERS’ DIRECTORY 2015

Chairman’s Statement DAVE STADLER

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moving beyond private equity

SAVCA, as the industry representative for private equity and venture capital in Southern Africa, extended its reach even further during the past year. I am pleased that our organisation, which this year celebrates its seventeenth anniversary, now counts 89 private equity fund managers as full members, and has 50 fi rms registered as associate members.

The increasing diversity and scope of the SAVCA membership is refl ected in this 2015 SAVCA Members’ Directory, which lists funds across the spectrum of size, geography, industry and nature of funding provided. The modest but steady rise in the number of SAVCA’s full members over the past year bears out the view that the industry continues to recover, and that more managers are tapping into the institutional funding available for private equity and venture capital in Southern Africa and in neighbouring regions. SAVCA continues to promote this alternative asset class to investors and to expand its reach to potential Limited Partners.

Cont on page 6

6 SAVCA MEMBERS’ DIRECTORY 2015

DAVE STADLER

Cha

irman

’s St

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Chairman’s Statement cont.

TRUST IS BUILT ON CONSISTENCY

THAT’S INSIGHT

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Notable, too, is growth in the number of SAVCA’s associate members, who fulfi l essential advisory functions tothe private equity and venture capital market. Legal, compliance, corporate fi nance, structuring, audit, tax, environmental and other services are represented by associate members listed in this directory. They collectively signify the depth of talent and expertise available to the local industry.

The bringing together of a record number of members into this single publication is symbolic of SAVCA’s role in connecting industry players and providing a unifi ed industry voice.

In fulfi lling its mandate of promoting the private equity and venture capital industry in Southern Africa, building its membership base, covering legal and regulatory developments affecting the industry and producing high-quality research and training for its members, SAVCA over the past year generated numerous networking, information and training sessions for members, key stakeholders and institutional investors.

SAVCA also has published a range of research publications touching on subjects such as the economic impact of private equity, institutional investors’ views on African private equity, remuneration in the local industry, the three-decade history of private equity in South Africa and a compilation of case studies from private equity portfolio companies which demonstrate the positive impact that the industry has on the economy, environment, society and governance.

SAVCA’s representatives have spent hours researching legal and regulatory developments and meeting with senior policymakers and legislators on key matters affecting the industry. SAVCA has communicated with members and stakeholders across a variety of platforms and at regular intervals on industry developments.

This work is underpinned by SAVCA’s board of directors, formally selected by members and representing a diversity of fund managers. These fourteen directors, thirteen of whom are non-executive, commit substantial time to serve the industry with integrity and passion.

We thank all our members and the broader stakeholder community for their support of SAVCA and for their role in cultivating an industry that is a force for good, through active stewardship and positive impact on businesses and economies, and by ensuring sustainable returns for investors.

Dave StadlerChairman: Southern African Venture Capital and Private Equity AssociationJune 2015

FULL MEMBER

8 SAVCA MEMBERS’ DIRECTORY 2015 SAVCA MEMBERS’ DIRECTORY 2015

Matrix reference FULL MEMBER

9

Matrix referenceMat

rix re

fere

nce

Full members Fund nameFund size or funds invested to date

Minimum investment Maximum investment

Start-ups investment Excluded industries

Abraaj Group Aureos Africa Fund (2008)Africa Health Fund (2009)Abraaj Buy-out Fund IV (2008)Abraaj Africa Fund III

US$381 millionUS$105 millionUS$1,6 billionUS$990 million

US$10 million US$100 million No Gambling, alcohol (excluding beer and wine), tobacco and armaments

Acorn Equity Acorn Agri (Pty) Ltd

Acorn Africa Fund

R600 million (target R3 billion, open to new investors) US$20 million

R50 million R500 million No Mining, oil, gas, primary property

Actis Actis Africa Fund 2 and Canada Investment Fund for Africa (CIFA)Actis Africa Fund 3

Actis Africa Fund 4

US$566 million across AfricaUS$910 million across AfricaUS$780 million across Africa

US$50 million US$200 million/ US$250 million

No Military and gambling

Adinah Capital Partners Adinah Capital Partners Open-ended R5 million R100 million Early stage Alcohol, tobacco, gambling and military weapons

African Infrastructure Investment Managers (Pty) Ltd

South Africa Infrastructure FundAfrican Infrastructure Investment FundKagiso Infrastructure Empowerment FundAfrican Infrastructure Investment Fund 2Apollo Investment Partnership II

R1,855 millionR1,320 millionR649 millionR4,175 millionR444 million

R200 million R900 million No Weapons, tobacco, alcohol and radioactive materials

Agri-Vie (SP Fund Managers) Agri-Vie: Africa Food & Agribusiness Investment Fund US$100 million R20 million R100 million Limited early stage, development capital

Only interested in food and beverages, vertically integrated agribusiness, fi bre, agrilogistics & services, agricultural inputs, renewable energy

AngelHub Ventures AngelHub Ventures Open-ended R500 000 R10 million Yes Capital intensive and NGO/non-profi t organisations

Ashburton Investments Ashburton Private Equity Fund I R750 million (target)

R30 million R100 million No Resources, primary agriculture, venture capital, turnaround strategies and property

Ata Capital (Pty) Ltd Ata Fund I & II Fund I: R170 millionFund II: R120 million

R5 million R125 million No n/a

Athena Capital AIH Limited US$50 million US$5 million US$10 million No Resources, property

Botswana Development Corporation (BDC) BDC n/a BWP30 million Up to 10% of NAV Early stage Illegal products or activity, radioactive materials, unbonded asbestos, pharmaceuticals, chemical compounds and other harmful substances, ozone-depleting substances, tobacco, wildlife or wildlife products, involving harmful or exploitative forms of forced labour and/or child labour

FULL MEMBER


Matrix referenceM

atrix

refe

renc

eM

atrix referenceFULL

MEMBER

11




Brait Private Equity Brait IBrait IIBrait IIIBrait IVBraitecProprietary investing

R228 millionR690 millionUS$409 millionUS$880 millionR277 millionOpen-ended

R800 million None No None

Bright On Capital Bright On Capital New fund R50 000 R5 million No None

Business Partners Limited General FundProperty and Property Joint Venture FundsThe Business Partners-Khula Start-up FundBusiness Partners Limited Venture FundBusiness Partners Limited Manufacturing FundBusiness Partners Limited Education SME Fund

R500 000R500 000R150 000R500 000R500 000R500 000

R30 millionR30 millionR300 000R10 millionR30 millionR30 million

n/a Agriculture and on-lendingAgriculture and on-lendingAgriculture, sin industries and on-lendingAgriculture and on-lendingAgriculture and on-lendingAgriculture and on-lending

Capitalworks Investment Partners (Pty) Ltd Capitalworks Private Equity Fund ICapitalworks Private Equity Fund II

R1,5 billionR2,7 billion

R100 million R500 million No Real estate, oil & gas exploration

Carlyle Group Carlyle Sub-Saharan Africa Fund Limited (CSSAF) US$698 million US$40 million n/a No Primary agriculture, mining, real estate, construction, hospitality

Citizen Entrepreneurial Development Agency (CEDA)

Coast2Coast Investments Coast2Coast R2,8 billion R50 million R5 billion No Mining, agriculture, technology

Collins Private Equity Holdings (Pty) Ltd Collins Private Equity R250 million Nil R40 million No None

Convergence Partners Convergence Partners Communications Infrastructure Fund (CPCIF)Convergence Partners Investments (CPI)

R1,7 billion

R1 billion

CPCIF - R58 million

CPI - R5 million

CPCIF - R350 million

CPI - no maximum

No Non-ICT

Development Bank of Southern Africa R100 million R250 million No Mining, hospitality & tourism and agriculture

DPI African Development Fund II US$724 million(R4,100 million)

R110 million R850 million No Tobacco, gambling, alcoholic beverages (excluding beer and wine)

Edge Growth Vumela Enterprise Development Fund 1.0Vumela Enterprise Development Fund 2.0ASISA Enterprise Development FundEdge Action Fund

R161 millionR277 millionR50 millionR13 million

R2 million (Vumela)

R1 million (ASISA)R50 000 (Action)

R20 million (Vumela)

R5 million (ASISA)R1 million (Action)

Yes Direct mining, property, arms, tobacco

Emerging Capital Partners - ECP ECP Africa Fund III US$613 million US$30 million US$100 million No Arms and ammunition, tobacco, gaming and alcohol

Enablis Financial Corporation SA Khula Enablis Loan FundKhula Enablis SME Acceleration Fund (investment period ended)

R40 millionR50 million

R100 000R25 000

R5 millionR2,5 million

No n/a

FULL MEMBER


Matrix referenceM

atrix

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eM

atrix referenceFULL

MEMBER

13




Ethos Private Equity Fund VFund VITech Fund I

R5,5 billionR7,6 billionR270 million

Fund VI: R750 million

Fund VI: R3 billion and greater in consortium

No Start-ups, mining, gambling and equivalent enterprises, greenfi eld, brownfi eld

Fig Tree Fund Management Limited Fig Tree Resources Fund II Limited Currently in the process of being raised, seeking between US$150-US$250 million

US$10 million US$25 million No Exclusive minerals focused

4D Innovative Capital (Pty) Ltd 4Di Capital Fund I - R100 000 R5 million Yes None

Global Capital (Pty) Ltd Global Capital Fund No. 4 R250 million R50 million No limit No Mining

Global Environment Fund GEF Africa Sustainable Forestry Fund (ASFF)GEF Africa Growth Fund (AGF)


US$5 million No limit No Venture

Grindrod Bank Private Equity Grindrod Bank Private Equity R100 million R10 million R30 million No No exclusions

Grovest Venture Capital Company (Pty) Ltd Grovest Venture Capital Fund Raising R100 million

R3 million R10 million Yes - early stage

Property, mining, agriculture, arms, tobacco, gaming & alcohol

Harith General Partners Pan African Infrastructure Development FundPan African Infrastructure Development Fund 2

US$630 millionUS$439 million

US$20 million US$100 million No Arms, liquor, gambling and child labour

Horizon Equity Partners Horizon Equity Fund III R300 million R20 million R60 million No Property, gambling, tobacco, alcohol, armaments, mining and primary agriculture

iCubed Capital (Pty) Limited iCubed SME Investment Fund R50m R50 000 R5 000 000 Yes Gambling, liquor, sin industries & arms and ammunition

Identity Fund Managers (Pty) Ltd IDF 1IDF 2

R149 millionR500 million (committed R225 million by 31 March 2015)

R250 000 R30 million No Gambling, military, speculative real estate

Imbewu Capital Partners Consulting n/a n/a R1 million n/a n/a None

Industrial Development Corporation of South Africa Ltd

Agro-Processing Value Chain, Industrial Infrastructure & New IndustriesMetals Value ChainHigh Impact

n/a R1 million Dependent on nature of transaction

Yes Gambling

Inspired Evolution Investment Management (Pty) Ltd

Evolution One FundEvolution II (announced 2015)

US$90 millionTarget - US$250 million

R20 million R200 million Some seed capacity for early infrastructure

Tobacco, alcohol, gaming, fi xed asset (property), defence, select environmental category exclusions

Invenfi n Invenfi n Undisclosed n/a n/a Yes Property & traditional infrastructure, manufacturing infrastructure, primary agriculture, service businesses, gambling, franchisee operations

FULL MEMBER


Matrix referenceM

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15




Investec Asset Management Private Equity Investec Africa Private Equity Fund 2 Fund 1: R1,5 billionFund 2: R3,5 billion (target size)

R150 million R700 million No Sector agnostic

Investec Principal Investments Investec Principal Investments Open-ended EV greater than R150 million

No limit No Primary agriculture, mining & property

Jarvie Group Independent n/a No Minimum R100M Development Capital and Buyout

None

Kagiso Tiso Holdings (Pty) Ltd Kagiso Tiso Proprietary Limited On balance sheet R250 million Dependent on nature of transaction

No n/a

Ke Nako Capital (Pty) Ltd Ke Nako Private Equity Fund Trust (Commitment period closed)Ke Nako Fund II end commandite partnership (Commitment period open)Alternative Equity Partners (Commitment period closed)SA Pension Fund (Commitment period open)

R3,3 billion n/a n/a No None

Kleoss Capital Kleoss Fund I R750 million (First Close - targeting R1,2 billion)

R50 million R150 million No Direct mining and real estate, although the fund will invest along the value chain

Knife Capital Here Be Dragons ('HBD') VC R138 million R5 million R30 million No Morally objectionable industries

Leaf Capital (Pty) Ltd Leaf Private Equity No. 1Leaf Capital Infi nitus

R48 millionOpen-ended, currently R515 million

R50 million R150 million No Property development and mining exploration

Makalani Management Company (Pty) Ltd Makalani Holdings Limited (Fund I)Makalani Fund II


R20 million R150 million No Alcohol (excluding beer and wine), armaments, gambling, residential property, tobacco and derivative speculation

Medu Capital Medu Capital Fund IMedu Capital Fund IIMedu Capital Fund III

R300 millionR900 millionR1 billion


Mergence Mergence Infrastructure Equity Fund Target Fund Size:R1.5 billion


Metier Metier Capital Growth Funds

Lereko Metier Sustainable Capital Fund

Predecessor fund - R3,5 billion, Successor fund - fund raisingR690 million

R50 million

R20 million

R750 million

R100 million

No Spirits and gambling

Unbankable technology

Musa Capital Fund Managers Musa Kubu Fund R575 million R25 million R100 million No Alcohol, tobacco, gambling, weapons and military

FULL MEMBER


Matrix referenceM

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17




Nedbank Capital Private Equity Nedbank Capital Private Equity R1,3 billion R30 million R150 million No Real estate, primary agriculture

Nodus Equity Nodus Equity Open-ended, currently R200 million

R10 million R50 million No Agriculture, mining, property

Novare Equity Partners (Pty) Ltd Novare Africa Property Fund INovare Africa Property Fund II


R57 million R229 millionR286 million

Yes All except property

Old Mutual Alternative Investments OMPE Fund IVOld Mutual Multi Manager Private Equity Fund IIIOMIGSA International Private Equity Fund of Funds IIOMIGSA Africa Private Equity Fund of FundsIDEAS FundFinancial Sector Charter FundHousing Impact Fund South AfricaSchools and Education Investment Impact Fund of SA

R4 billionR600 millionUS$250 millionUS$75 millionR8,5 billionR5,8 billionR9,1 billionR1,2 billion

R75 million R2 billion No Fund specifi c

Paean Private Equity Paean Private Equity 1 n/a R50 million R125 million No None

Pan-African Private Equity 1 Fund Managers (Pty) Ltd ("PAPE")

Pan-African Private Equity Fund 1 (PAPEF1)

Pan-African Private Equity Fund 2012 (PAPEF2012)

R250 million (fully invested)R300 million (still investing)

R20 million R120 million No Property

Pembani Remgro Infrastructure Managers (Pty) Ltd

Pembani Remgro Infrastructure Fund Target size of US$400 million

None Not more than 15% of aggregate commitments in greenfi eld or infrastructure associated companies and not more than 20% of aggregate commitments in existing infrastructure projects.

No Resources, mining and extraction activities

Phatisa African Agriculture Fund (AAF)

Pan Africa Housing Fund (PAHF)

US$246 million/R2,8 billion (fi nal closed)US$41,95 million/R494 million (fi nal closed)

US$5 million/ R53 million

US$2 million

10% of fund size

15% of fund size

No Forestry, tobacco and bio-fuels

Principal Partners Principal Partners No fund - independent private partnership

R10 million R50 million Early stage No preference

Public Investment Corporation Isibaya Fund

Private Equity

R144 billion (9% of GEPF AuM)R96 billion (6% of GEPF AuM)

R10 million Usually not more than R2 billion

Early stage Gambling, high risk projects and ammunition

FULL MEMBER


Matrix referenceM

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19




RH Managers (Pty) Ltd Razorite Rehabilitation and Healthcare Fund R1,6 billion R50 million R150 million Early stage Non-healthcare

RMB (Private Equity, RMB Ventures SA & Leveraged Finance)

RMB Private Equity

RMB VenturesRMB Leveraged Finance, a business unit within Rand Merchant Bank (a division of FirstRand Bank Ltd)

Open-ended, current value invested R12.8 billionOpen-endedOpen-ended

n/a


n/a

R750 millionNone

No n/a

Primary mining, agriculture, propertyProperty, resources and infrastructure

RMB Corvest (Pty) Ltd RMB Corvest Open-ended R30 million R500 million No Mining, agriculture and property

Rockwood Private Equity Rockwood Fund I R4,2 billion R250 million R1 billion No Primary agriculture, property, armaments and mining

Sanari Capital Sanari Ventures Fund I Fundraising R200 million

R5 million R40 millionR150 million for Sanari Capital deal-by-deal investments

No Financial institutions, real estate, consulting and advisory services, gambling, liquor, tobacco, arms or ammunition and mining

Sanlam Private Equity n/a (notional funds) R3,9 billion R100 million R250 million No Property, mining and primary agriculture

Sasfi n Private Equity Fund Managers Sasfi n Private Equity Fund circa R500 million R10 million R40 million No Direct resources

Senatla Capital Senatla Capital Empowerment Fund I

Senatla Capital Empowerment Fund II

R102 million (fully invested & closed)R200 million (fi rst close); raising additional capital

R10-25 million R50 million No None

South Suez Capital Limited South Suez Africa Fund Ltd (SSAF I)

South Suez Africa Fund II LP (SSAF II)

Africa Opportunities Managed Account LP (AOMA)

US$674,9 million None SSAF I: 20% in Secondary investment; 20% in Co-investment & 30 % in Single Underlying FundSSAFII: 30% in Secondary investment; 30% in Co-investment & 30% in Single Underlying Fund

No None

Sphere Private Equity (Pty) Ltd Sphere Private Equity Fund I R302 million n/a n/a No n/a

Spilled Water SWIP Strategic Energy Fund Currently R250 million in cash holdings, will close at R1 billion

n/a n/a No Strong preference for renewables only, all other industries excluded

Standard Chartered Private Finance Standard Chartered Private Equity n/a US$30 million US$150 million No Military and tobacco

FULL MEMBER


Matrix reference


Minimum investment

Maximum investment


Mat

rix re

fere

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Matrix reference

FULL MEMBER

21




Stanlib Asset Management Limited STANLIB Africa Direct Property Development FundSTANLIB Infrastructure Private Equity Fund 1

US$150 millionR1,189 billion

US$10 millionR50 million

US$50 millionR300 million

No Non-property sectorsNon-infrastructure

Stockdale Street Proprietary Stockdale Street Open-ended R200 million No maximum No Alcohol, tobacco, gaming, arms

Takura Capital Takura VenturesTakura II

US$20,2 millionUS$30,3 million

US$3 million US$7,5 million Yes Primary agriculture, primary mining, gaming, tobacco, armaments

Tamela Holdings (Pty) Ltd On balance sheet +R200 million n/a n/a No Primary agriculture, mining exploration

Tana Africa Capital Management (Pty) Ltd Tana Africa Capital US$300 million US$20 million US$75 million No Alcohol, tobacco, gaming, arms

Trinitas Private Equity Trinitas Private Equity Fund R670 million R40 million R150 million No Direct resources

TriVest- Contributing Investors n/a n/a n/a R20 million No Morally objectionable industries

Utho Capital Fund Managers Utho SME Infrastructure Fund R62,5 million R2 million R10 million No Gambling, alcohol, tobacco and armaments

Vantage Capital Group (Pty) Ltd Vantage Mezzanine Fund IVantage Mezzanine Fund II

R1 billionR1,9 billion

R50 million R350 million No Primary agriculture, low margin trading businesses, businesses selling arms, loss making operational turnaround opportunities, junior mining businesses

Venture Partners Botswana (VPB) CEDA Venture Capital FundVPB Namibia Growth FundVPB Growth FundVPB Namibia Growth Fund Two Limited

P200 millionN$160 millionP450 millionN$350 million

N$20 million N$70 million No n/a

Westbrooke Capital Management Westbrooke Aria Fundraising R20 million R50 million Growth capital, expansion capital

Zico Capital (Pty) Ltd Zico Capital Fund II R500 million R15 million R500 million Yes Resources, agriculture & properties


FULL MEMBER

23

Abraaj G

roupAbraaj Group

Physical Address: 1st Floor, The Place, 1 Sandton Drive, Sandton, South Africa Tel: +27 (0)11 884 2066 Fax: +27 (0)11 884 2067 Website: www.abraaj.com Key contact people: Ron den Besten, [email protected]; Sandeep Khanna, [email protected]; Lloyd West, [email protected]

FUND DETAILS

Name of funds: Aureos Africa Fund (2008); Africa Health Fund (2009); Abraaj Buy-out Fund IV (2008) Abraaj Africa Fund III Size of funds: US$381 million; US$105 million; US$1,6 billion; US$990millionNature of funds: General PE, growth capital for mid-cap companies as well as larger buy-outs Funds invested to date at cost: Not disclosed Sources of funds: International and local institutional investors Current portfolio size: 22; 10; 7; 1 Total number of private equity/venturecapital investments to date: More than 60 investments in Sub Saharan Africa since 2001 Number of investment executives: Global: 165; Sub Saharan Africa: 27

INVESTMENT PREFERENCES

Minimum/maximum investment: US$10-US$100Willing to syndicate: Yes Average current investment size: Not disclosed Industry preference: All Industries excluded: Gambling, alcohol (excluding beer and wine), tobacco and armaments Stage of investment: Later stage investments: MBO, MBI, expansions, secondary purchase, acquisitions and buy-outs, regional rolloutsAll stages except: Seed/venture capital, turnarounds, rescues Minimum and maximum equity usually taken: Signifi cant minority or control Geographical preferences: sub-Saharan Africa and MENASA

REMARKS: The Abraaj Group is a leading private equity investor in growth markets. Abraaj manages over US$ 9 billion in assets, operating through more than 25 offi ces in Asia, Africa, Latin America and the Middle East. Abraaj operates across four offi ces in Sub Saharan Africa and has made over 60 investments in the region since 2001.

FULL MEMBER


FULL MEMBER

25

Actis

Aco

rn P

rivat

e Eq

uity

Physical Address: Cradock Heights 1st Floor, 21 Cradock Avenue, Rosebank, 2196Tel: +27 (0)11 778 5900, E-mail: [email protected], Website: www.act.isKey contact person and designation: Chantal Clark (Head of Operations - Africa)

FUND DETAILSName of fund: Actis Africa Fund 2 and Canada Investment Fund for Africa (CIFA)Size of fund: US$566 million across AfricaNature of fund: Generalist PE fundFund structure: Capital raised from investorsFunds invested to date at cost: US$546 millionNumber of portfolio assets currently in fund: 0 (SA), 6 (Africa)Total number of private equity/venturecapital investments made to date: 4 (SA), 20 (Africa)Number of investment executives: 6 (SA), 17 (Africa)

Name of fund: Actis Africa Fund 3Size of fund: US$910 million across AfricaNature of fund: Generalist PE fundFund structure: Capital raised from investorsFunds invested to date at cost: US$795 millionNumber of portfolio assets currently in fund: 3 (SA), 6 (Africa)Total number of private equity/venturecapital investments made to date: 3 (SA), 9 (Africa)Number of investment executives: 6 (SA), 17 (Africa)

Name of fund: Actis Africa Fund 4Size of fund: US$780 million across AfricaNature of fund: Generalist PE fundFund structure: Capital raised from investorsFunds invested to date at cost: US$275 millionNumber of portfolio assets currently in fund: 2 (SA), 6 (Africa)Total number of private equity/venturecapital investments made to date: 2 (SA), 6 (Africa)Number of investment executives: 6 (SA), 17 (Africa)

INVESTMENT PREFERENCESMinimum investment: US$50 millionMaximum investment: US$200 million/US$250 millionWilling to syndicate: YesAverage current investment size: US$50 millionIndustry preference: Generalist PE fundIndustries excluded: Military and gamblingStage of investment: Later stage investments - Management buy-outs/buy-ins, leveraged buy-outs, expansion and replacement capital, privatisationsMinimum and maximum equity usually taken: 10% to 100%Geographical preferences: Africa

REMARKS: Actis is an emerging markets alternative assets investor, investing and managing capital for third-party investors. It has more than 60 years of experience and an unrivalled on-the-ground presence across Africa. Funds under management in Africa at present total $946 million with $200 million available to invest over the next year.

ActisAcorn Private Equity

Physical Address: Unit A3, The Beachhead, 10 Niblick Way, Somerset WestTel: +27 (0)21 852 2887E-mail: [email protected]; [email protected]: www.acornequity.comKey contact people and designation: Pierre Malan (CEO); Carl Neethling (CIO)

FUND I DETAILS

Name of fund: Acorn Agri (Pty) LtdSize of fund: R600 million (R200 million capital raise in process, target R3 billion, open to new investors)Nature of fund: Southern Africa agricultural & food businessSource of funds: South African investors (private and institutional)Funds invested to date: R530 millionNumber of portfolio assets currently in fund: 3 (SA), 1 (Africa), 2 transactions pendingTotal number of investments made to date: 3 (SA), 1 (Africa)

FUND II DETAILS

Name of fund: Acorn Africa FundSize of fund: US$20 millionNature of fund: Consumer growth sectors: manufacturing, consumer goods, healthcare, education, fi nancial services, agriculture & food value chain through Acorn AgriSource of funds: South African and European investors (private and institutional)Funds invested to date: NoneNumber of portfolio assets currently in fund: NoneTotal number of investments made to date: None


Minimum investment: R50 million (smaller if investment by portfolio company)Maximum investment: R500 millionWilling to syndicate: YesAverage current investment size: R133 millionIndustry preference: Consumer growth sectors: manufacturing & agro processing, consumer goods, healthcare, education, fi nancial services, agriculture & food value chain through Acorn AgriIndustries excluded: Mining, oil & gas, primary propertyStage of investment: At least two years profi table track recordAll stages except: Start-ups and early stageMinimum and maximum equity usually taken: 20% minimum to 80% maximumGeographical preferences: Southern Africa

REMARKS: Acorn Private Equity is a South African based private equity fund manager that invests throughout Southern Africa. Acorn is a specialist in the SME space and is actively involved in portfolio companies providing strategic, operational and fi nancial support. The investment team has an excellent track record in creating lasting value and sustainable businesses. Acorn has also facilitated a number of large corporate fi nance deals in South Africa.

FULL MEMBER


FULL MEMBER

27

African Infrastructure

Investment M

anagers (Pty) LtdAdi

nah

Cap

ital P

artn

ers

African Infrastructure Investment Managers (Pty) Ltd

Physical Address: Colinton House, The Oval, 1 Oakdale Rd, Newlands, Cape Town, South AfricaTel: +27 (0)21 670 1234, E-mail: [email protected], Website: www.aiimafrica.comKey contact people and designation: Jurie Swart (CEO); Vuyo Ntoi (Regional Director, Southern and Central Africa); Paul Frankish (Director, Strategic Initiatives)

FUND DETAILSName of fund: South Africa Infrastructure FundSize of fund: R1,855 millionNature of fund: Unlisted infrastructure fund – fully investedFund structure: Capital raised from third parties

Name of fund: African Infrastructure Investment FundSize of fund: R1,320 millionNature of fund: Unlisted infrastructure fund – fully investedFund structure: Capital raised from third parties

Name of fund: Kagiso Infrastructure Empowerment FundSize of fund: R649 millionNature of fund: Unlisted infrastructure fund – fully investedFund structure: Capital raised from third parties

Name of fund: African Infrastructure Investment Fund 2 Size of fund: R4,175 million (including co-investments)Nature of fund: Unlisted infrastructure fund – investing Fund structure: Capital raised from third parties

Name of fund: Apollo Investment Partnership II Size of fund: R444 millionNature of fund: Unlisted renewable energy fund – fully invested Fund structure: Capital raised from third parties

Funds invested to date at cost: R7,731 millionNumber of portfolio assets currently in fund: 9Total number of private equity/venturecapital investments made to date: 41Number of investment executives: 23

INVESTMENT PREFERENCESMinimum investment: R200 millionMaximum investment: R900 millionWilling to syndicate: YesAverage current investment size: R500 millionIndustry preference: InfrastructureIndustries excluded: Weapons, tobacco, alcohol and radioactive materialsStage of investment: Greenfi eld and brownfi eld / secondariesMinimum and maximum equity usually taken: 26% to 80%Geographical preferences: Africa – focus on sub-Saharan Africa

REMARKS: AIIM’s investment team has, collectively, in excess of 270 years of experience in infrastructure asset investment and operation. AIIM identifi es quality infrastructure investment opportunities throughout Africa, applying a disciplined and focused approach to the investment management process. AIIM seeks to deliver superior risk-adjusted returns for investors, and tangible, long-term value for African communities.

Adinah Capital Partners

Physical Address: 3rd Floor, Global House, 28 Sturdee Avenue, Rosebank, 2196 Tel: +27 (0)11 880 1994 E-mail: [email protected]; [email protected]; [email protected] Website: www.adinah.com Key contact person and designation: Zeyn Angamia (Executive Director)

FUND DETAILS

Name of fund: Adinah Capital Partners Size of fund: Open endedNature of fund: General private equity and venture capitalFunds invested to date at cost: Not disclosedSources of funds: Proprietary funds and capital raised from third parties Current portfolio size: Not disclosedTotal number of private equity/venture capital investments made to date: 5 (3 private equity & 2 venture capital)Number of investment executives: 3

INVE STMENT PREFERENCES

Minimum investment: R5 millionMaximum investment: R100 millionWilling to syndicate: YesAverage current investment size: R50 million Industry preference: All industriesIndustries excluded: Alcohol, tobacco, gambling and military weaponsStage of investment: Early stage through to established companies Minimum and maximum equity usually taken: 20% - 90%Geographical preferences: Africa

REMARKS: Adinah is an alternative asset manager focussed on investing in private companies and unlisted opportunities across Africa. We strive to provide solutions that create lasting value for the companies in which we invest and for the communities with whom we interact. This, we believe, leads to sustained value creation for investors in the long-term. Our unique approach to investing and problem solving abilities, allows us to target optimal risk adjusted returns irrespective of the sectors we invest in and market conditions.

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INFRASTRUCTURE | PRIVATE EQUITY | IMPACT FUNDS

Africa’s economy is growing at a rapid pace and Old Mutual Alternative Investments can help you take advantage of investment opportunities that will yield attractive returns, and have a positive impact. Our diverse skills and extensive experience allows us to find opportunities others have missed. We are pioneers in investing in Infrastructure, Private Equity and Impact Funds.

OLD MUTUAL ALTERNATIVE INVESTMENTS

BEYOND RETURNSWHEN YOU INVEST WITH AFRICA’S LARGEST ALTERNATIVE ASSET MANAGER, YOU INVEST IN AFRICA’S FUTURE.

Visit www.oldmutualalternatives.com

Old Mutual Alternative Investments (Pty) Ltd is a licensed financial services provider, FSP No 45255, approved by the Registrar of Financial Services Providers (www.fsb.co.za) to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Old Mutual Alternative Investments (Pty) Ltd is a wholly owned subsidiary of Old Mutual Investment Group Holdings (Pty) Limited and is a member of the Old Mutual Investment Group. Contractual rights and obligations of investors are set out in the relevant investor agreements and or mandates. Unlisted investments have short term to long term liquidity risks and there are no guarantees on the investment capital nor on performance.Market fluctuations and changes in exchange rates as well as taxation may have an effect on the value, price, or income of investments and capital contributions. Since financial markets fluctuate, an investor may not recover the full amount invested. Past performance is not necessarily a guide to future investment performance.

Helios

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ECPInvestec

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CDC

Carius

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Abraaj

Adams Street PartnersSatya

Dentons

Skadden

MVision

8 Miles

AugentiusAnglo-Suisse

Risk Advisory GroupAGC Equity Partners

McKinsey & Co TLcom Capital Partners

Ke Nako CapitalDenham Capital Trident Trust

Cairns Acquisitions

SJ Berwin

Oriol

Amethis Advisory

Kusuntu

Assetz

Claygate

Frontier-Invest

Nisela Capital

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PRIVATE EQUITY | AFRICAPRINT | EVENTS | ONLINE

Actis

KKR

Cli�ord Chance

Fresh�elds

Standard Bank

Charles Russell

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31

AngelH

ub VenturesA

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dAngelHub Ventures

Physical Address: Montegray House, 6 Bird Street, Stellenbosch Tel: +27 (0)21 888 0947E-mail: [email protected]: www.angelhub.co.zaKey contact person and designation: Brett Commaille (Partner)

FUND DETAILS

Name of fund: AngelHub VenturesSize of fund: Open-endedNature of fund: Angel Seed FundFund structure: Captive fundFunds invested to date at cost: UndisclosedNumber of portfolio assets currently in fund: 5Total number of private equity/venturecapital investments made to date: UndisclosedNumber of investment executives: 1


Minimum investment: ZAR500 000Maximum investment: ZAR10 millionWilling to syndicate: YesAverage current investment size: R3 millionIndustry preference: Existing profi table and industries prime for disruption (including SaaS, m-commerce, big data etc.) Industries excluded: Capital intensive and NGO/non-profi t organisationsStage of investment: Seed capital, start-up, early stage, development capitalMinimum and maximum equity usually taken: 20% to 49%Geographical preferences: Africa

REMARKS: AngelHub Ventures is a seed venture capital fund investing into lean start-ups with disruptive business models and technologies. AngelHub Ventures aims to leverage its resources and strengths within its broader investment group to reduce risks and accelerate the growth of its investees.

Agri-Vie: Africa Food & Agribusiness Investment Fund

Physical Address: Barinor’s Vineyard South, Building A, The Vineyards Offi ce Estate, 99 Jip de Jager Drive, Bellville, 7530, South Africa; Acacia Block 1st Floor, Karen Offi ce Park, Langata Road, Nairobi, KenyaTel: +27 (0)21 913 5662 (South Africa); + 254 20 200 2200 (Kenya)E-mail: offi [email protected]: www.agrivie.comKey contact people and designation: Herman Marais (Managing Partner), +27 833 776 234 (m); Izak Strauss (Senior Partner), +27 828 262 344 (m); Avril Stassen (Senior Partner), +27 832 530 062 (m);Rudi van Niekerk (Partner) +27 798 879 500 (m); Paul Nguru (Partner), +254 722 748 100 (m); Lynette Thomas (Managing Accountant), +27 832 554 477 (m)

FUND DETAILS

Name of fund: Agri-Vie: Africa Food & Agribusiness Investment FundSize of fund: US$100 millionNature of fund: Growth capital, expansion capitalFund structure: Closed-end private equity fundFunds invested to date at cost: 78%Number of portfolio assets currently in fund: 12Total number of private equity/venture capital investments made to date: 12Number of investment executives: 6


Minimum investment: R20 millionMaximum investment: R100 millionWilling to syndicate: YesAverage current investment size: R75 millionIndustry preference: Food and beverages, vertically integrated agribusiness, fi bre, agrilogistics & services, agricultural inputs, renewable energyIndustries excluded: Industries not listed aboveStage of investment: Limited early stage, development capital, expansion stage, growth capital, expansion capital, later-stage capital, partial buy-outsMinimum and maximum equity usually taken: 25% to 75%Geographical preferences: sub-Saharan Africa

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33

Ata C

apital (Pty) LtdA

shbu

rton

Inve

stmen

tsAta Capital (Pty) Ltd

Physical Address: 1st Floor, 6A Sandown Valley Crescent, Sandown, Sandton, 2196Tel: +27 (0)11 722 7317 Fax: +27 86 661 8230 E-mail: [email protected] contact person: Maredi Mampuru, +27 (0)11 722 7317

FUND DETAILS

Name of fund: Ata Fund I & II Nature of fund: BEE Equity Funds invested to date at cost: Fund I: R170 million Fund II: R120 millionSources of funds: Various Total number of investments made to date: 8 Number of investment executives: 3


Minimum investment: R5 millionMaximum investment: R125 millionWilling to syndicate: Yes Average current investment size: R25 millionIndustry preference: Various Industry excluded: n/a Stage of investment: Growth, replacement capital, buy-out All stages except: Early stage Minimum and maximum equity usually taken: n/a Geographical preferences: South Africa

REMARKS: The Fund focuses on:• providing patient investment capital to BEE entities who have access to attractive investment opportunities;• taking principal BEE equity positions; and• enabling the velocity of BEE capital by:• providing liquidity to BEE entities against their performing portfolio investments; and• providing a market for BEE entities who wish to exit their portfolio investments.

Ashburton Investments

Physical Address: 4 Merchant Place, 1 Fredman Drive, Sandton, 2196Tel: +27 (0)11 282 8800E-mail: [email protected]: www.ashburtoninvestments.comKey contact people and designation: Juan Coetzer (Alternative Investments: Private Equity); Navin Lala (Head: Institutional Distribution)

FUND DETAILS

Name of fund: Ashburton Private Equity Fund 1Size of fund: R750 million (target)Nature of fund: Leveraged-buy-out, growth capital, expansion capitalFund structure: Limited Liability PartnershipFunds invested to date at cost: R84 millionNumber of portfolio assets currently in fund: 10Number of portfolio assets currently in fund: 5Total number of private equity/venture capital investments made to date: 2 Secondary investmentsNumber of investment executives: 3


Minimum investment: R30 millionMaximum investment: R100 millionWilling to syndicate: YesAverage current investment size: n/aIndustry preference: NoneIndustries excluded: Resources, primary agriculture, venture capital, turnaround strategies and propertyStage of investment: Buy-outs, partial buy-outs, leveraged buy-outsMinimum and maximum equity usually taken: No minimum, maximum 50%Geographical preferences: South Africa and up to 35% Africa (excl. South Africa)

REMARKS: Hybrid private equity fund, focussed on private equity investments in secondaries, directs and also new private equity funds. The Ashburton Private Equity Fund 1 can co-invest alongside RMB Ventures, but will also aim to invest in direct transactions alongside other private equity fund managers.

The Ashburton Private Equity Fund 1 is an independent private equity fund, i.e. raising capital from third parties. Target investors are high net worth individuals, family offi ces and institutional investors. The minimum investment in the fund is R10 million.

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Ath

ena

Cap

ital (

Pty)

Ltd

Athena Capital (Pty) Ltd

Physical Address: 1st Floor, Fernwood House, The Oval, 1 Oakdale Road, Newlands, 7700Tel: +27 (0)21 657 3810 Fax: +27 (0)21 671 2590 E-mail: [email protected] Website: www.athenacapital.co.za Key contact people and designation: Jonathan Heinamann (Managing Partner); Anton Newbury (Managing Partner)

FUND DETAILS

Name of fund: AIH Limited Size of fund: US$50 million Nature of fund: sub-Sahara African Private EquityFunds invested to date at cost: Fully investedSources of funds: Mauritian Limited PartnershipCurrent portfolio size: 5Total number of private equity/venturecapital investments made to date: 6Number of investment executives: 5


Minimum investment: US$5 million Maximum investment: US$10 million Willing to syndicate: YesAverage current investment size: US$5-US$10 millionIndustry preference: Fast moving consumer goods, fi nancial services, business servicesIndustries excluded: Resources, propertyStage of investment: Expansion, buy-out and post-revenue stage investmentsMinimum and maximum equity usually taken: Signifi cant minority to 100%Geographical preferences: South Africa, Nigeria, Mozambique, Tanzania, Kenya, Ethiopia, Zambia and Ghana

REMARKS: With offi ces in Cape Town, Johannesburg and London, Athena Capital is an experienced sub-Saharan Africa private equity advisory team with an established track record and a clear sectoral focus. Central to Athena Capital’s investment objectives and processes is the creation of value within portfolio companies by providing in-depth operational and strategic support. Athena Capital targets investments in the fast moving consumer goods, fi nancial services and business services sectors across its focal set of sub-Sahara African countries.

You specialise, we specialiseMaitland has a specialist team of professionals who offer an end-to-end, full-service private equity and real estate fund services solution to the private equity industry. Services include fund establishment, fund accounting, fund operation, and investor services utilising SunGard’s best of breed Investran technology.

You specialise in pushing the private equity envelope, we specialise in supporting you.

Andre Le Roux+27 21 681 [email protected]

Bruce McGlogan+27 21 681 [email protected]

maitlandgroup.com Solutions.Considered.British Virgin Islands | Canada | Cayman Islands | Ireland | Isle of Man | LuxembourgMalta | Mauritius | Monaco | South Africa | United Kingdom | United States

SAVCA Dir Ad 2015- A5.indd 1 11/March/2015 12:33:30 PM

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37

BraitBDC

Brait

Physical Address: 2nd Floor, The Zone II, 177 Oxford Road, Rosebank, 2196, Johannesburg Tel: +27 (0)11 507 1000, Fax: +27 (0)11 507 1001, E-mail: [email protected], Website: www.brait.comKey contact person: John Gnodde, +27 (0)11 507 1532

FUND DETAILSName of fund: Brait I Size of fund: R228 millionNature of fund: General private equity investments – fully invested and realised

Name of fund: Brait IISize of fund: R690 millionNature of fund: General private equity investments – fully invested and realised

Name of fund: Brait IIISize of fund: US$409 millionNature of fund: General private equity investments – fully invested and realised

Name of fund: Brait IVSize of fund: US$880 millionNature of fund: General private equity investments – fully invested

Name of fund: Braitec Size of fund: R277 millionNature of fund: Early stage technology investments – fully invested and realised

Name of fund: Proprietary investing Size of fund: Open-endedNature of fund: Long-term, large, unlisted equity investments

Funds invested to date at cost: More than R10 billionSources of funds: Leading SA and international institutional investorsCurrent portfolio size: 14 Total number of private equity/venturecapital investments made to date: 94Number of investment executives: 10

INVESTMENT PREFERENCESMinimum investment: ±R800 millionWilling to syndicate: Yes Industry preference: All industries considered Industries excluded: None Stage of investment: Generally later stage All stages except: Start-up Minimum and maximum equity usually taken: 15% to 80% Geographical preferences: Principally focused on Southern Africa

REMARKS: Brait, established in 1991, is a leading private equity fund manager in terms of team size, committed and invested capital as well as track record. The investment team has a proven ability to combine domestic private equity investment skills with the experience of managing international and domestic private equity capital and has achieved a highly accomplished investment record. Brait’s active involvement with its portfolio companies and its readiness to provide ongoing strategic, operational and fi nancial support has been critical to its success.

Botswana Development Corporation (BDC)

Physical Address: Fairscape Tower, Fairscape Precinct, Plot 70667, Fairgrounds Offi ce Park Tel: +267 365 1300, Fax: +267 391 3539, E-mail: [email protected], Website: www.bdc.bw Key contact person: Bafana Molomo, Chief Operations Offi cer

FUND DETAILSName of fund: n/a Size of fund: n/a Nature of fund: n/a Funds invested to date at cost: n/a Sources of funds: n/a Current portfolio size: 41 Total number of private equity/venture capital investments made to date: Number of investment executives: n/a

INVESTMENT PREFERENCESMinimum investment: BWP30 millionMaximum investment: Up to 10% of NAVWilling to syndicate: Yes Average current investment size: P60mIndustry preference: Agro-processing, Manufacturing, Infrastructure, Energy, Services, Healthcare, Education, Information TechnologyIndustries excluded: • Production or trade in any product or activity deemed illegal under Botswana or applicable international laws • Production or trade in radioactive materials; • Production or trade in or use of unbonded asbestos; • Production or trade in pharmaceuticals, chemical compounds and other harmful substances subject to international phase-outs or bans; • Production or trade of ozone-depleting substances subject to international phase-out; • Production of and trade in tobacco • Trade in wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES); and • Production and activities involving harmful or exploitative forms of forced labour and/or child labour as defi ned by national regulations. Stage of investment: Early stage, Expansion, BuyoutsAll stages except: n/a Minimum and maximum equity usually taken: 26% - 49% Geographical preferences: Sub-Saharan Africa

FULL MEMBER


FULL MEMBER

39

Business Partners Limited

Brig

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apita

lPhysical Address: 37 West Street, Houghton Estate, Johannesburg, 2198Postal Address: PO Box 7780, Johannesburg, 2000Tel: Entrepreneurs Growth Centre at 0861 SMEFIN (763 346) and +27 (0)11 713 6600E-mail: [email protected]: www.businesspartners.co.za

FUND DETAILS

Name of Fund: General FundNature of fund: GeneralInvestment amounts: R500,000-R30 millionIndustries excluded: Agriculture and on-lendingKey contact people and information: Anton Roelofse, West Coast: Western Cape, Port Elizabeth and surrounding areas (Eastern Cape), T: +27 (0)21 464 3600 F: +27 (0)21 461 8720, Email: [email protected]; Byron Jeacocks, East Coast: KwaZulu-Natal, East London and surrounding areas (Eastern Cape), T: +27 (0)31 240 7700 F: +27 (0)31 266 7286, Email: [email protected]; David Morobe, Inland East: Pretoria, East Rand and Johannesburg (Gauteng), Limpopo and Mpumalanga, T: +27 (0)12 347 3208 F: +27 (0)12 347 2198, Email: [email protected]; Jeremy Lang, Inland West: South- and West Rand, Johannesburg (Gauteng), Free State, North West, Northern Cape, T: +27 (0)11 713 6600 F: +27 (0)11 713 6650, Email: [email protected]

Name of Fund: Property and Property Joint Venture FundsNature of fund: PropertyInvestment amounts: R500,000-R30 millionIndustries excluded: Agriculture and on-lendingGeographical preferences: South AfricaContact person and information: Owen Holland, T: +27 (0)31 240 7700 F: +27 (0)31 266 7286, Email: [email protected] Name of Fund: The Business Partners-Khula Start-up FundNature of fund: Black start-upInvestment amounts: R150,000-R300,000Industries excluded: Agriculture, sin industries and on-lendingContact person and information: Eric Rosen, T: +27 (0)31 240 7700 F: +27 (0)31 266 7286, Email: [email protected]

Bright On Capital

Physical Address: Building 16, The Woodlands, Woodlands Drive, WoodmeadTel: +27 (0) 11 568 1811Fax: +27 (0)86 551 5544E-mail: [email protected]; [email protected]: www.brightoncapital.co.zaKey contact persons and designation: Tsepo Headbush (Principal); Koena Headbush (Principal)

FUND DETAILS

Name of fund: Bright On CapitalSize of fund: n/a- New FundFunds invested to date at cost: n/a- New FundNumber of investment executives: 3


Minimum investment: R50 000Maximum investment: R5 millionWilling to syndicate: YesAverage current investment size: n/aIndustry preference: Small and Medium EnterprisesIndustries excluded: NoneStage of investment: Working capital All stages except: Buy-outsMinimum and maximum equity usually taken: n/aGeographical preferences: South Africa

REMARKS: Bright On Capital is an online enterprise lending company (www.brightoncapital.co.za) that allows Small and Medium Enterprises (“SME”) to easily access working capital and asset fi nance from a wide range of traditional and non-traditional funders. Our online lending platform is an online market place that brings SME borrowers and a wide range of institutional funders together.

Business Partners Limited

FULL MEMBER


FULL MEMBER

41

Capitalw

orks Equity PartnersBusi

ness

Par

tner

s Lim

ited

Capitalworks Equity Partners

Physical Address: 7th Floor, Capital Hill, 6 Benmore Road, Benmore, Sandton, 2010Tel: +27 (0)11 301 3000E-mail: [email protected]: www.capitalworksip.comKey contact people: Chad Smart; Darshan Daya; Garth Willis; Shaun Frankish

FUND DETAILS

Name of fund: Capitalworks Private Equity Fund ISize of fund: R1,5 billionNature of fund: Management buy-out, growth capital, expansion capitalFund structure: Capital raised from third partiesNumber of portfolio assets currently in fund: 5Total number of private equity/venturecapital investments made to date: 7Number of investment executives: 8

Name of fund: Capitalworks Private Equity Fund IISize of fund: R2,7 billionNature of fund: Management buy-out, growth capital, expansion capitalFund structure: Capital raised from third partiesNumber of portfolio assets currently in fund: 2Total number of private equity/venturecapital investments made to date: 2Number of investment executives: 8


Minimum investment: R100 million Maximum investment: R500 million Willing to syndicate: Yes Average current investment size: R250 millionIndustry preference: Any other than real estate or oil & gas explorationIndustries excluded: Real estate, oil & gas explorationStage of investment: Growth, expansion, turnaround /restructuringAll stages except: Expansion stage, growth capital, expansion capital, later-stage capital, buy-outs, partial buy-outs, leveraged buy-outsMinimum and maximum equity usually taken: Signifi cant minority or majorityGeographical preferences: South Africa and sub-Saharan Africa

REMARKS: Capitalworks seeks equity or equity-related investments in middle market companies in South Africa – which can benefi t from strategic, operational, commercial or fi nancial investment strategy and philosophy is centred on building exceptional business entrepreneurs and management teams.

Name of Fund: Business Partners Limited Venture FundNature of fund: SMEs who are in innovative industries and/or industries with high-growth potentialInvestment amounts: R500,000-R10 millionIndustries excluded: Agriculture and on-lendingGeographical preferences: South AfricaContact person and information: Gerrie van Biljon, T: +27 (0)11 713 6600 F: +27 (0)11 713 6650, Email: [email protected] Name of Fund: Business Partners Limited Manufacturing FundNature of fund: SMEs in the manufacturing sectorInvestment amounts: R500,000-R30 millionIndustries excluded: Agriculture and on-lendingGeographical preferences: South AfricaContact person and information: Gerrie van Biljon, T: +27 (0)11 713 6600 F: +27 (0)11 713 6650, Email: [email protected]

Name of Fund: Business Partners Limited Education SME FundNature of fund: SMEs servicing the Education sectorInvestment amounts: R500,000-R30 millionIndustries excluded: Agriculture and on-lendingGeographical preferences: South AfricaContact person and information: Gerrie van Biljon, T: +27 (0)11 713 6600 F: +27 (0)11 713 6650, Email: [email protected]

FULL MEMBER


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43

C

M

Y

CM

MY

CY

CMY

K

Metier_OpenForBusiness_FA2.pdf 1 2015/04/07 7:44 AM

The Carlyle Group

Physical Address: Unit 6a | No 3 Melrose Boulevard, Johannesburg | South Africa Tel: +27 11 034 2003 / +27 83 704 2883 E-mail: [email protected] Website: http://www.carlyle.com/ Key contact person and designation: Marlon Chigwende

FUND DETAILS

Name of fund: Carlyle Sub-Saharan Africa Fund Limited (CSSAF) Size of fund: $698m Nature of fund: Private EquityFunds invested to date at cost: N/ASources of funds: sovereign wealth, high net worth individuals, fund of funds, FDI’sCurrent portfolio size: 5 companiesTotal number of private equity / venture capital investments made to date: 5Number of investment executives: 11 investment professionals


Minimum investment: $40 millionMaximum investment: n/aWilling to syndicate: yesAverage current investment size: n/aIndustry preference: consumer retail / fast-moving consumer goods, logistics and fi nancial servicesIndustries excluded: primary agriculture, mining, real estate, construction, hospitality Stage of investment: growth & late stageAll stages except: early stageMinimum and maximum equity usually taken: n/aGeographical preferences: Botswana, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda, Zambia

REMARKS: CSSAF aims to partner with outstanding management teams, either incumbent or readily available for hiring. CSSAF invests in companies that we believe have leading or potentially leading market share, tangible and sustainable competitive advantages, appropriate post-transaction capital structure, and clear exit opportunities. Our focus is on a combination of mature and high growth companies with positive EBITDA, which we believe demonstrate reduced risk, greater attraction for management talent, and multiple exit alternatives.

The

Car

lyle

Gro

up

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45

Coast2C

oast InvestmentsC

itize

n En

trepr

eneu

rial

Dev

elop

men

t Age

ncy

(CED

A)

Coast2Coast Investments

Physical Address: Block A, Silverwood, Steenberg Offi ce Park, Cape Town, South Africa (Cape Town offi ce); 22 Sloane Street, Bryanston, Johannesburg, South Africa (Johannesburg offi ce)Tel: +27 (0)21 701-2232 (Cape Town offi ce); +27 (0)11 036 9400 (Johannesburg offi ce)E-mail: [email protected]: www.c2c.co.zaKey contact people: Gary Shane, +27 (0)21 701 2232, [email protected]; Cris Dillon, + 27 (0)21 701 2232, [email protected]

FUND DETAILS

Name of fund: Coast2CoastSize of fund: R2,8 billionNature of fund: Equity investments, 70%-100% buy-outs, MBOs Fund structure: Own funds Funds invested to date at cost: R1,8 billionNumber of portfolio assets currently in fund: 30Total number of private equity/venturecapital investments made to date: 35Number of investment executives: 25


Minimum investment: R50 million (annual profi ts over R15 million) Maximum investment: R5 billion Willing to syndicate: YesAverage current investment size: R100 million-R400 millionIndustry preference: Pharmaceuticals, complimentary medicines, personal care, health and beauty, medical equipment and devices, agro- chemicals, garden chemicals, animal health, foods, consumer products, footwear and clothing, personal care products, home care products, fast moving consumer goods and insuranceIndustries excluded: Mining, agriculture, technologyStage of investment: Mature, 7-50 years in operationMinimum and maximum equity usually taken: 70% to 100% with a 7 year minimum and no maximum investment horizonGeographical preferences: South Africa (Cape Town, Gauteng or KwaZulu Natal) as well as opportunities on an African and international platform

REMARKS: Coast2Coast Investments is an active private equity fund which seeks to partner with management alongside quality investments.

Citizen Entrepreneurial Development Agency (CEDA)

Postal Address: Private Bag 00504, Gaborone, BotswanaTel: +267 317 0895Fax: +267 391 3841E-mail: [email protected]; [email protected] contact people: Modise Mokone; Primrose Solomon

TYPE OF FIRM: Institutional investor

FULL MEMBER


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47

Convergence Partners

Col

lins

Priv

ate

Equi

ty H

oldi

ngs

Convergence Partners

Physical Address: 3rd Floor, 30 Jellicoe Ave., Rosebank, 2196, JohannesburgTel: +27 (0)11 550 5320E-mail: [email protected]: www.convergencepartners.comKey contact person and designation: Yolande Tabo (Head: Investor Relations & Fundraising)

FUND DETAILS

Name of fund: Convergence Partners Communications Infrastructure Fund (CPCIF)Size of fund: US$145 million (±R1,7 billion)Nature of fund: Growth capital for ICT infrastructure related opportunities in AfricaFund structure: Third party equity fundFunds invested to date at cost: Not disclosed

Name of fund: Convergence Partners Investments (CPI)Size of fund: R1 billionNature of fund: Growth capital for TMT opportunitiesFund structure: On balance sheet holding company with redeemable long term drawdown fundingFunds invested to date at cost: Not disclosed

Number of portfolio assets currently in funds: 12Total number of private equity/venture capital investments made to date: 18Number of investment executives: 9


Minimum investment: CPCIF – US$5 million (±R58 million); CPI - R5 million Maximum investment: CPCIF – US$30 million (±R350 million) at current Fund size; CPI – no maximumWilling to syndicate: YesAverage current investment size: Not disclosedIndustry preference: ICTIndustries excluded: Non-ICTStage of investment: Growth capital, later-stage capital, buy-outMinimum and maximum equity usually taken: 20% to 75%Geographical preferences: sub-Saharan Africa

REMARKS: Convergence Partners, founded in 2006, is an investment management fi rm focused on the telecommunications, media and technology sector in Africa. Convergence Partners has a proven track record of developing new investment opportunities, as well as adding value to investments across the life cycle of ICT assets. As impact investors, we are dedicated to catalysing investment capital to accelerate communications access and ICT infrastructure development on the Continent, focusing on initiatives that increase the availability communications, broadband services and new technology offerings to the people of Africa, and have raised a dedicated second Fund to address this focus. The Fund reached its fi rst close in late 2013 with targets for several deployments and further closings in 2015.

Collins Private Equity Holdings

Physical Address: 1 Richefond Circle, Ridgeside Offi ce Park, Umhlanga, 4320Tel: +27 (0)31 536 8004Fax: +27 (0)31 536 8013E-mail: [email protected] contact person: Bruce Chelius

FUND DETAILS

Name of fund: Collins Private EquitySize of fund: R250 millionNature of fund: IndependentFunds invested to date at cost: R156 million Sources of funds: Private individualsNumber of portfolio assets currently in fund: 5Total number of private equity/venturecapital investments made to date: 11 own, 4 follow-on and 7 portfolioNumber of investment executives: 4


Minimum investment: Nil Maximum investment: R40 million Willing to syndicate: YesAverage current investment size: R14 millionIndustry preference: NoneIndustries excluded: NoneStage of investment: Development capital and buy-outAll stages except: Seed and start-upMinimum and maximum equity usually taken: 20% to 100%Geographical preferences: None

REMARKS: Our preferred deals are to partner experienced management teams to fi nance medium-sized buy-outs valued between R50 million and R150 million. Typically we take a minority stake in the business. However, we are prepared to take a controlling stake if appropriate. In addition, we have provided development capital fi nancing in high growth sectors.

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49

DPI

Dev

elop

men

t Ban

k of

Sou

ther

n A

frica

(DBS

A)

DPI

Physical Address: 2nd Floor, Jubilee House, 2 Jubilee Place, London SW3 3TQTel: +44 (0) 207 349 5030E-mail: [email protected] Website: www.dpi-llp.comKey contact people and designation: Runa Alam (Co-Founding Partner and CEO); Clodagh Bourke (Investor Relations and Marketing Manager)

FUND DETAILS

Name of fund: African Development Partners IISize of fund: US$724 millionNature of fund: growth capital, expansion capitalFund structure: private equityFunds invested to date: n/aNumber of portfolio companies: 3Number of investment made to date: 3Number of investment execs: 8


Minimum investment: US$10 million (R110 million)Maximum investment: US$100 million (R850 million)Willing to syndicate: -Average current investment size: US$35 million (R400 million)Industry preference: Industries that benefi t from emerging middle class: Financial services, FMCG, healthcare, education, retail, logistics etc.Industries excluded: Tobacco, gambling, alcoholic beverages (excluding beer and wine)Stage of investment: Expansion stage, growth capital, expansion capital, Minimum and maximum equity usually taken: 10% to 100%Geographical preferences: Pan-Africa

REMARKS: DPI is a US$1.1 billion Africa-focused private equity fi rm that invests in companies benefi ting from the fast-growing emerging middle class in Africa. Founded in 2007, DPI’s investment process combines rigorous analysis with comprehensive due diligence. The fi rm seeks out compelling investment opportunities and aims to obtain exclusive terms, rational pricing and strong infl uence. The investment philosophy places great importance on working closely with the funds’ portfolio companies to create value while looking for attractive exit opportunities throughout the funds’ investment period. Through its rich mix of complementary capabilities, regional “on the ground” knowledge and language skills, DPI is able to offer a detailed understanding of the operational and transactional issues of investing in the African continent.

DPI currently advises two pan-African private equity funds, African Development Partners I (“ADP I”) and African Development Partners II (“ADP II”)

Development Bank of Southern Africa (DBSA)

Physical Address: 1258 Lever Road, Headway Hill, Midrand, 1685Tel: +27 (0)11 313 3466E-mail: [email protected] Website: www.dbsa.org Key contact person and designation: Hein Prinsloo (General Manager: Product & Sector Experts)


Minimum investment: R100 millionMaximum investment: R250 millionWilling to syndicate: YesAverage current investment size: R150 millionIndustry preference: Water, ICT, energy, transport & logisticsIndustries excluded: Mining, hospitality & tourism and agricultureStage of investment: Early stage, development capital, expansion stage, growth capital, expansion capitalMinimum and maximum equity usually taken: Not more than 25% of total commitmentsGeographical preferences: sub-Sahara


FULL MEMBER

51

Edge Grow

thPhysical Address: 1st Floor, Block E, Hurlingham Offi ce Park, 59 Woodlands Avenue, HurlinghamTel: +27 (0)10 001 3715, E-mail: [email protected], Website: www.edgegrowth.comKey contact people and designation: Richard Rose (Vumela); Richard Chapman (ASISA); Thapelo Masoko (Edge Action)

FUND DETAILSName of fund: Vumela Enterprise Development Fund 1.0Size of fund: R161 millionNature of fund: Growth capital for SMEsFund structure: Capital raised from third parties (FirstRand)Funds invested to date at cost: R100 millionNumber of portfolio assets currently in fund: 9

Name of fund: Vumela Enterprise Development Fund 2.0Size of fund: R227 millionNature of fund: Growth capital for SMEsFund structure: Capital raised from third parties (FirstRand and the Jobs Fund)Funds invested to date at cost: R2,5 millionNumber of portfolio assets currently in fund: 2Total number of private equity/venturecapital investments made to date: 1 (Vumela 1.0 & 2.0)Number of investment executives: 6 (Vumela 1.0 & 2.0)

Name of fund: ASISA Enterprise Development Fund Size of fund: R50 millionNature of fund: Growth capital for SMEs Fund structure: Capital raised from third parties Funds invested to date at cost: R12 millionNumber of portfolio assets currently in fund: 5Total number of private equity/venturecapital investments made to date: 5Number of investment executives: 2

Name of fund: Edge Action FundSize of fund: R13 millionNature of fund: Growth capital for SMEsFund structure: Capital raised from third partiesFunds invested to date at cost: R3,6 millionNumber of portfolio assets currently in fund: 11Total number of private equity/venture capital investments made to date: 13Number of investment executives: 3

INVESTMENT PREFERENCESMinimum investment: R50 000 (Action); R1 million (ASISA); R2 million (Vumela)Maximum investment: R1 million (Action); R5 million (ASISA); R20 million (Vumela)Willing to syndicate: YesAverage current investment size: R10 millionIndustry preference: No preference, if addressing a broader social needIndustries excluded: Direct mining, property, arms, tobaccoStage of investment: Early stage, expansion stage, growth capital Minimum and maximum equity usually taken: Up to 51%Geographical preferences: Republic of South Africa

Edge Growth

nedbankcapital.co.za

12715

At Nedbank Capital our Private Equity team has an indepth understanding of your business needs. As one of Southern Africa’s leading private equity investors, our philosophy of partnership is centred around everything we do. Operating like an independent private equity fund manager, we offer our clients bespoke funding solutions for buyouts, buy-ins, acquisitions and business expansion opportunities.

To partner with a private equity team that understands your business contactClive Howell on +27 (0)11 294 1434 or at [email protected].

SUSTAINABLEINVESTMENTS

MAKING

HAPPEN

Nedbank Capital is a division of Nedbank Limited Reg No 1951/000009/06. Authorised financial services provider (FSP9363) and registered credit provider (NCR Reg No NCRCP16).

12715 NB RockyBarren savca 170x225 rev.indd 1 2015/03/30 4:47 PM

FULL MEMBER


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53

Enablis Financial Corporation SA

Emer

ging

Cap

ital P

artn

ers

Emerging Capital Partners Physical Address: Emerging Capital Partners, 8th Floor, The Forum Building, 2 Maude Street, Sandton, 2196Tel: +27 (0)11 685 0830E-mail:[email protected]; [email protected]: www.ecpinvestments.comKey contact person and designation: Alex-Handrah Aime (Managing Director)

FUND DETAILS

Name of fund: ECP Africa Fund IIISize of fund: US$613 millionNature of fund: Pan-African growthFund structure: Capital raised from third partiesFunds invested to date at cost: US$1,6 billion (all funds)Number of portfolio assets currently in fund: 8 portfolio companies Total number of private equity/venture capital investments made to date: 60Number of investment executives: 23


Minimum investment: US$30 millionMaximum investment: US$100 millionWilling to syndicate: YesAverage current investment size: US$45-US$70 millionIndustry preference: No preferenceIndustries excluded: Arms and ammunition, tobacco, gaming & alcoholStage of investment: Expansion and developmentMinimum and maximum equity usually taken: n/aGeographical preferences: Pan-African REMARKS: ECP is a Pan-African private equity fi rm that has raised over US$2 billion for investment across the African continent, including the Francophone regions. Founded in 2000, ECP was one of the fi rst fi rms dedicated to Africa which, today, translates into over 60 investments and over 30 exits through seven funds. We have put our investors’ capital to work in over 40 countries in all major regions of the continent. We have completed deals across a wide variety of sectors including consumer businesses, telecoms, fi nancial services, infrastructure and logistics, and agri-business.

Enablis Financial Corporation SA

Postal Address: PO Box 2287, Cape Town, 8000Tel: +27 (0)21 462 4486Fax: +27 (0)21 422 0744E-mail: [email protected]: www.enablis.orgKey contact person: Ebenise Bester

FUND DETAILS

Name of fund: Khula Enablis Loan Fund; Khula Enablis SME Acceleration Fund (Investment period ended)Size of fund: R40 million; R50 millionNature of fund: Loan guarantee fund; equity fund Funds invested to date at cost: R69 millionSources of funds: Khula Enterprise Finance; Canada Fund for Africa and FNB Current portfolio size: R19,4 million Total number of private equity/venture capital investments made to date: 69Number of investment executives: 1


Minimum investment: R100 000; R25 000Maximum investment: R5 million; R2,5 millionWilling to syndicate: YesAverage current investment size: R1 millionIndustry preference: SMEIndustries excluded: –Stage of investment: Early stage expansion and expansionary fi nanceAll stages except: Product and IP developmentMinimum and maximum equity usually taken: 26% to 49% where applicableGeographical preferences: South Africa

REMARKS: We provide early-stage and expansionary fi nance for SMEs with access to capital, in conjunction with intensive business support programmes through a non-profi t organisation.

FULL MEMBER


Etho

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ivat

e Eq

uity

Ethos Private Equity

Physical Address: 35 Fricker Road, Illovo, Sandton, 2196Tel: +27 (0)11 328 7400, E-mail: [email protected], Email deal opportunities to: [email protected]: www.ethos.co.zaKey contact people and designation: Stuart MacKenzie (Chief Executive Offi cer) Chelsea Wilkinson (Head of Corporate Relations)

FUND DETAILS (Active Funds)Name of fund: Fund VISize of fund: R7,6 billionNature of fund: Buy-out, growth capital, expansion capitalStatus: Currently investing

Name of fund: Fund VSize of fund: R5,5 billionStatus: Fully invested and partially realised

Name of fund: Tech Fund ISize of fund: R270 millionStatus: Fully invested and partially realised

Fund structure (Fund VI): Third-party, blind-pool fund. Ethos’ investor base comprises leading global and South African institutionsTotal number of private equity/venture capital investments made to date: 103 investments Number of investment executives: >20 investment professionals

INVESTMENT PREFERENCESMinimum investment: Fund VI: R750 millionMaximum investment: Fund VI: R3 billion and greater in consortiumWilling to syndicate: YesIndustry preference: Broad industrials, manufacturing and service sectorsIndustries excluded: Start-ups, mining, gambling and equivalent enterprises, greenfi eld, brownfi eldStage of investment: Market leading businesses and selective growth capital opportunitiesInvestment Style: Control/Joint control and selective minority growth opportunitiesGeographical preferences: South Africa and selectively in sub-Saharan Africa

REMARKS: Ethos Private Equity is a leading South African private equity investor. We were instrumental in establishing the asset class in the region, concluding the: fi rst buy-out (1984); fi rst public-to-private deal (1992); fi rst BEE deal (1994); and, fi rst international fund raising (1996). We are currently investing Ethos Fund VI, with R7,9 billion of committed capital.Our team consists of 24 dedicated investment professionals with over 150 years of combined private equity experience. Ethos distinguishes itself in the South African market by combining fi nancial discipline with value-enhancing strategies, in partnership with portfolio company management teams. This approach has resulted in an enviable track record of superior returns over our 30-year history. We specialise in control and joint-control acquisitions and expansion capital, in medium-to-large businesses in South Africa and selectively in sub-Saharan Africa. To date, we have made 103 investments and successfully exited 90.Our proven record of understanding businesses and effecting meaningful operational and strategic change has built Ethos’ reputation as a constructive, valued equity partner. Ultimately, we build better businesses. For more information, visit www.ethos.co.za.

Ethos’ investment conviction is grounded in meticulous

analysis, creative insight and practical solutions accumulated

over the months prior to concluding a transaction.

Most importantly, experience has taught us that the pace

of performance is fast-tracked when we have constructive

collaboration with executive teams during this pre-deal phase.

Accordingly, Ethos - together with AutoZone’s management

- tested strategic concepts and initiated plans to accelerate

growth long before we announced our investment into the

business - South Africa’s largest privately-owned aftermarket

auto parts retailer and wholesaler.

Why are we so passionate about disciplined pre-deal analysis?

Because our role is to anticipate and influence the field of play

from the onset.

We achieve this by collectively crafting a high-performance

playbook focusing on execution agility, leadership capacity,

business scalability, sustainability and growth. This thoughtful,

creative and pre-emptive game plan is our differentiator and a

principal reason why business managers choose Ethos when

they aspire to lift their game.

After all, we play to win.

T032

47

SUCCESS PLANNING

Ethos buys into AutoZone’s game plan

FULL MEMBER


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57

4Di C

apitalFi

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ee F

und

Man

agem

ent L

imite

dFig Tree Fund Management Limited

Physical Address: 9th Floor, Orange Tower, CyberCity, Ebène, Mauritius Tel: +230 404 3931 Fax: +230 454 6824 E-mail: soria@fi gtreeresources.com; zaid.peerun@gfi ngroup.comWebsite: www.fi gtreeresources.com Key contact people and designation: Soria Hay (Director); Zaid Peerun (Director)

FUND DETAILS

Name of fund: Fig Tree Resources Fund II Limited Size of fund: Currently in the process of being raised, seeking between US$150-US$250 million of funds Nature of fund: Mineral resources development fundFunds invested to date at cost: n/aSources of funds: VariousCurrent portfolio size: n/aTotal number of private equity/venture capital investments made to date: n/aNumber of investment executives: 4


Minimum investment: US$10 millionMaximum investment: US$25 millionWilling to syndicate: YesAverage current investment size: n/aIndustry preference: Mineral resourcesIndustries excluded: Exclusive minerals focussedStage of investment: Post-resource delineation and pre-constructionAll stages except: Greenfi elds, construction, producingMinimum and maximum equity usually taken: Control (minimum)Geographical preferences: sub-Saharan Africa

REMARKS: Fig Tree believes the market opportunity to pursue the Fund’s specifi c investment strategy in sub-Saharan Africa is compelling, driven by a growing demand for commodities against a backdrop of fi nite natural resources and a scarcity of capital for project development.

The current mineral resources investment climate presents the Fund with an opportunity to invest in projects that have already defi ned a mineral resource, with the Fund’s capital used to develop and progress the project along the development curve towards feasibility.

4Di Capital

Physical Address: Belmont Square, Belmont Road, Rondebosch, Cape Town, 7701Tel: +27 (0)21 659 2042Fax: +27 (0)21 689 1151E-mail: [email protected]: www.4dicapital.comKey contact people: Lungile Makhanya; Anton van Vlaanderen

FUND DETAILS

Name of fund: 4Di Capital Fund ISize of fund: –Nature of fund: Seed to early stage investmentsFunds invested to date at cost: –Sources of funds: Institutional, privateNumber of portfolio assets currently in fund: 12Total number of private equity/venturecapital investments made to date: –Number of investment executives: 5


Minimum investment: R100 000Maximum investment: R5 millionWilling to syndicate: YesAverage current investment size: R2,5 millionIndustry preference: Technology (focus on Internet, software, mobile)Industries excluded: –Stage of investment: Start up, seed, early stageAll stages except: –Minimum and maximum equity usually taken: 15% to 40%Geographical preferences: Southern Africa

REMARKS: 4Di is an independent early-stage technology venture capital fund based in South Africa’s “Silicon Cape”. Nurture capital is the term that best describes 4Di’s purpose and philosophy. Using tried and tested international venture capital best practices, adapted for local use, 4Di believes in agile entrepreneur-friendly fi nance without frills, and in working as a team with their investees to achieve their true potential. 4Di targets start-up investment opportunities with high growth potential at the seed- and early-stages in the mobile, enterprise software and web sectors, seeking founder teams with hungry passion, commitment, domain expertise and deep insights into the large market problems they wish to solve with their technology solutions.

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59

Global Environm

ent FundG

loba

l Cap

ital

Global Capital

Physical Address: 21 West Street, Houghton, 2198Tel: +27 (0)11 728 0255Fax: +27 (0)11 728 8921E-mail: [email protected]: www.glocapital.comKey contact people and designation in South Africa: Larry Nestadt (Chairman); Frank Boner (CEO); David Vinokur, Brett BonerKey contact person in Australia: Gary Burg

FUND DETAILS

Name of fund: Global Capital Fund No. 4Size of fund: R250 millionNature of fund: Private EquityFunds invested to date at cost: R500 millionSource of funds: Private individuals and institutionsNumber of portfolio assets currently in fund: 12Total number of private equity/venture capital investments made to date: Private equity 11; venture capital 1Number of investment executives: 5


Minimum investment: R50 millionMaximum investment: No limitWilling to syndicate: YesAverage current investment size: n/aIndustry preference: NoneIndustries excluded: MiningStage of investment: Private equity, expansion/acquisition, MBOs, LBOs, BEEAll stages except: Start-upMinimum and maximum equity usually taken: 25% to 100%Geographical preferences: South Africa

REMARKS: Global Capital acts as a company’s fi nancial and business strategic, corporate adviser and confi dant, giving support to the management team. Occupying a position on the board, Global plays an active role in each of its investments, providing the experience and network of contacts to help take the company to the next stage of its development. It views each investment as a partnership and as such all parties involved must be comfortable and able to work together. Global acts swiftly, avoiding common bureaucracy, and maximises on fi rst-to-market opportunities to ensure that no opportunity is missed.

Global Environment Fund

Physical Address: 1 Melrose Boulevard, Unit 6, Melrose Arch, 2076, JohannesburgTel: +27 (0)11 063 9000Website: www.globalenvironmentfund.com Key contact people: George McPherson, +001-240-482-8933, [email protected]; Sulanji Siwale, [email protected]; Gordon Carrihill, [email protected]

FUND DETAILS

Name of fund: 1. GEF Africa Sustainable Forestry Fund (ASFF) 2. GEF Africa Growth Fund (AGF)Size of fund: 1. ASFF is a US$160 million (approx. R1,6 billion) fund that is closed 2. AGF is a US$150 million (approx. R1,5 billion) fund that is fund raising Nature of fund: 1. Pan African Fund investing growth capital exclusively into timber assets and timber related companies in the value chain 2. Pan Africa Fund investing in companies in clean/renewable energy, energy management technologies and services, environmental services, water/wastewater treatment, agricultural processing and transportation logistics Funds invested to date at cost: 1. ASFF: 5 investments totalling approximately US$100 million 2. AGF: Actively fund raising; fi rst closing of US$40 million completed; no investments made yetSource of funds: Institutional LPs – many of which are existing GEF limited partners Current portfolio size: 1. ASFF: approximately US$115 million 2. AGF: No investments completedTotal number of private equity/venture capital investments made to date: n/aNumber of investment executives: South Africa-based team of 12 investment professionals; GEF’s global team consists of thirty investment professionals


Minimum investment: US$5 million Maximum investment: n/a Willing to syndicate: Yes – typically with LPs Average current investment size: US$15 million (for all fi fty-one GEF investments)Industry preference: ASFF: timber assets only AGF: Clean energy/renewable, energy effi ciency, environmental services Industries excluded: n/a Stage of investment: Growth stage - companies must have revenue of at least US$10 million All stages except: VentureMinimum and maximum equity usually taken: Flexible Geographical preferences: sub-Saharan Africa

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FULL MEMBER

61

Grovest Venture C

apital Com

pany Limited

Grin

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Ban

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Grovest Venture Capital Company Limited

Physical Address: Katherine Street, Pinmill Offi ce Park, Building 2, Second Floor, SandtonTel: +27 (0)11 262 6433E-mail: [email protected]: www.grovest.co.zaKey contact person and designation: Jeff Miller (CEO)

FUND DETAILS

Name of fund: Grovest Venture Capital FundSize of fund: Raising R100 millionNature of fund: Early Stage, development capital, growth capital, expansion capitalFund structure: Capital raised from third parties and DirectorsFunds invested to date at cost: Currently investingNumber of portfolio assets currently in fund: 4Number of investment executives: 4


Minimum investment: R3 millionMaximum investment: R10 millionWilling to syndicate: YesAverage current investment size: R3 millionIndustry preference: Diversifi edIndustries excluded: Property, mining, agriculture, arms, tobacco, gaming & alcoholStage of investment: Early stage, development capital, expansion stage, growth capitalMinimum and maximum equity usually taken: Investment dependantGeographical preferences: South Africa

REMARKS: Grovest is managed by Venture Capital Management Services (VCMS). The VCMS Management team comprises Industry experts with over 100 years’ experience. Grovest is a section 12 J VCC Fund formed under the auspices of SARS, which allows investors to deduct 100% of their investment in Grovest from their taxable income. Grovest provides one with a diversifi ed investment in South African Private Companies whilst minimising the risk through the SARS approved Section 12 J tax deduction.

Grindrod Bank Private Equity

Physical Address: Grindrod Tower, 4th Floor, 8A Protea Place, Sandton, 2196Tel: +27 (0)11 459 1860Fax: +27 (0)11 459 1872Website: www.grindrodbank.co.zaKey contact person: Aris Malliaros, +27 (0)11 459 1879

FUND DETAILS

Name of fund: Grindrod Bank Private EquitySize of fund: R100 millionNature of fund: General private equity, growth capitalFunds invested to date at cost: R68 millionSource of funds: Grindrod Bank captive fundCurrent portfolio size: R68 millionTotal number of private equity/venture capital investments made to date: 4Number of investment executives: 2


Minimum investment: R10 millionMaximum investment: R30 millionWilling to syndicate: YesAverage current investment size: R17 millionIndustry preference: No preferenceIndustries excluded: No exclusionsStage of investment: Refer belowAll stages except: Early stage, start-ups or turnaroundsMinimum and maximum equity usually taken: 20% to 49%Geographical preferences: South Africa

REMARKS: Launched in January 2011, Grindrod Bank Private Equity is the captive private equity arm of Grindrod Bank. The fund generally focuses on equity type investments in established, well managed small to mid-market companies with a track record of profi ts and cash generation. The diverse and experienced investment team is able to leverage off Grindrod Bank’s corporate fi nance advisory, capital markets and debt lending divisions to advise and structure investment deals tailored to the specifi c needs of each investment opportunity.


FULL MEMBER

63

Harith G

eneral PartnersHarith General Partners

Physical Address: Harith General Partners, No 1 Chislehurston, 34 Impala Road, Sandton, 2146Tel: +27 (0)11 384 4000E-mail: [email protected]: www.harith.co.zaKey contact person and designation: Pule Molebeledi (Investor Relations)

FUND DETAILS

Name of fund: Pan African Infrastructure Development FundSize of fund: US$630 millionNature of fund: Greenfi eld infrastructure and expansion capitalFund structure: Capital raised from third parties Funds invested to date at cost: Around 85%Number of portfolio assets currently in fund: 8Total number of private equity/venture capital investments made to date: 7Number of investment executives: 10

Name of fund: Pan African Infrastructure Development Fund 2Size of fund: US$439 millionNature of fund: Greenfi eld infrastructure and expansion capitalFund structure: Capital raised from third parties Funds invested to date at cost: 0%Number of portfolio assets currently in fund: 0 Total number of private equity/venture capital investments made to date: 0 Number of investment executives: 10


Minimum investment: US$20 millionMaximum investment: US$100 millionWilling to syndicate: YesAverage current investment size: US$50 millionIndustry preference: Energy, transport, telecoms, wate, sanitation and healthIndustries excluded: Arms, liquor, gambling and child labourStage of investment: Greenfi eld infrastructure, growth capital, expansion capitalMinimum and maximum equity usually taken: 20% to 49% (minority)Geographical preferences: Pan African

REMARKS: Harith General Partners also owns London based Frontier Market Fund Managers which manages the Emerging African Infrastructure Fund and GuarantCo. FMFML has invested in over 63 infrastructure projects, primarily in the continent with a total exposure of more than US$2 billion.

AFRICA’S PRE-EMINENT INSURANCE BROKER AND RISK ADVISOR

MARSH AFRICA | www.africa.marsh.comAn authorised financial services provider | FSB/FSP: 8414

Success does not come from eliminating risk.

We help you balance your strengths againstthe risks that come with growth.

SUCCESS COMES FROMMANAGING RISKFOR .GROWTH

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65

iCubed C

apital (Pty) LimitedH

oriz

on E

quity

Par

tner

siCubed Capital (Pty) Limited

Physical Address: Greenacres Offi ce Park, Cotswold House, Offi ce 110, Barry Hertzog/Victory Rd & Rustenburg Road, Victory Park, Johannesburg, 2195Interim contact number: (083) 304 0704Fax: +27 (0)86 551 5544E-mail: [email protected]: www.icubedcapital.co.zaKey contact persons and designation: Ismail Kajee (Chairman)

FUND DETAILS

Name of Fund: iCubed SME Investment Fund Size of Fund: R50mNature of Fund: Growth Capital, Expansion CapitalFund Structure: Private Equity shareholdingFunds invested to date at cost: 20%Number of portfolio assets currently in fund: 3Total number of private equity/venture capital investments made to date: 3Number of investment executives: 3


Minimum investment: R50 000Maximum investment: R5 000 000Willing to syndicate: YesAverage current investment size: R500 000Industry preference: FMCG, Retail, Manufacturing & DistributionIndustries excluded: Gambling, liquor, sin industries & arms and ammunitionStage of investment: Growth capital, expansion capital, leveraged buy-outsMinimum and maximum equity usually taken: Minimum 25% with signifi cant infl uenceGeographical preference: Southern Africa

REMARKS: Established in 2012 and achieved in excess of 300% net asset growth in FMCG and Commercial Property ventures. Currently expanding on a joint venture initiative in the Homewares sector. Further investments are being considered “upstream” to ensure strategic positioning and relevance.

Horizon Equity Partners

Physical Address: 2 Commerce Square, 39 Rivonia Road, Sandhurst, 2196Tel: +27 (0)11 502 6940E-mail: [email protected]: www.horizonequity.co.zaKey contact people: Richard Flett; Garth Jarvis

FUND DETAILS

Name of fund: Horizon Fund IIISize of fund: R300 millionNature of fund: Generalist PE fund specialising in growth capitalFund structure: DFIs, FOFs, asset managersFunds invested to date at cost: R250 millionNumber of portfolio assets currently in fund: 6Total number of private equity/venture capital investments made to date: 25Number of investment executives: 3


Minimum investment: R20 millionMaximum investment: R60 millionWilling to syndicate: YesAverage current investment size: R40 millionIndustry preference: GeneralistIndustries excluded: Property, gambling, tobacco, alcohol, armaments, mining and primary agricultureStage of investment: All except seed and start-up Minimum and maximum equity usually taken: 25% minimum, no maximumGeographical preferences: Southern Africa

REMARKS: Horizon Equity is the most experienced provider of growth and buy-out capital to small and medium-sized enterprises in South Africa. Established in 1996, its core strength is providing capital to strong management teams whose growth aspirations are capital constrained. Our executives have on average, nearly 20 years’ experience across varied industry sectors in both investment and operational disciplines. The fi rm has partnered more than 20 companies in South Africa since its founding and successfully realised most of these investments, generating signifi cant value for shareholders in these companies.

FULL MEMBER


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67

Imbew

u Capital PartnersID

F M

anag

ers

Pty

LtdImbewu Capital Partners

Physical Address: Suite 5, Unit 10 Rydall Vale Offi ce Park, Douglas Saunders Drive, La Lucia Ridge, 4051Tel: +27 (0)31 566 1484Fax: +27 (0)87 231 2962E-mail: [email protected]: www.imbewucapital.co.zaKey contact person and designation: Gcina Zondi (Chief Executive)

FUND DETAILS

Name of fund: n/aSize of fund: n/aNature of fund: n/aFunds invested to date at cost: R40 millionSources of funds: Balance sheetCurrent portfolio size: 8Total number of private equity/venture capital investments made to date: 12Number of investment executives: 2


Minimum investment: R1 millionMaximum investment: n/aWilling to syndicate: YesAverage current investment size: R2,5 millionIndustry preference: No preferencesIndustries excluded: NoneStage of investment: MBO, MBI, LBO, expansion, mezzanine and BEEAll stages except: Seed, start-up and other early stagesMinimum and maximum equity usually taken: 25% to 45% Geographical preferences: None

REMARKS: Imbewu Capital Partners is a black-owned and controlled private equity and investment holding company. Imbewu Capital Partners invests, structures and raises funding for management buy-outs, leveraged buy-outs, strategic Black Economic Empowerment (BEE) transactions in partnership with management teams and shareholders. The company has a track record of leading and managing complex equity transactions and consortiums.

IDF Managers Pty Ltd

Physical Address: 33 Fricker Road, Illovo, Johannesburg Tel: +27 (0)11 772 7900 Fax: +27 (0)11 772 7950 E-mail: [email protected] Website: www.idf.co.za Key contact person and designation: Polo Leteka (CEO)

FUND DETAILS

Name of fund: IDF 1, IDF 2 Size of fund: R149 million, R500 million (committed R225 million by 31 March 2015) Nature of fund: Growth/Venture CapitalFunds invested to date at cost: R110 millionSources of funds: DFIs, Corporate Enterprise Development clientsCurrent portfolio size: 70Total number of private equity/venture capital investments made to date: 70Number of investment executives: 4


Minimum investment: R250,000Maximum investment: R30 millionWilling to syndicate: YesAverage current investment size: R1,6 millionIndustry preference: GeneralIndustries excluded: Gambling, military, speculative real estateStage of investment: IDF 1 closed, IDF 2 starting on 1 April 2015Minimum and maximum equity usually taken: 10% to 49%Geographical preferences: None

REMARKS: Our current portfolio is exclusively from investments in IDF 1 which had a maximum transaction size of R10 million with follow on investments. IDF 2 will make investments of up to R30 million and we expect the average transaction size to move from the current R1,6 million to R5 million.

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69

Inspired Evolution Investm

ent Managem

ent (Pty) LtdIn

dustr

ial D

evel

opm

ent C

orpo

ratio

n (ID

C)Inspired Evolution Investment Management (Pty) Ltd

Physical Address: Suite 10, 1st Floor, Amdec House, Steenberg Offi ce Park, Tokai, 7945, Cape Town Tel: +27 (0)21 702 1290 Fax: +27 (0)21 702 1483 E-mail: [email protected] Website: www.inspiredevolution.co.zaKey contact people: Christopher Clarke; Wayne Keast

FUND DETAILS

Name of fund: Evolution One Fund Size of fund: US$90 million (circa ZAR850 million) Nature of fund: Clean energy and resource effi ciency Funds committed and invested to date: Committed R722 millionAt cost: Invested R450 millionSources of funds: IFC, FinnFund, Sifem, Castleway, Cyane Holdings, Norfund, African Development Bank, IDC, GEEREF (EIF) Number of investment executives: 2 managing partners, 3 principals & 4 analysts/associates, 1 fi nancial manager, 1 nonexecutive chairmanStatus: Fully committed, end of Commitment Period reached. Harvesting phase.

Name of fund: Evolution II (announced 2015)Size of fund: Target – US$250 million (circa ZAR2,75 billion) Nature of fund: Clean and sustainable energy & resource effi ciency growth equity and infrastructure


Minimum investment: R20 millionMaximum investment: R200 million plus (with co-investment rights) Willing to syndicate: Yes Average current investment size: R100 million-R150 millionIndustry preference: Multi-sector: clean and sustainable energy & resource effi ciency Industries excluded: Tobacco, alcohol, gaming, fi xed asset (property), defence, select environmental category exclusions Stage of investment: Mostly expansion stage/greenfi eld and brownfi eld infrastructure, limited LBO All stages except: Angel and seed (some seed capacity for early infrastructure) Minimum and maximum equity usually taken: Signifi cant minority 25,1% to control positions (may dilute in larger project fi nance investments) Geographical preferences: sub-Saharan Africa

REMARKS: Inspired Evolution offers specialised, deep sector expertise, combined with a global track record for investors and enterprises.

Industrial Development Corporation (IDC)

Physical Address: 19 Fredman Drive, Sandown, 2196Postal address: PO Box 784055, Sandton, 2146Tel: +27 (0)11 269 3000Fax: +27 (0)11 269 3116E-mail: [email protected]: www.idc.co.zaContact details: Call centre 0860 693 888

INVESTMENT CRITERIAMinimum investment: R1 millionMaximum investment: Dependent on nature of transactionWilling to co-invest: Yes

Our strategic business units are split into three divisions:

Agro-Processing Value Chain, Industrial Infrastructure & New industries: Agro-processing and Agriculture New industriesIndustrial infrastructure

Metals Value Chain:Basic Metals and MiningMachinery & EquipmentAutomotive & Transport Equipment

High Impact:Heavy ManufacturingLight Manufacturing & Tourism Media and Motion Pictures Rest of Africa Support

Exclusions: GamblingStage of investment: From prefeasibility stage onwardsMinimum and maximum equity usually taken: Depends on transactionInvestment focus/region: Africa

REMARKS: The IDC is a state-owned national development fi nance institution that provides fi nancing to entrepreneurs engaged in competitive industries. It follows normal company policies and procedures in its operations; pays income tax at corporate rates and dividends to its shareholder; and reports on a consolidated basis, with its annual report available to the public. The IDC’s primary objectives are to contribute to the generation of balanced sustainable economic growth in Africa and to the economic empowerment of the SA population, promoting the economic prosperity of all African citizens.

Financial instruments include:• Equity• Quasi-equity• Commercial loans• Wholesale fi nance• Share warehousing• Export/import fi nance• Short-term trade fi nance; and• Guarantees.

FULL MEMBER


FULL MEMBER

71

Investec Asset M

anagement -

Africa Private Equity Fund

Inve

nfin

Investec Asset Management - Africa Private Equity Fund

Physical Address: 36 Hans Strijdom Avenue, Foreshore, Cape Town, South Africa, 8001Tel: +27 (0)21 416 1916E-mail: gerben.dijkstra @investecmail.com; [email protected]: www.investecassetmanagement.comKey contact people: Gerben Dijkstra; Nick Tims

FUND DETAILS

Name of fund: Investec Africa Private Equity Fund 2Size of fund: Fund 1: US$155 million (R1,5 billion) Fund 2: US$350 million (R3,5 billion) (Target Size)Nature of fund: Growth capitalFund structure: Capital raised from third partiesFunds invested to date at cost: Fund 1: US$125 million (Fully Invested) Fund 2: US$0 (Fund launch Q1 2014)Number of portfolio assets currently in fund: Fund 1: 7 Fund 2: 0 (Fund launch Q1 2014)Total number of private equity/venture capital investments made to date: 7Number of investment executives: 7 plus 2 advisors


Minimum investment: US$15 million (R150 million), with a target range of US$15-40 million (R150 million-R400 million)Maximum investment: US$70 million (R700 million) with ability to make larger investments through bringing in co-investorsWilling to syndicate: YesAverage current investment size: US$15-40 million (R150 million-R400 million)Industry preference: Generalist – sector agnostic with preference for consumer facing businesses Industries excluded: Sector agnosticStage of investment: Growth capital, expansion capital, later-stage capital, buy-outs, partial buy-outs, Minimum and maximum equity usually: 10% to 100% with a preference for management to hold material stake alongside fundGeographical preferences: Pan Africa mandate - focus on businesses in sub-Saharan Africa, across both the larger markets (such as Nigeria and South Africa) and the smaller jurisdictions (such as Angola, Mozambique and Zimbabwe)

REMARKS: Investec Asset Management’s (IAM) African private equity Fund is at the core of a wider African investment capability at IAM. The experienced primary investment team is an integral part of this broader Pan-African investment capability – one that comprises over 60 investment professionals and manages over US$40 billion (of IAM’s US$110 billion in assets under management), of which over US$4 billion is in Africa ex-SA focused investments. Our Africa expertise and extensive networks allow us to operate successfully in diverse and tough markets. We started investing in African private markets outside of South Africa in 2008. We invest in portfolio companies operating in Nigeria, Zimbabwe, Angola, Mozambique, South Africa, Zambia, Cote d’Ivoire, Cameroon, Uganda, DRC, Malawi, North and South Sudan.

Invenfi n

Postal Address: PO Box 456, Stellenbosch, 7599 Tel: +27 (0)21 888 3355E-mail: contact@invenfi n.com Website: www.invenfi n.com; Twitter: @Invenfi nKey contact person: Stuart Gast

FUND DETAILS

Name of fund: Invenfi n Size of fund: Undisclosed Nature of fund: Private company, owned by Remgro Ltd. Venture partner investment company focused on differentiated products or businesses with a sustainable competitive advantage and international expansion potential.Sources of funds: Shareholder Current portfolio size: 8 Number of investment executives: 3


Minimum investment: None Maximum investment: None Willing to syndicate: Yes Average current investment size: R15 millionIndustry preference: All except below Industries excluded: Property & traditional infrastructure, manufacturing infrastructure, primary agriculture, service businesses, gambling, franchisee operations Stage of investment: Venture CapitalAll stages except: Private equity, buy-out Minimum and maximum equity usually taken: (Signifi cant minority) 26% to 49% Geographical preferences: None

REMARKS: Invenfi n is a long term equity partner, seeking to assist founders and executive teams to meet their signifi cant challenges, with the ultimate objective of building sustainable business value. The Invenfi n team are “hands-on” investors, working with each company’s management team to enhance performance, through leveraging their deep business experience, strategic & branding expertise, and networks. Their principal focus is equity funding of businesses that have evolved well beyond the seed or start-up stage, with high growth potential, typically achieved through scaling internationally.

FULL MEMBER


FULL MEMBER

73

Investec Principal Investments

Jarv

ie G

roup

Investec Principal Investments

Physical Address: 100 Grayston Drive, Sandown, Sandton, 2196Tel: +27 (0)11 286 8433E-mail: [email protected] Website: www.investec.com Key contact person: Arlene Lubbe

FUND DETAILS

Name of fund: Investec Principal InvestmentsSize of fund: Open endedNature of fund: MBOs, LBOs, expansion, acquisitionFund structure: n/aFunds invested to date at cost: n/aNumber of portfolio assets currently in fund: 18Total number of private equity/venture capital investments made to date: 43 Number of investment executives: 13


Minimum investment: EV greater than R150 millionMaximum investment: No limitWilling to syndicate: YesAverage current investment size: R400 millionIndustry preference: AllIndustries excluded: Primary agriculture, mining & propertyStage of investment: Development capital, expansion stage, growth capital, expansion capital, later-stage capital, buy-outs, partial buy-outs, leveraged buy-outsMinimum and maximum equity usually taken: 25% to 49%Geographical preferences: Southern Africa, sub-Saharan Africa, The UK, Australia

Jarvie Group

Physical Address: Fairscape Tower, Fairscape Precinct, Plot 70667, Fairgrounds Offi ce Park Tel: +267 365 1300, Fax: +267 391 3539, E-mail: [email protected], Website: www.bdc.bw Key contact person: Bafana Molomo, Chief Operations Offi cer

FUND DETAILSName of fund: n/a Size of fund: n/a Nature of fund: n/a Funds invested to date at cost: n/a Sources of funds: n/a Current portfolio size: 41 Total number of private equity/venture capital investments made to date: Number of investment executives: n/a

INVESTMENT PREFERENCESMinimum investment: BWP30 millionMaximum investment: Up to 10% of NAVWilling to syndicate: Yes Average current investment size: P60mIndustry preference: Agro-processing, Manufacturing, Infrastructure, Energy, Services, Healthcare, Education, Information TechnologyIndustries excluded: • Production or trade in any product or activity deemed illegal under Botswana or applicable international laws • Production or trade in radioactive materials; • Production or trade in or use of unbonded asbestos; • Production or trade in pharmaceuticals, chemical compounds and other harmful substances subject to international phase-outs or bans; • Production or trade of ozone-depleting substances subject to international phase-out; • Production of and trade in tobacco • Trade in wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES); and • Production and activities involving harmful or exploitative forms of forced labour and/or child labour as defi ned by national regulations. Stage of investment: Early stage, Expansion, BuyoutsAll stages except: n/a Minimum and maximum equity usually taken: 26% - 49% Geographical preferences: Sub-Saharan Africa

FULL MEMBER


FULL MEMBER

75

Ke Nako C

apitalKa

giso

Tis

o H

oldi

ngs

Prop

rieta

ry L

imite

d (K

TH)

Ke Nako Capital

Physical Address: 7 Kildare Centre, Wheelan Road, Newlands, 7700Tel: +27 (0)21 671 3311E-mail: [email protected] Website: www.kenakocapital.co.zaKey contact people: Carlo Dickson; Karabo Nkoana

FUND DETAILS

Name of fund: 1) Ke Nako Private Equity Fund Trust (Commitment period closed) 2) Ke Nako Fund II en commandite partnership (Commitment period open) 3) Alternative Equity Partners (Commitment period closed) 4) SA Pension Fund (Commitment period open)Size of funds under management: R3,3 billionNature of funds: Growth capital, expansion and replacement capital (Co-investments with GP’s)Fund structure: Fund of fund


Co-investments alongside General PartnersIndustry preference: GeneralistIndustries excluded: NoneGeographical preferences: South Africa

REMARKS: Ke Nako seeks to establish sustainable partnerships with South African General Partners while enhancing institutional investor’s exposure to Primaries, Secondaries and Co-investments (alongside General Partner relationships).

Kagiso Tiso Holdings Proprietary Limited (KTH)

Physical Address: Kagiso Tiso House, 100 West Street, Wierda Valley, Sandton, 2196 Tel: +27 (0)11 562 2500 Fax: +27 (0)11 562 2501Website: www.kth.co.zaKey contact person and designation: Theresa Griffi ths (Head: Marketing & CSI)

FUND DETAILS

Name of fi rm: Kagiso Tiso Holdings Proprietary LimitedSize of fund: On balance sheetNature of fund: Investment holding Fund structure: Investment holding companyFunds invested to date at cost: n/a Current portfolio size: R9,0 billion NAVTotal number of private equity/venture -capital investments made to date: 34 Companies Number of investment executives: 10


Minimum investment: R250 million Maximum investment: Dependant on nature of transactionWilling to syndicate: Yes Average current investment size: n/a Industry preference: Financial services, industrials, health, media, power, food Industries excluded: n/aStage of investment: MBO, MBI, acquisition, secondary purchase All stages except: Seed and start-upMinimum and maximum equity usually taken: Signifi cant infl uenceGeographical preferences: Sub-Saharan Africa

REMARKS: KTH boasts a track record of investment performance and creating long term sustainable shareholder value. As a result, KTH currently has a portfolio of investments comprising market leading companies across key sectors. KTH is an active shareholders of reference in portfolio companies, through participation at board level and the various sub-committees. These companies are generally, high growth or cash generative and meet strict investment criteria of inter alia generating market related returns for KTH. KTH maintains a long term horizon and can therefore partner with companies throughout cycles without pressure to exit. KTH is also able to provide empowerment credentials to its investor companies through being a Black-owned and managed investment company. KTH invests directly on the rest of the continent.

FULL MEMBER


FULL MEMBER

77

Knife CapitalKl

eoss

Cap

ital

Knife Capital

Physical Address: 202 Waterfront Terraces, Tyger Waterfront, TygervalleyTel: +27 (0)21 914 5566Fax: +27 (0)86 553 9740E-mail: [email protected]: www.knifecap.comKey contact people and designation: Eben van Heerden (CEO); Keet van Zyl; Andrea Böhmert

FUND DETAILS

Name of fund: Here Be Dragons (‘HBD’) VCSize of fund: R138 millionNature of fund: Growth equity venture fundFunds invested to date at cost: R138 millionSources of funds: Private individualNumber of portfolio assets currently in fund: 3Total number of private equity/venture capital investments made to date: 7Number of investment executives: 3


Minimum investment: R5 millionMaximum investment: R30 millionWilling to syndicate: YesAverage current investment size: R20 millionIndustry preference: Innovation-driven VenturesIndustries excluded: Morally objectionable industriesStage of investment: High-growth/expansionAll stages except: Seed capitalMinimum and maximum equity usually taken: 25% to 49%Geographical preferences: Southern Africa

REMARKS: Knife Capital is a South African growth equity fund manager, investor and advisor focusing on innovation-driven ventures with proven traction. It is the incarnation of the SA venture capital division of HBD – a privately owned emerging market investment group founded by Internet entrepreneur and cosmonaut Mark Shuttleworth. JSE AltX listed active investment holding company Afdawn acquired Knife Capital in March 2014 to capacitate the group to execute its investment vision. Knife Capital also runs the Grindstone Accelerator – a year-long entrepreneurial development programme to assist post-revenue scalable innovation-driven businesses in accelerating strategy execution.

Kleoss Capital

Physical Address: 2nd Floor, Offi ce 05, Norwich Place West, 3 Norwich Close, Sandton, 2196 Tel: +27 (0)11 666 1660Fax: +27 (0)11 784 5119Website: www.kleosscapital.comKey contact people and designation: Hale Matsipa (Managing Partner), [email protected]; Andile Keta (Partner), [email protected]; Zain Laher (Partner), [email protected]

FUND DETAILS

Name of fund: Kleoss Fund ISize of fund: R750 million (First Close – targeting R1,2 billion)Nature of fund: GeneralFunds invested to date at cost: nilSources of funds: VariousCurrent portfolio size: nilTotal number of private equity/venture capital investments made to date: nilNumber of investment executives: 6


Minimum investment: R50 millionMaximum investment: R150 millionWilling to syndicate: YesAverage current investment size: n/aIndustry preference: Education, healthcare, consumer goods, infrastructure, information technology, fi nancial services, and industrialsIndustries excluded: Direct mining and real estate, although the Fund will invest along the value chainStage of investment: Expansion/Growth Capital, LBO, BEE FundingAll stages except: Start-upMinimum and maximum equity usually taken: Signifi cant minority to controlling stakeGeographical preferences: South African companies (including companies with rest of-Africa exposure)

REMARKS: Kleoss strategically invests in growth companies with strong management teams that have a vision of being Pan-African industry leaders. Kleoss strongly believes in partnering with portfolio company’s management and alignment of interests through well-thought and measurable incentives. Our strategy is to partner with portfolio company management teams and be operationally involved and leverage our resources and networks to create value and generate superior returns for our investors through a pro-active and methodical approach that is executed with dedication and consistence. Kleoss is a Level 1 BBBEE contributor.

FULL MEMBER


FULL MEMBER

79

Makalani M

anagement C

ompany (Pty) Ltd

Leaf

Cap

ital

Makalani Management Company (Pty) Ltd

Physical Address: 18 Hurlingham Road, Illovo, JohannesburgTel: +27 (0)11 428 0680E-mail: [email protected]: www.makalani.co.zaKey contact person and designation: Keshan Pillay (CEO)

FUND DETAILS

Name of fund: Makalani Holdings Limited (Fund I)Size of fund: R2,5 billionNature of fund: Mezzanine fi nancing for BEE transactionsFund structure: Capital raised from third partiesFunds invested to date at cost: R2,5 billionTotal number of private equity/venture capital investments made to date: 33 (fund closed and realised)Number of investment executives: 2Status: Fully invested and realised

Name of fund: Makalani Fund IISize of fund: R1,25 billionNature of fund: Mezzanine fi nancing for BEE transactionsFund structure: Capital raised from third partiesFunds invested to date at cost: n/aTotal number of private equity/venture capital investments made to date: n/aNumber of investment executives: 4+Status: Currently in fund-raising


Minimum investment: R20 millionMaximum investment: R150 millionWilling to syndicate: YesAverage current investment size: R100 millionIndustry preference: All industries other than exclusions belowIndustries excluded: Alcohol (excluding beer and wine), armaments, gambling, residential property, tobacco and derivative speculationStage of investment: Later stage capital, no seed and start-upsMinimum and maximum equity usually taken: n/aGeographical preferences: South Africa

REMARKS: Makalani Management Company (Pty) Ltd (“Makalani”) was established in 2005 to manage all activities of the listed R2,5 billion mezzanine portfolio of Makalani Holdings (Pty) Ltd (“Fund I”). These activities included deal origination, mezzanine fi nance, debt structuring as well as portfolio management. Makalani Holdings (Pty) Ltd was subsequently delisted in June 2010. Fund I has been fully realised and all capital returned to investors.

Makalani is in the process of raising capital for a second BEE and mezzanine fund (“Fund II”), targeted to be R1,25 billion, from a range of South African and/or foreign investors. Fund II will operate with the same mandate and focus as that of Fund I.

Physical Address: 5th Floor, Protea Place, Protea Road, Claremont, 7708Tel: +27 (0)21 657 1180E-mail: [email protected]: www.leafcapital.co.zaKey contact people and designation: Paul Leaf-Wright (Director); Stephen Warner (Director)

FUND DETAILS

Name of fund: Leaf Private Equity No. 1 Size of fund: R48 millionNature of fund: Small to mid-cap general private equity

Name of fund: Leaf Capital Infi nitus Size of fund: Open ended, currently R515millionNature of fund: Mid-cap general private equityFund structure: Investment Holding CompanyNumber of portfolio assets currently in fund: 6Total number of private equity/venture capital investments made to date: 6Number of investment executives: 5


Minimum investment: R50 millionMaximum investment: R150 millionWilling to syndicate: YesAverage current investment size: R68 millionIndustry preference: No specifi c industry preferenceIndustries excluded: Property development and mining explorationStage of investment: Growth and later-stage capitalMinimum and maximum equity usually taken: 25% to 80%Geographical preferences: South Africa

Leaf Capital

FULL MEMBER


FULL MEMBER

81

Mergence

Med

u C

apita

lMergence

Physical Address: 6th Floor, The Equinnox Building, Sea Point, Cape Town Tel: +27 (0)21 433 2960 Fax: +27 (0)21 433 0675 E-mail: [email protected] Website: www.mergence.co.za

FUND DETAILS

Name of fund: Mergence Infrastructure Equity Fund Target Fund Size: R1.5 billionNature of fund: Large and small-scale infrastructureFunds invested to date at cost: 0Sources of funds: Institutional Investors and Development Finance InstitutionsCurrent portfolio size: Fund raisingTotal number of private equity/venture capital investments made to date: 0Number of investment executives: 6


Minimum investment: R30 millionMaximum investment: R300 millionWilling to syndicate: YesAverage current investment size: 0Industry preference: Infrastructure assetsIndustries excluded: n/aStage of investment: Development, Construction and operationalMinimum and maximum equity usually taken: NoneGeographical preferences: None

Medu Capital

Physical Address: 2 Fricker Road, Illovo Boulevard, Illovo, Sandton, 2196Tel: +27 (0)11 268 9140E-mail: [email protected]: www.meducapital.co.zaKey contact people: Ernest January, [email protected]; Nhlanganiso Mkwanazi, [email protected]; Siyabonga Nhlumayo, [email protected]

FUND DETAILS

Name of fund: Medu Capital Fund ISize of fund: R300 millionStatus: Fully invested and realised

Name of fund: Medu Capital Fund IISize of fund: R900 millionStatus: Fully invested

Name of fund: Medu Capital Fund IIISize of fund: R1 billionNature of fund: General private equity fund Fund structure: Capital raised from third partiesTotal number of private equity/venture capital investments made to date: 24Number of investment executives: 7


Minimum investment: R50 millionMaximum investment: R200 millionWilling to syndicate: YesStage of investment: Established companiesMinimum and maximum equity usually taken: 15% to 80%Geographical preferences: Africa

REMARKS: Medu Capital aims to acquire signifi cant minority and/or control interests in established medium-sized businesses.

FULL MEMBER


FULL MEMBER

83

MetierMet

ier


Sustainable Investments Minimum investment: R20 millionMaximum investment: R100 millionWilling to syndicate: YesAverage current investment size: R50 Industry preference: Renewable energy, energy effi ciency, waste and water managementIndustries excluded: Unbankable technologyStage of investment: Growth, project expansion and development stage capitalAll stages except: Seed capital, start-up, early stageMinimum and maximum equity usually taken: Generally 20% to 60%Geographical preferences: South and Southern Africa

REMARKS: Metier has a track record of outstanding performance in private equity, with team members having concluded over 80 deals and having achieved a greater than 30% annual internal rate of return over the past three decades. It has an active and effective culture and is ideally positioned to partner investors and portfolio companies alike. We believe that private equity requires the deep involvement of experienced managers putting their own skills, energy and capital at risk alongside institutional investors.

The Capital Growth Funds focus on taking substantial equity positions, including control, in medium sized to large companies that have strong management teams, an earnings history and good growth prospects. Investments are targeted in sectors set to benefi t from demographic trends such as population growth and increased urbanisation, and the accompanying consumer spend from the emerging middle class and which are advantageously exposed to the multiplier effects of rising capital spend on infrastructure and increasing intra-regional and international trade.

The Lereko Metier Sustainable practice has garnered traction since its inception with a total of funds under management now approaching R1.5 billion. The primary fund, being Lereko Metier Sustainable Capital (LMSC), targets investment in energy effi ciency, renewables, water and waste management businesses and projects supporting the region’s development objectives and environmental commitments. Primarily with the support of its investors LMSC has created two co-investment vehicles which augment LMSC’s holdings in the assets the fund is committed to.

Metier

Physical Address: 39 Rivonia Road, Sandhurst, Johannesburg Tel: +27 (0)11 268 4000 E-mail: [email protected] Website: www.metier.co.za Key contact person and designation: Paul Botha (CEO)

FUND DETAILS ENTITY (1)

Name of fund: Capital Growth FundsSize of fund: Predecessor fund – R3,5 billion, Successor fund – fund raising (fi rst and subsequent closings held)Nature of fund: Growth capitalFunds invested to date at cost: Predecessor fund – R2,5 billionSources of funds: Capital raised from third partiesTotal number of private equity/venture capital investments made to date: 8, 2 of which are realisedNumber of investment executives: 13


Name of fund: Lereko Metier Sustainable Capital Fund Size of fund: R690 million Nature of fund: Resource effi ciencyFunds invested to date at cost: R368 millionSources of funds: Capital raised from third partiesTotal number of private equity/venture capital investments made to date: 5Number of investment executives: 6


Capital Growth FundsMinimum investment: R50 millionMaximum investment: R750 millionWilling to syndicate: YesAverage current investment size: R316 million (including platform build ups) Industry preference: DiverseIndustries excluded: Spirits and gamblingStage of investment: Development capital, expansion stage, growth capital, expansion capitalAll stages except: Seed capital, start-up, early stageMinimum and maximum equity usually taken: Generally 20% to 60%Geographical preferences: South and Southern Africa

FULL MEMBER


FULL MEMBER

85

Nedbank C

apital Private EquityM

usa

Cap

ital

Nedbank Capital Private Equity

Postal Address: PO Box 1144, Johannesburg, 2000 Tel: +27 (0)11 294 3321 Fax: +27 (0)11 295 3321 Postal Address: PO Box 5662, Durban, 4000 Tel: +27 (0)31 364 1567Fax: +27 (0)31 364 2936 E-mail: [email protected] Website: www.nedbankcapital.co.za Key contact person: Clive Howell

FUND DETAILS

Name of fund: Nedbank Capital Private Equity Size of fund: R1,3 billion Nature of fund: Captive fund Funds invested to date at cost: >R2 billion Sources of funds: Balance sheet Current portfolio size: 14 Total number of private equity/venture capital investments made to date: 84 Number of investment executives: 7


Minimum investment: R30 millionMaximum investment: R150 million Willing to syndicate: Yes Average current investment size: R90 millionIndustry preference: All sectors Industries excluded: Real estate, primary agriculture Stage of investment: MBO, expansion, acquisition, replacement capital, mezzanine All stages except: Start-up Minimum and maximum equity usually taken: Signifi cant minority interests Geographical preferences: South Africa and SADC

REMARKS: Nedbank Capital Private Equity is the Captive On Balance Sheet private equity business within the Nedbank Group. It is managed by a team of investment professionals with extensive investment experience and a well established track record in a wide range of industries. The team seeks to partner with entrepreneurs and management teams as it seeks to add and create value for the underlying investee companies and all stakeholders involved.

Musa Capital

Physical Address: 3 Commerce Square, 3rd Floor, 39 Rivonia Road, Sandhurst, JohannesburgTel: +27 (0)11 771 6300Fax: +27 (0) 11 771 6333 E-mail: [email protected] Website: www.musacapital.com Key contact people: William Jimmerson; Richard Akwei

CURRENT FUND DETAILS

Name of fund: Musa Kubu FundSize of fund: R575 millionNature of fund: Private Equity and Structured DebtSector focus: Affordable housing, food value chain, fi nancial services, ITC, logisticsFunds invested to date at cost: R395 million as at February 28, 2014Sources of funds: Institutional and family offi ceCurrent portfolio size: R395 million as at 28 February, 2014Average current investment size: R43 millionTotal number of private equity/venture capital investments made to date: 9Number of investment executives: 5


Minimum investment: R25 millionMaximum investment: R100 millionWilling to syndicate: YesIndustry preference: Affordable housing, food value chain, healthcare, fi nancial services, ITC, logisticsExcluded industries: Alcohol, tobacco, gambling, weapons and militaryStage of investment: Expansion capitalMinimum and maximum equity stake: 30% to 80%Geographical preferences: sub-Saharan Africa, with particular focus on Botswana, Kenya, Namibia, Nigeria, South Africa and Tanzania

REMARKS: We focus on small to medium-sized enterprises that make up the “missing middle” market in Africa. Musa believes in an active management approach, which combines fi nancial capital with human capital development, strategic planning, strict governance structures and operational support at the executive level to maximise investment. The fi rm tends to limit its active portfolio base to allow its senior team to become fully engaged in value creation at the operational level, which is facilitated by our controlling positions taken in investments. We have a holistic investment philosophy which emphasizes fi nancial returns to investors, sponsors, stakeholders and the communities in which the portfolio companies operate. This approach has resulted in a net IRR of 20% for the Musa Kingdom Fund (“Fund 1”) and a partially realized 17% IRR in the Musa Kubu Fund (“Fund 2”), which is vintage 2008.

FULL MEMBER


FULL MEMBER

87

Novare Equity Partners (Pty) Ltd

Nod

us E

quity

Physical Address: 1st Floor, The Cliffs, Offi ce Block 1, Niagara Way, Tyger Falls, Carl Cronje Drive, Bellville, 7530Tel: + 27 21 914 7730E-mail: [email protected]: www.novare.com and www.novareequitypartners.comKey contact person and designation: Derrick Roper, Director

FUND DETAILSName of fund: Novare Africa Property Fund ISize of fund: R998,632,631Nature of fund: Growth capitalFund structure: Capital raised from third partiesFunds invested to date at cost: R799 millionNumber of portfolio assets currently in fund: 4Total number of private equity/venture capital investments made to date: 4Number of investment executives: 8

INVESTMENT PREFERENCESMinimum investment: R57 millionMaximum investment: R229 millionWilling to syndicate: YesAverage current investment size: R200 millionIndustry preference: Financial & Insurance Real EstateIndustries excluded: All except propertyStage of investment: Development capitalMinimum and maximum equity usually taken: 20% to 100%Geographical preferences: Sub-Saharan Africa, excluding South Africa

FUND DETAILSName of fund: Novare Africa Property Fund IISize of fund: R393,436,431Nature of fund: Growth capitalFund structure: Capital raised from third partiesFunds invested to date at cost: R393 millionNumber of portfolio assets currently in fund: 2Total number of private equity/venture capital investments made to date: 2Number of investment executives: 8

INVESTMENT PREFERENCESMinimum investment: R57 millionMaximum investment: R286 millionWilling to syndicate: YesAverage current investment size: R197 millionIndustry preference: Financial & Insurance Real EstateIndustries excluded: All except propertyStage of investment: Seed capital, Start up & Early stageMinimum and maximum equity usually taken: 20% to 100% Geographical preferences: Sub-Saharan Africa, excluding South Africa

Nodus Equity

Physical Address: 1st Floor, Entrance 2, 32 Fricker Road, Illovo Boulevard, Illovo, 2196, South AfricaTel: +27 (0)11 327 6907E-mail: [email protected]: www.nodus.co.zaKey contact person: Erich Schulenburg

FUND DETAILS

Name of fund: Nodus EquitySize of fund: Open-ended, currently R200 millionNature of fund: Mid-market LBOs & MBOsFund structure: Investment holding companyFunds invested to date at cost: R105 millionNumber of portfolio assets currently in fund: 6Total number of private equity/venture capital investments made to date: 7Number of investment executives: 2


Minimum investment: R10 millionMaximum investment: R50 millionWilling to syndicate: YesAverage current investment size: R15 millionIndustry preference: NoneIndustries excluded: Agriculture, mining, propertyStage of investment: Expansion to matureMinimum and maximum equity usually taken: 10% to 49%Geographical preferences: South Africa

REMARKS: Nodus Equity focuses on equity investments in established, well managed mid-market companies that have a history of profi tability and operate primarily in South Africa.

Novare Equity Partners (Pty) Ltd

FULL MEMBER


FULL MEMBER

89

Old M

utual Alternative Investm

entsOld

Mut

ual A

ltern

ativ

e In

vestm

ents

Name of fund: Schools and Education Investment Impact Fund of South AfricaSize of fund: R1,2 billionNature of fund: Schools and education investmentsFund structure: Trust


Minimum investment: R75 millionMaximum investment: R2 billionWilling to syndicate: YesAverage current investment size: R240 millionIndustry preference: All Industries consideredIndustries excluded: Fund Specifi cStage of investment: Expansion, MBO, LBO, replacement capital, project fi nance on a limited recourse basis, development capital, growth capital and later-stage capital Minimum and maximum equity usually taken: 10% to controlGeographical preferences: Southern Africa and Africa (fund dependent)

REMARKS: Old Mutual Alternative Investments has 15 active funds and 26 fund of funds investing in over 90 portfolio companies. We have 50 investment professionals with over 320 years of collective experience. Our client base spans over 1 000 investors.

Our Private Equity team has participated in 10 of the 12 largest private equity transactions over the last decade. The team’s acute understanding of the trends and macro-economics of South Africa, combined with its active involvement in the underlying companies has been critical to its success.

The Infrastructure team specializes in originating, structuring, developing and executing infrastructure investment transactions as well as managing these assets over the long term. Our funds have the dual aim of delivering strong medium-to-long term returns through infrastructure investments that have a tangible impact on society, whilst ensuring that acceptable ESG criteria are adhered to.

The focus of our Development Impact Fund team is on developing affordable housing and providing access to quality education through training teachers as well as upgrading/building new school infrastructure. The knock-on effects of these initiatives are tangible economic development and job creation.

Old Mutual Alternative Investments

Postal Address: PO Box 878, Cape Town, 8000Tel: +27 (0)21 509 6869E-mail: [email protected]: www.oldmutualalternatives.comKey contact people and designation: Paul Boynton (CEO); Jacci Myburgh (Head of Private Equity); James Regout (Head of International Private Equity); Jurie Swart (Head of Infrastructure); Christine Glover (Head of Development Impact Funds)

FUND DETAILS

1. Private EquityName of fund: OMPE Fund IVSize of fund: R4 billionNature of fund: General Private Equity investments Fund structure: Partnership

2. Private Equity Fund of FundsName of fund: Old Mutual Multi Manager Private Equity Fund III Size of fund: R600 millionNature of fund: General Private Equity Fund of Funds investmentsFund structure: Endowment Policy

Name of fund: OMIGSA International Private Equity Fund of Funds II Size of fund: US$250 millionNature of fund: Growth capital and mid-market buy-outsFund structure: Dublin listed fund

Name of Fund: OMIGSA Africa Private Equity Fund of FundsSize of Fund: US$75 millionNature of Fund: General Private Equity Fund of Funds investmentsFund structure: Dublin listed fund

3. Infrastructure Name of fund: IDEAS Fund Size of fund: R8,5 billionNature of fund: Infrastructure, assetsFund structure: Endowment Policy

4. Development Impact Funds Name of fund: Financial Sector Charter FundSize of fund: R5,8 billionNature of fund: Financial Sector charter assets Fund structure: Captive fund

Name of fund: Housing Impact Fund South AfricaSize of fund: R9,1 billionNature of fund: Affordable income housing and development Fund structure: Trust

FULL MEMBER


FULL MEMBER

91

Pembani Rem

gro Infrastructure Managers

(Pty) LtdPa

ean

Priv

ate

Equi

tyPan-African Private Equity 1 Fund Managers (Pty) Ltd (PAPE)

Physical Address: Summit Square, 1st Floor, 15 School Road (Opposite Summit Rd and cnr Rivonia Rd), Morningside, Sandton, 2196, Gauteng, South AfricaTel: +27 (0)11 8838036E-mail: [email protected]; [email protected]: www.papefunds.co.zaKey contact people: Dr Zuko Kubukeli; Kuhle Kunene

FUND DETAILS

Name of fund: Pan-African Private Equity Fund 1 (Pty) Ltd (PAPEF1) and Pan-African Private Equity Fund 2012 (Pty) Ltd (PAPEF2012)Size of fund: PAPEF1 R250 million (Fully invested), PAPEF2012 R300 million (Still investing)Nature of fund: BEE/generalist/growth-oriented/Pan-African/no start-upsFund structure: Pan-African Capital Holdings (Pty) Ltd and SA institutional investors (semi-captive)Funds invested to date at cost: R405 million Number of portfolio assets currently in fund: 8Total number of private equity/venture capital investments made to date: 11Number of investment executives: 4


Minimum investment: R20 millionMaximum investment: R120 millionWilling to syndicate: YesAverage current investment size: R50 millionIndustry preference: NoneIndustries excluded: PropertyStage of investment: Mature, high growth companies Minimum and maximum equity usually taken: 25% to 80%Geographical preferences: South Africa and sub-Saharan Africa

Paean Private Equity

Physical Address: Suite 10, 2 Hood Avenue, Rosebank, South AfricaPostal Address: PO Box 1094, Gallo Manor, Sandton, 2052, South AfricaE-mail: [email protected]: www.paean-private-equity.co.zaKey contact person: Dave Stadler

FUND DETAILS

Name of fund: Paean Private Equity 1Nature of fund: Buy-out and growth capital within the middle marketFunds invested to date at cost: <R100 millionSources of funds: Independent investorsTotal number of private equity/venture capital investments made to date: 1Number of investment executives: 4


Minimum investment: R50 million (enterprise value R100 million)Maximum investment: R125 million (enterprise value R1 billion)Willing to syndicate: YesIndustry preference: Consumer, industrial, infrastructure-related, logistics, mining- related, tourismIndustries excluded: None Stage of investment: Late-stage buy-out and growth capitalAll stages except: Start-upMinimum and maximum equity usually taken: Majority and minority stakesGeographical preferences: sub-Saharan Africa, (South Africa, SADC, East Africa)

REMARKS: Paean Private Equity (“Paean”) was established by highly experienced private equity team members from Nedbank Private Equity and were subsequently joined by Principals from SizweNtsalubaGobodo with whom they had worked at Kessel Feinstein (now Grant Thornton). Paean is an independent majority empowered private equity business. The Principals’ proven investment approach has delivered superior returns and their 14-year investment history, strong track record and leading position in the Southern African middle market has resulted in them having high credibility and a strong reputation. Paean Private Equity is an active investor and the Principals have historically demonstrated their ability to enhance the value of investee companies through various strategies in line with opportunities and the requirements of those companies.

FULL MEMBER


FULL MEMBER

93

PhatisaPe

mba

ni R

emgr

o In

frastr

uctu

re M

anag

ers

(Pty

) Ltd

Phatisa

Physical Address: First Floor, Rosewood House, Ballywoods Offi ce Park, 33 Ballyclare Drive, Bryanston, 2191, Johannesburg, South Africa Tel: +27 (0)11 463 1920E-mail: [email protected]: www.phatisa.comKey contact person and designation: Stuart Bradley (Senior Partner)

FUND DETAILS

African Agriculture Fund (AAF)Size of fund: US$246 million/ZAR2,8 billion (FINAL CLOSED)Nature of fund: Agriculture and food sector, leveraged-buy-out, growth capital and expansion capitalFund structure: Capital raised from third partiesFunds invested to date at cost: US$130 million/ZAR1,5 billionNumber of portfolio assets currently in fund: 8Total number of private equity/venture capital investments made to date: 8Number of investment executives: 8


African Agriculture Fund (AAF)Minimum and maximum investment: >US$5 million/ZAR58 million – 10% of fund size Willing to syndicate: YesAverage current investment size: US$10 million-US$20 million (ZAR115 million-US$235 million)Industry preference: Primary (arable and plantations), secondary (processing and animal feeds) and services/infrastructure (storage, fertilisers, chemicals, packaging, other inputs)Industries excluded: Forestry, tobacco and bio-fuelsStage of investment: Expansion, MBO/I, acquisition and early stageMinimum and maximum equity usually taken: 5% to 100%Geographical preferences: Africa

FUND DETAILS

Pan African Housing Fund (PAHF)Size of fund: First closed at US$41,95 million/ZAR494 million (FINAL CLOSED) Nature of fund: Real estate, with a focus on middle income housing


Pan African Housing Fund (PAHF)Minimum and maximum investment: >US$2 million - 15% of fund sizeInvestment type: Combination of equity, mezzanine and debtGeographical preferences: Kenya, Zambia, Rwanda, Mozambique, Tanzania and UgandaNumber of portfolio assets currently in fund: 3

REMARKS: Phatisa, a private equity fund manager, serves various sectors in Africa, operating from fi ve offi ces across Africa, as well as in London. The Phatisa team is led by Duncan Owen and Stuart Bradley, whilst Valentine Chitalu is Group Chairman.

Pembani Remgro Infrastructure Managers (Pty) Ltd

Physical Address: The Court House, 2 Saxon Road, Sandhurst, Sandton, 2196, South AfricaTel: +27 (0)11 290 0231E-mail: [email protected]: www.pembani-remgro.comKey contact person: Marcel Louw

FUND DETAILS

Name of fund: Pembani Remgro Infrastructure FundSize of fund: Target size of US$400 millionNature of fund: Institutional investorsFund structure: Long-term infrastructure fundFunds invested to date at cost: n/aNumber of portfolio assets currently in fund: 2Total number of private equity/venture capital investments made to date: 2Number of investment executives: 5


Minimum investment: NoneMaximum investment: Not more than 15% of aggregate commitments in greenfi eld or infrastructure associated companies and not more than 20% of aggregate commitments in existing infrastructure projects.Willing to syndicate: YesAverage current investment size: n/aIndustry preference: Infrastructure and associated companies across AfricaIndustries excluded: Resources mining and extraction activitiesStage of investment: Greenfi eld, existing projects and existing companiesMinimum and maximum equity usually taken: n/aGeographical preferences: sub-Saharan Africa (top performing economies)

REMARKS: The fund aims to invest equity and quasi-equity in private-sector infrastructure transactions and companies across the African continent. Apart from investments in both greenfi eld and existing projects throughout the entire spectrum of the infrastructure sector, emphasis will be also placed on companies associated with the provision and/or servicing of such infrastructure. Specifi c focus will be given to supporting private-sector infrastructure requirements around natural resources.

FULL MEMBER


FULL MEMBER

95

Public Investment C

orporationPr

inci

pal P

artn

ers

Public Investment Corporation

Physical Address: Block C, Riverwalk Offi ce Park, 41 Matroosberg Road, Ashlea Gardens, Extension 6, Menlo ParkPostal Address: Private Bag X187, Pretoria, 0001Tel: +27 (0)12 742 3400Fax: +27 (0)12 346 5173E-mail: [email protected]; [email protected]: www.pic.gov.zaKey contact people and designation: Roy Rajdhar (Executive Head, Developmental Investments); Koketso Mabe (Executive Head, Private Equity and Structured Investment Products)

FUND DETAILS

Development InvestmentsName of fund: Isibaya FundSize of fund: R144 billion (9% of GEPF assets under management)Funds invested to date at cost: R10,4 billionContracted but not yet disbursed: R7 billionSources of funds: Government Employees Pension FundCurrent portfolio size: R11,4 billion Total number of private equity/venture capital investments made to date: 31 (inclusive of investments through Fund of Funds)Number of investment executives: 38

Private EquitySize of fund: R96 billion (6% of GEPF assets under management)Funds invested to date at cost: R19,8 billionContracted but not yet disbursed: R1,8 billionSources of funds: Government Employees Pension FundCurrent portfolio size: R13,9 billion Total number of private equity/venture capital investments made to date: 35 (inclusive of investments through Fund of Funds)Number of investment executives: 19


Minimum investment: R10 millionMaximum investment: Usually not more than R2 billionWilling to syndicate: YesInvestment preference: Direct equity, BBBEE fi nancing, economic and social infrastructure, environmental sustainability, SMEs and high job creation projectsIndustry preference: Energy, including renewable energy, water, transport and logistics, construction and housing, health care, education, manufacturing, broadband infrastructure, skills development, SMMEs, servicesIndustries excluded: Gambling, high risk projects and ammunitionStage of investment: Early stage, expansion, buy-in and buy-out, venture capitalMinimum and maximum equity usually taken: Determined on case-by-case basisGeographical preferences: South Africa and rest of African Continent

Principal Partners

Physical Address: 1st Floor, 24 Crescent Drive, Melrose Arch, Johannesburg, South AfricaTel: +27 (0)11 684 2570Fax: +27 (0)11 684 2568E-mail: [email protected]; [email protected]: www.principalpartners.co.zaKey contact people: Avram Levy; Saul Greenblatt

FUND DETAILS

Name of fund: Principal PartnersSize of fund: No fund – independent private partnershipNature of fund: Leveraged buy-out, growth capital, expansion capital, management buy-out Funds invested to date at cost: R80 millionSource of funds: Private moniesCurrent portfolio size: R80 millionTotal number of private equity/venture capital investments made to date: 20Number of investment executives: 2


Minimum investment: R5 millionMaximum investment: R50 million Willing to syndicate: YesAverage current investment size: R20 millionIndustry preference: No preferenceStage of investment: Early stage, development capital, expansion stage, growth capital, expansion capital, later stage capital, buy-outs, partial buy-outs, leveraged buy-outsMinimum and maximum equity usually taken: Minimum 25% to maximum 60%

FULL MEMBER


FULL MEMBER

97

RMB

RH M

anag

ers

(Pty

) Ltd

RMB Leveraged Finance

Physical Address: 1 Merchant Place, Corner Fredman Drive & Rivonia Road, Sandton Tel: +27 (0)11 282 4220; +27 (0)11 282 1815; Fax: +27 (0)11 282 8849; +27 (0)11 384 3218E-mail: [email protected]; [email protected]; Website: www.rmb.co.za Key contact people: Nielen van de Vyver; Robert Leon

FUND DETAILS

Name of fund: RMB Leveraged Finance, a business unit within Rand Merchant Bank (a division of FirstRand Bank Ltd) Size of fund: Open-ended Nature of fund: Debt and preference share funding for acquisition fi nance, expansion capital, MBOs, LBOs Funds invested to date at cost: n/a Sources of funds: FirstRand Bank Ltd


Minimum investment: R50 millionMaximum investment: None Willing to syndicate: Yes Average current investment size: R250 million-R750 million for leveraged deals Industry preference: All Industries excluded: Property, resources and infrastructure All stages except: Start-up and seedMinimum and maximum equity usually taken: Not applicable, however, there are other dedicated businesses within RMB and FirstRand that focus on pure equityGeographical preferences: South Africa and sub-Saharan Africa

REMARKS: RMB Leveraged Finance is the combination of RMB’s Preference Share and Acquisition & Leveraged Finance businesses. The combined team uses both debt and preference share funding to offer senior and/or subordinated debt for MBOs and LBOs. Funding can be sourced from the bank’s own balance sheet or from other banks and fi nancial institutions, with RMB Leveraged Finance acting in an arranging or advisory capacity. The team is focused on and pursues opportunities in South Africa as well sub-Saharan Africa. The average investment size for leveraged deals is between R250 million to R750 million however hold sizes of up to R2,5 billion are possible. In addition, we are able to facilitate even larger deals through the use of our underwriting capabilities and distribution network into the banking and investing markets. In addition to funding MBOs and LBOs, other focus areas for RMB Leveraged Finance include the funding of BEE transactions, acquisition and share based lending, balance sheet restructurings and lending related to other corporate actions.

RMB Private Equity

Physical Address: 11th Floor, 1 Merchant Place, Corner Fredman Drive & Rivonia Road, Sandton Tel: +27 (0)11 282 1483; Fax: +27 (0)11 282 8242 E-mail: [email protected]; [email protected]; Website: www.rmb.co.za and www.fi rstrand.co.zaKey contact people: Eutychus Mbuthia; Simon Murray

RMB

Physical Address: 2nd Floor, 10 Melrose Boulevard, Melrose Arch, 2076 Tel: +27 (0)10 007 2171 Fax: +27 (0)11 684 1727 E-mail: [email protected] Website: www.rh-managers.com Key contact person and designation: Quinton Zunga (Director )

FUND DETAILS

Name of fund: Razorite Rehabilitation and Healthcare Fund Size of fund: R1,6 billion Nature of fund: HealthcareFunds invested to date at cost: 0Sources of funds: Local Pension FundsCurrent portfolio size: 1 100 000 000Total number of private equity/venture capital investments made to date: 0Number of investment executives: 4


Minimum investment: R50 millionMaximum investment: R150 millionWilling to syndicate: YesAverage current investment size: R75 millionIndustry preference: HealthcareIndustries excluded: Non-HealthcareStage of investment: Early stageAll stages except: Mature businessMinimum and maximum equity usually taken: R50-R150 millionGeographical preferences: South Africa

REMARKS: RH Managers (Pty) Limited is a Fund Manager established to make investments in healthcare, hospitals, day-clinics and related ventures in South Africa. The Fund has a focus on private South African businesses which conduct their principal business and maintain their head offi ces within South Africa. The target size of the Fund is R1,6 billion.

RH Managers (Pty) Ltd

FULL MEMBER


FULL MEMBER

99

RMB C

orvestRM

BRMB Corvest

Physical Address: 1st fl oor, 8 Melville Road, Illovo, 2196, JohannesburgTel: +27 (0)11 380 8300E-mail: [email protected]: www.rmbcorvest.co.zaKey contact person and designation: Neil Page (Managing Director)

FUND DETAILS

Name of fund: RMB CorvestSize of fund: Open-endedNature of fund: Leveraged equity portfolioFund structure: Captive fundFunds invested to date at cost: R6,27 billion (R3,02 billion in BEE transactions)Number of portfolio assets currently in fund: 71Total number of private equity/venture capital investments made to date: 184 (as at December 2014)Number of investment executives: 14


Minimum investment: R30 millionMaximum investment: R500 millionWilling to syndicate: YesAverage current investment size: R50 million-R150 millionIndustry preference: All industriesIndustries excluded: Mining, agriculture and propertyStage of investment: Expansion, MBO, MBI, replacement, BEE, acquisitionMinimum and maximum equity usually taken: 20% to 90%Geographical preferences: Africa

REMARKS: RMB Corvest is a private equity company in the FirstRand Group specialising in MBOs, MBIs and BEE transactions. Founded in 1989, its aim is to invest in established, well-managed businesses that have a proven track record of solid performance. With well over 180 deals completed to date, an established track record, staff well experienced in private equity and access to the resources of RMB, it offers a comprehensive private equity solution. Our mission is to be a guiding force and strategic partner in the fi nancing of selective transactions, always seeking to yield maximum returns for each party involved.

FUND DETAILS

Name of fund: RMB Private Equity Size of fund: Open-ended, current value invested R12.8 billion Sources of funds: FirstRand Ltd

REMARKS: RMB Private Equity is the holding company for all of the FirstRand Group’s private equity businesses, which comprise two local operations and an international one. Locally, RMB Private Equity owns RMB Corvest and RMB Ventures. Internationally, RMB Private Equity is represented through RMB Capital Partners in Australia.

RMB Ventures

Physical Address: 1 Merchant Place, Corner Fredman Drive & Rivonia Road, Sandton Tel: +27 (0)11 282 1483; Fax: +27 (0)11 282 8242E-mail: [email protected]; [email protected]; Website: www.rmb.co.za; www.rmbventures.co.za; www.fi rstrand.co.zaKey contact people: Simon Murray; Eutychus Mbuthia

FUND DETAILS

Name of fund: RMB Ventures Size of fund: Open-ended Nature of fund: MBOs, LBOs and expansionFunds invested to date at cost: >R4 billion Sources of funds: FirstRand LtdNumber of portfolio assets currently in fund: 20Total number of private equity/venture capital investments made to date: >40Number of investment executives: 13


Minimum investment: R50 millionMaximum investment: R750 millionWilling to syndicate: Yes Average current investment size: R125 million Industry preference: No preferenceIndustries excluded: Primary mining, agriculture, property All stages except: Start-up and seedMinimum and maximum equity usually taken: 20% to 80%Geographical preferences: South Africa, East Africa, West Africa

REMARKS: RMB Ventures is an on-balance-sheet private equity business operating within the FirstRand Group. It focuses on providing equity and debt funding for medium to large buyouts of established businesses with stable track records and experienced management teams. It also provides equity funding to facilitate growth organically or by acquisition and to fund BEE deals. RMB Ventures has long standing relationships with a number of BEE investors, with whom it partners to provide solutions for a wide variety of transactions.

FULL MEMBER


FULL MEMBER

101

Sanari Capital

Rock

woo

d Pr

ivat

e Eq

uity

Sanari Capital

Physical Address: 2nd Floor, 30 Melrose Boulevard, Melrose Arch, Melrose North, JohannesburgTel: +27 (0)11 712 1449E-mail: [email protected]: www.sanari.co.zaKey contact person and designation: Samantha Pokroy (CEO)

FUND DETAILS

Name of fund: Sanari Growth Partners Fund ISize of fund: Fundraising R200 millionNature of fund: Section 12J Venture Capital CompanyFunds invested to date at cost: -Sources of funds: High net worth individuals, family offi ces, companies and institutionsCurrent portfolio size: -Total number of private equity/venture capital investments made to date: -Number of investment executives: 4

Additionally Sanari Capital invests in lower- and middle-market investment opportunities, raising funding from its circle of investors on a deal-by-deal basis.


Minimum investment: R10 million Maximum investment: R40 million for Sanari Growth Partners Fund I. R150 million for Sanari Capital deal-by-deal investmentsIndustry preference: Consumer-related, business and industrial supplies and services, distribution, healthcare, education and technologyIndustries excluded: Financial institutions, real estate, consulting and advisory services, gambling, liquor, tobacco, arms or ammunition, miningStage of investment: Growth equity, platform investments, recapitalisations and buy-outs of small and medium sized companies, later stage venture capital. No seed or start-up funding.Geographical preferences: South Africa with growth prospects in the rest of sub-Saharan Africa or globally; selectively direct into other sub-Saharan Africa markets

REMARKS: Sanari Capital is a private equity fi rm focusing on investment opportunities in the lower- and middle-market. Sanari Capital specialises in founder-run, owner-managed and family-owned businesses. The fund manager is in the process of raising Sanari Growth Partners Fund I to focus on high growth, small and medium size businesses. As a Venture Capital Company (VCC) approved under Section 12J of the Income Tax Act, investments into Sanari Growth Partners will qualify as a permanent full deduction from taxable income in the hands of the investor in the tax year that the investment is made.

Rockwood Private Equity

Physical Address: Inanda Greens Business Park Building 5, Ground Floor 54 Wierda Road West, Wierda Valley, 2196, South AfricaTel: +27 (0)10 060 4153/45E-mail: [email protected]: www.rockwoodpe.co.zaKey contact person and designation: Susan Rowan (Business Manager), [email protected]

FUND DETAILS

Name of fund: Rockwood Fund I Size of fund: R4,2 billionNature of fund: Leveraged-buy-out, growth capital, expansion capitalFund structure: Capital raised from local and international third partiesFunds invested to date at cost: [Confi dential]Number of portfolio assets currently in fund: 5Total number of private equity/venture capital investments made to date: 32 (including investments made by executives not currently housed in Rockwood Fund I)Number of investment executives: 6


Minimum investment: R250 millionMaximum investment: R1 billionWilling to syndicate: YesAverage current investment size: R650 millionIndustry preference: VariousIndustries excluded: Primary agriculture, property, armaments and miningStage of investment: Expansion stage, growth capital, expansion capital, later-stage capital, buy-outs, partial buy-outs, leveraged buy-outsMinimum and maximum equity usually taken: 40% to 75%Geographical preferences: South Africa and sub-Saharan Africa

REMARKS: The Rockwood team has been together since 2008 and spun out of Barclays Africa in December 2013 in the fi rst secondary transaction in South Africa. Rockwood focuses on taking substantial equity positions in medium to large companies that have experienced management teams. Such companies should have excellent profi t and cash fl ow histories and/or good growth opportunities as well as be amongst the market leaders in the industries. The Rockwood team forms strong relationships with the management teams of its portfolio companies and works closely with them in determining strategy and implementing value-enhancing initiatives.

FULL MEMBER


FULL MEMBER

103

Sasfin Private Equity Fund Managers

Sanl

am P

rivat

e Eq

uity

Sasfi n Private Equity Fund Managers

Physical Address: 29 Scott Street, Waverley, 2090Tel: +27 (0)11 809 7500 E-mail: Neil.Eppel@sasfi n.comWebsite: www.sasfi n.comKey contact person: Neil Eppel

FUND DETAILS

Name of fund: Sasfi n Private Equity FundSize of fund: circa R500 millionNature of fund: General Private EquityFunds invested to date at cost: R250-R300 millionNumber of portfolio assets currently in fund: 10Number of investment executives: 4


Minimum investment: R10 millionMaximum investment: R40 millionWilling to syndicate: YesAverage current investment size: R40 millionIndustry preference: General Industries excluded: Direct resourcesStage of investment: MBO, development and expansion, replacement, selective turnaroundMinimum and maximum equity usually taken: 20% to 49%Geographical preferences: South Africa

REMARKS: We are value add proactive fund managers with a focus on corporate fi nance, corporate strategy, corporate governance, performance enhancement, sourcing and implementation of acquisitions and assistance with business development.

Sanlam Private Equity

Postal Address: PO Box 414085, Craighall, 2024Physical Address: 4th Floor, 11 Alice Lane, Sandton, 2196, JohannesburgTel: +27 (0)11 778 6613/6642Fax: +27 (0)11 778 6651 Email: [email protected] Website: www.spe.sanlam.comKey contact person and designation: Alton Solomons (CEO)

FUND DETAILS

Name of fund not applicable: Notional funds Size of fund (commitment): R3,9 billion Nature of fund: Expansion, growth and buy-outs Funds invested to date at cost: R1,9 billion Sources of funds: Sanlam Life Insurance Ltd Current portfolio size: R2,9 billion Total number of private equity/venture capital investments to date: +100 Number of investment executives: 6


Minimum investment: R100 millionMaximum investment: R250 millionWilling to syndicate: Yes Average current investment size: R100 millionIndustry preference: No preference Industries excluded: Property, mining and primary agriculture Stage of investment: Late stage All stages except: Seed capital and start-up Minimum and maximum equity usually taken: ≥10% Geographical preferences: sub-Saharan Africa

REMARKS: Sanlam Private Equity (SPE) is the private equity division of Sanlam Life Insurance Limited, managing a cR3,9 billion commitment. SPE’s current investment portfolio comprises 27 investments, valued at cR2,9 billion, with a fairly broad sector exposure, including investments in the ICT, infrastructure, agribusiness, manufacturing, media, construction and diversifi ed industrial sectors. SPE’s strategic focus is on investment into pure private equity transactions in sub-Saharan Africa (SSA). The investment strategy prioritises equity (and equity related) investments of US$10-30 million into established, high growth mid-cap companies. SPE is sector agnostic with certain exclusions - most notably primary agriculture, extractive industries and real estate.

FULL MEMBER


FULL MEMBER

105

South Suez Capital Ltd

Sena

tla C

apita

lSouth Suez Capital Ltd

Physical Address: Suite 101, Grand Bay Business Park, Grand Bay, MauritiusTel: +230 263 1491E-mail: [email protected]: www.southsuez.comKey contact person and designation: Shane Rogel (Managing Director)

FUND DETAILS

Name of funds under Management: South Suez Africa Fund Ltd (SSAF I) , South Suez Africa Fund II LP (SSAF II) , Africa Opportunities Managed Account LP (AOMA)Total Size of fund under management: US$674,9 millionNature of fund: Growth capital, expansion capitalFund structure: Fund of fund


Maximum investment for SSAF I: 20% in Secondary investment, 20% in Co-investment and 30% in Single Underlying FundMaximum investment for SSAF II: 30% in Secondary investment, 30% in Co-investment and 30% in Single Underlying FundWilling to syndicate: YesIndustry preference: Financial services, consumer, telecom, media & technology, oil & gas, industrials and real estateStage of investment: Growth Capital, replacement capital, greenfi eld/ brownfi eld, leveraged acquisitionsGeographical preferences: Southern Africa, North Africa, Pan Africa, South Africa, East Africa, West Africa, Nigeria

Senatla Capital

Physical Address: 9th fl oor, The Forum, 2 Maude Street, SandtonTel: +27 (0)11 784 5929 Fax: +27 (0)11 883 4481 E-mail: [email protected] Website: www.senatlacapital.com Key contact person: Owen Maubane

FUND DETAILS

Name of fund: Senatla Capital Empowerment Fund I Size of fund: R102 million (fully invested and closed) Nature of fund: BEE and Mezzanine focused private equityFunds invested to date at cost: R102 million

Name of fund: Senatla Capital Empowerment Fund IISize of fund: R200 million (First Close); raising additional capitalNature of fund: BEE, Mezzanine & Growth Capital focused private equity

Sources of funds: Retirement funds Current portfolio size: 9 Total number of private equity/venture capital investments made to date: 8 (plus 2 follow on)Number of investment executives: 5


Minimum investment: R10-25 millionMaximum investment: R50 millionWilling to syndicate: Yes Average current investment size: R20 millionIndustry preference: None Industries excluded: None Stage of investment: Late stage All stages except: Early and start-up Minimum and maximum equity usually taken: 20% to 100% Geographical preferences: None

FULL MEMBER


FULL MEMBER

107

Spilled Water

Sphe

re P

rivat

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uity

Spilled Water

Physical Address: Second Floor, West Tower, Nelson Mandela Square, JohannesburgTel: +27 (0)11 881 5464Fax: +27 (0)11 881 5611E-mail: [email protected]: www.spilledwater.co.zaKey contact person: Peter Oldacre

FUND DETAILS

Name of fund: SWIP Strategic Energy FundSize of fund: Currently ZAR250 million cash holdings, will close at ZAR1 billionNature of fund: Selected developmental stage and early stage commercial renewable energy projects Funds invested to date at cost: ZAR35 million equity into a ZAR140 million total CAPEX project – the balance is debt fundedSources of funds: Limited partners and own fundsCurrent portfolio size: ZAR250 millionTotal number of private equity/venture capital investments made to date: 1Number of investment executives: 1


Minimum investment: n/a Maximum investment: n/aWilling to syndicate: YesAverage current investment size: ZAR35 millionIndustry preference: Strong preference for renewables onlyIndustries excluded: All other industriesStage of investment: Fund raising and early equity disbursementsAll stages except: n/aMinimum and maximum equity usually taken: n/aGeographical preferences: Southern and Eastern Africa preferably

REMARKS: Spilled Water Investment Partners is a General Partner, well experienced in private equity positions in the renewables sector. The investment executives are globally well versed in the sector and have a mandate to focus on the continent. Having been instrumental in the creation of the regulation in a number of key markets, the team of investment and non-investment executives understand the nuances of identifying, developing, fi nancing, building and operating renewables plants to deliver the most effective return.

Sphere Private Equity

Physical Address: Third Floor, The Place, 1 Sandton Drive, SandtonTel: +27 (0) 10 900 4200E-mail: [email protected] Website: www.sphereholdings.co.za

FUND DETAILS

Name of fund: Sphere Private Equity Fund ISize of fund: R302 millionNature of fund: Sphere Fund I is applied to equity and equity-related investments in market-leading, medium to large sized companies Fund structure: Pension funds, DFIs, fi nancial services companies Funds invested to date at cost: R232 millionNumber of portfolio assets currently in fund: 2Total number of private equity/venture capital investments made to date: 6Number of investment executives: 5


Sphere Fund I is closed for new investments and Sphere will now invest off its balance sheet. Sphere’s strategy seeks to primarily invest as controlling or signifi cant minority shareholders in growing companies in the industrial sectors.

FULL MEMBER


FULL MEMBER

109

Stanlib Asset M

anagement

Stan

dard

Cha

rtere

d Pr

ivat

e Fi

nanc

eStanlib Asset Management

Physical Address: 17 Melrose Boulevard, Melrose Arch, 2196 Tel: +27 (0)11 448 5211, Fax: +27 86 521 5468, E-mail: [email protected], Website: ww.stanlib.com Key contact person and designation: Roberto Nunes Ferreira (Managing Principal: Stanlib Africa Direct Property Development Fund)


Name of fund: STANLIB Africa Direct Property Development Fund Size of fund: US$150 million Nature of fund: Equity investments in direct property (mezzanine debt selectively)Funds invested to date at cost: US$1 millionSources of funds: Private investorsCurrent portfolio size: n/aTotal number of private equity/venture capital investments made to date: 4Number of investment executives: 5


Minimum investment: US$10 millionMaximum investment: US$50 millionWilling to syndicate: Yes, subject to conditionsAverage current investment size: n/aIndustry preference: PropertyIndustries excluded: Non-property sectorsStage of investment: Land holdings, early in development stages and near construction assetsAll stages except: Income producing assetsMinimum and maximum equity usually taken: Preference for majority stake Geographical preferences: Pan African, with a focus on Nigeria, Ghana, Kenya and Uganda


Name of fund: STANLIB Infrastructure Private Equity Fund 1Size of fund: R1,189 billion Nature of fund: Infrastructure FundFunds invested to date at cost: R597 millionSources of funds: Pension Funds, Life Companies, Institutional InvestorsCurrent portfolio size: R814 millionTotal number of private equity/venture capital investments made to date: 5Number of investment executives: 5


Minimum investment: R50 millionMaximum investment: R300 millionWilling to syndicate: n/aAverage current investment size: R115 millionIndustry preference: Infrastructure Industries excluded: Non InfrastructureStage of investment: Greenfi eld or brownfi eld projectsMinimum and maximum equity usually taken: Signifi cant minority stakesGeographical preferences: sub-Saharan Africa, with a South African bias

Standard Chartered Private Finance

Physical Address: 3rd Floor, 4 Sandown Valley Crescent, Sandton, 2146 Tel: +27 (0)11 217-6885E-mail: [email protected]: www.standardchartered.co.zaKey contact person: Maruping Mangwedi

FUND DETAILS

Name of fund: Standard Chartered Private EquitySize of fund: n/aNature of fund: Investor in expansion, growth capital, LBO and MBO transactions across Standard Chartered’s footprint in sub- Saharan Africa Fund structure: CapitalFunds invested to date at cost: In excess of US$700 millionNumber of portfolio assets currently in fund: 9Total number of private equity/venturecapital investments made to date: 9Number of investment executives: 11 (7 in Johannesburg and 4 in Lagos)


Minimum investment: US$30 million Maximum investment: US$150 million Willing to syndicate: YesAverage current investment size: US$80 millionIndustry preference: AnyIndustries excluded: Military and tobaccoStage of investment: All except early stage and greenfi eld infrastructureMinimum and maximum equity usually taken: 10% to 49%Geographical preferences: sub-Saharan Africa

REMARKS: SCPE invests equity and quasi-equity primarily into clients of Standard Chartered Bank. Globally, SCPE has invested >$4,5 billion to date, across the bank’s foot print in Asia, Africa, and the Middle East. Although the focus is on growth equity, we have also invested in secondary buy-outs, acquisition fi nance, and turnarounds. On our own, or as part of consortia, we seek to invest alongside top-quality, motivated management teams, who will share in the risks and rewards of the business with us.

FULL MEMBER


FULL MEMBER

111

Takura CapitalSt

ockd

ale

Stre

etTakura Capital

Physical Address: 153 Josiah Chinamano Avenue, Harare, Zimbabwe Tel: +263 4 707 313; +263 4 794 940Fax: +263 4 707 393E-mail: [email protected]: www.takuracapital.comKey contact person and designation: G Tafadzwa Nyamayi (Chief Financial Offi cer)

FUND DETAILS

Name of fund: Takura Ventures / Takura IISize of fund: US$20.2m (R243m)/ US$30.3m (R364m)Nature of fund: GeneralistFunds invested to date at cost: US$22m (R264m)Sources of funds: Private and institutional investorsCurrent portfolio size: US$22m (R264m)Total number of private equity/venturecapital investments made to date: 7Number of investment executives: 4


Minimum investment: US$3 million (R33 million) Maximum investment: US$7,5 million (R83 million)Willing to syndicate: YesAverage current investment size: US$3.1m (R37m)Industry preference: Agro-processing, construction & building products, FMCG, food & beverage, health/pharmaceuticals, ICT, mining services, services, tourismIndustries excluded: Primary agriculture, primary mining, gaming, tobacco, armamentsStage of investment: Start-up, early stages, expansion & development, buy-out & buy-in, replacement capital, privatisation, turnaround & restructuringAll stages except: Delisting, bridgeMinimum and maximum equity usually taken: Between 26% to 100%Geographical preferences: Zimbabwe, Zambia, Botswana, Malawi, DRC, Angola, Mozambique and Tanzania

REMARKS: Takura Capital takes signifi cant or majority stakes in private enterprises, favouring capital injection into businesses rather than buying out existing investors. Takura is an active and transformational investor and focuses on companies positioned advantageously in commercially attractive industries that are benefi ting from the economic recovery of Zimbabwe. Takura targets callable business opportunities that have clear and defendable core competences.

Stockdale Street

Physical Address: 6 St Andrews Road, Parktown, Johannesburg, South AfricaTel: +27 (0)11 274 2000E-mail: [email protected] Website: www.stockdalestreet.co.za Key contact person: Paul Salomon

FUND DETAILS

Name of fund: Stockdale Street Size of fund: Open-ended Nature of fund: Growth and expansion capital, buy-outsFunds invested to date at cost: Not disclosedSources of funds: Oppenheimer FamilyCurrent portfolio size: Not disclosedTotal number of private equity/venture capital investments made to date: 18 Number of investment executives: 4


Minimum investment: R200 millionMaximum investment: No maximumWilling to syndicate: YesAverage current investment size: Not disclosed Industry preference: AllIndustries excluded: Alcohol, tobacco, gaming, armsStage of investment: Later stageAll stages except: Venture CapitalMinimum and maximum equity usually taken: FlexibleGeographical preferences: Businesses emanating from South Africa

REMARKS: Stockdale Street represents the South African private equity interests of the Oppenheimer Family – which has four generations of investing experience on the African continent.

We are long-term, responsible investors looking to invest alongside strong management teams in established companies that have sustainable competitive advantages and favourable growth prospects.

We are supportive, value-adding partners who provide access to unique and extensive local and international networks, follow-on capital and deep strategic insights.

FULL MEMBER


FULL MEMBER

113

Tana Africa C

apital Managers

Tam

ela

Hol

ding

s (P

ty) L

tdTana Africa Capital Managers

Physical Address: 6 St Andrews Road, Parktown, Johannesburg, South AfricaTel: +27 (0)11 274 2130 Fax: +27 (0)11 643 7518 E-mail: [email protected] Website: www.tana-africa.com Key contact person: Daria Katemauswa

FUND DETAILS

Name of fund: Tana Africa Capital Size of fund: US$300 million Nature of fund: Growth and expansion capitalFunds invested to date at cost: Not disclosedSources of funds: Oppenheimer family and Temasek HoldingsCurrent portfolio size: Not disclosedTotal number of private equity/venture capital investments made to date: 3Number of investment executives: 7


Minimum investment: US$20 millionMaximum investment: US$75 millionWilling to syndicate: YesAverage current investment size: Not disclosedIndustry preference: Consumer driven industries and agricultureIndustries excluded: Alcohol, tobacco, gaming, armsStage of investment: Later stageAll stages except: Venture CapitalMinimum and maximum equity usually taken: FlexibleGeographical preferences: Africa-based businesses, excluding South African businesses

REMARKS: Tana Africa Capital is an Africa-focused investment company founded by the Oppenheimer family and Temasek. Through the medium of capital and business building support, Tana aims to build African businesses for generations to come. Tana is able to draw on the rich heritage, vast experience and extensive networks of its founding shareholders as well as the on-the-ground African knowledge and operating experience of its management team. Tana aims to serve as a fount of development, leaving an enduring, tangible and positive legacy on the businesses it supports.

Tamela Holdings (Pty) Ltd

Physical Address: Ground Floor, Golden Oak House, Ballyoaks Offi ce Park, 35 Ballyclare Drive, Bryanston, JohannesburgTel:+27 (0)11 783 5027Fax: +27 (0)11 783 3328E-mail: [email protected]; [email protected]; [email protected]: www.tamela.co.zaKey contact people: Sydney Mhlarhi; Vusi Mahlangu; Tshepisho Makofane

FUND DETAILS

Name of fund: On balance sheetSize of fund: +R200 million (balance sheet)Nature of fund: Equity and mezzanine investmentsFunds invested to date at cost: R98 millionSources of funds: Balance sheet, private investors and institutionsNumber of portfolio assets currently in fund: 9Total number of private equity/venture capital investments made to date: 9Number of investment executives: 3


Minimum investment: NoneMaximum investment: NoneWilling to syndicate: YesAverage current investment size: n/aIndustry preference: NoneIndustries excluded: Primary agriculture, mining explorationNature of investments: Expansion/growth capital, infrastructure projects, BEE transactions, refi nancing, MBOs and LBOsStage of investment: NoneAll stages except: Start-upsMinimum and maximum equity usually taken: FlexibleGeographical preferences: SADC region

REMARKS: Tamela Holdings (Pty) Ltd is a black-owned and managed investment company established by Vusi Mahlangu and Sydney Mhlarhi. It applies proven investment strategies to invest in the engineering, manufacturing, industrial and fi nancial services sectors. It primarily focuses on companies in which it can ideally partner management to add value and grow the business. The Tamela team has a proven track record of creating long-term partnerships with management and shareholders of its investee companies.

FULL MEMBER


FULL MEMBER

115

TriVest – Contributing Investors

Trin

itas

Priv

ate

Equi

tyTriVest – Contributing Investors

Physical Address: 31 West Street, Houghton, 2198, JohannesburgTel: +27 (0)10 001 0540E-mail: [email protected] Website: www.trivest.co.zaKey contact person: André Stürmer, +27 82 052 6824, [email protected]

FUND DETAILS

Name of fund: n/a Size of fund: n/a Nature of fund: n/a Funds invested to date at cost: R80 millionSources of funds: Private, Europe Current portfolio size: R150 million (4 investments) Total number of private equity/venture capital investments made to date: 8Number of investment executives: 1


Minimum investment: n/a Maximum investment: R20 millionWilling to syndicate: Yes Average current investment size: R15 millionIndustry preference: Health care, renewable energies, information security Industries excluded: Morally objectionable industries Stage of investment: Expansion capital, early stage All stages except: n/a Minimum and maximum equity usually taken: Early stage: >50% (sole or joint); Expansion capital: >25%Geographical preferences: sub-Saharan Africa

REMARKS: TriVest was founded in June 2007 with the objective of identifying, funding and actively supporting small to medium-sized companies in South Africa. TriVest targets companies that are trading in high-growth, fragmented industries and those that are well positioned to benefi t from expansion into other African markets. TriVest is managed as a holding company and as such is more fl exible than most funds in terms of its investment strategy, including holding periods.

Trinitas Private Equity

Physical Address: 1 Melrose Blvd, Suite 2, Melrose Arch, 2196, JohannesburgTel: +27 (0)11 994 9700E-mail: [email protected]: www.trinitaspe.co.zaKey contact people: Andrew Hall, [email protected]; John Stipinovich, [email protected]; Soteris Theorides, [email protected]

FUND DETAILS

Name of fund: Trinitas Private Equity FundSize of fund: R670 millionNature of fund: Mid-market private equity, including leveraged-buy-out, growth capital, expansion capitalFund structure: General partner, pension funds, banks, fund managers, parastatalsFunds invested to date at cost: R303 millionNumber of portfolio assets currently in fund: 6Total number of private equity/venture capital investments made to date: 6Number of investment executives: 5


Minimum investment: R40 millionMaximum investment: R150 millionWilling to syndicate: YesAverage current investment size: R51 millionIndustry preference: Industry agnostic with a preference for manufacturing, services, retail, industrialIndustries excluded: Direct resourcesStage of investment: All stages except: seed, early stage, venture capitalMinimum and maximum equity usually taken: Minimum of signifi cant infl uence (>25%). No maximum.Geographical preferences: South Africa, with allocation to sub-Saharan Africa

REMARKS: Trinitas Private Equity Fund seeks to partner management teams to make equity investments in mid-market companies in Southern Africa. The partners in the fund include Sasfi n, a niche fi nancial services group, and Peotona Group, a black-owned women’s group that has an enviable track record in public and private-sector involvement.

FULL MEMBER


FULL MEMBER

117

Vantage Capital

Uth

o C

apita

l Fun

d M

anag

ers

Vantage Capital

Physical Address: 3 Melrose Boulevard, Ground Floor, Melrose Arch, 2076 Tel: +27 (0)11 530 9100Fax: +27 (0)11 530 9101 E-mail: [email protected] Website: www.vantagecapital.co.za Key contact person: Luc Albinski

FUND DETAILS ENTITY (1)Name of fund: Vantage Mezzanine Fund ISize of fund: R1 billion Nature of fund: Mezzanine debt for leveraged-buy-outs, growth capital, refi nancing, BEE funding and other minority stakesFunds invested to date at cost: R900 millionSources of funds: Institutional investors, pension funds, endowments and DFI’sCurrent portfolio size: R310 millionTotal number of private equity/venture capital investments made to date: 5Number of investment executives: 9

FUND DETAILS ENTITY (2)Name of fund: Vantage Mezzanine Fund IISize of fund: R1,9 billion Nature of fund: Mezzanine debt for leveraged-buy-outs, growth capital, refi nancing, BEE funding and other minority stakesFunds invested to date at cost: R1,4 billion Approved but not yet disbursed: R175 millionSources of funds: Institutional investors, pension funds, endowments, DFI’s and family offi cesCurrent portfolio size: R1,2 billionTotal number of private equity/venture capital investments made to date: 12Number of investment executives: 15

INVESTMENT PREFERENCESMinimum investment: R50 millionMaximum investment: R350 millionWilling to syndicate: YesAverage current investment size: R150 millionIndustry preference: NoneIndustries excluded: Primary agriculture, low margin trading businesses, businesses selling arms, loss making operational turnaround opportunities, junior mining businessesStage of investment: Early stage, development capital, expansion stage, later-stage capital and projectsMinimum and maximum equity usually taken: 0% to 49%Geographical preferences: Fund I: South Africa; Fund II: South Africa (65%) and rest of Africa (35%)

REMARKS: Fund I is fully invested. Fund II has deployed 85% of commitments as at 31 December 2014. Vantage is raising its third fund; Vantage Mezzanine Fund III, with a target of R2,5 billion and has the same investment preferences as its predecessor funds. Final closing is anticipated mid-2015.

Utho Capital Fund Managers

Physical Address: 2nd Floor Progress House, 354 Rivonia Road, RivoniaTel: +27 (0)11 234 1370Fax: +27 (0)11 234 1380E-mail: [email protected]; [email protected]: www.utho.co.zaKey contact person and designation: Reginald Muzariri (Managing Director), Bakang Komanyane (Investment Analyst)

FUND DETAILS

Name of fund: Utho SME Infrastructure FundSize of fund: R62,5 millionNature of fund: Private equity for SA SMEsFunds invested to date at cost: R40 millionSources of funds: IDC, sefa, and Utho Capital (Pty) LtdCurrent portfolio size: R31,5 millionTotal number of private equity/venture capital investments made to date: 7Number of investment executives: 3


Minimum investment: R2 millionMaximum investment: R10 millionWilling to syndicate: YesAverage current investment size: R5 millionIndustry preference: Infrastructure (construction, transport, material supplies, renewable energy, manufacturing, property development)Industries excluded: Gambling, alcohol, tobacco and armamentsStage of investment: Expansion, early stage, replacement, buy-outsMinimum and maximum equity usually taken: 25% to 49%Geographical preferences: South Africa

REMARKS: Utho Capital Fund Managers seeks to achieve long-term capital gains by investing in high growth black empowered small and medium enterprises (SMEs) involved in infrastructure development, which encompasses various types of businesses involved in construction, manufacturing, material supplies, transport, logistics, power, renewable energy and property development in South Africa. Utho Capital Fund Managers goes beyond providing its portfolio companies with the capital it needs for growth by enhancing the provision of capital with committed and practical hands-on business support in respect of strategy, fundraising, fi nancial controls and reporting.

FULL MEMBER


FULL MEMBER

115

Westbrooke C

apital Managem

entVent

ure

Partn

ers

Botsw

ana

(VPB

)Venture Partners Botswana (VPB)

Tel: +267 318 1012; +264 61 220 069Fax: +267 318 1038; +264 61 401 172E-mail: [email protected]; [email protected]: www.venture-p.comKey contact people and designation: A Siwawa (MD, Group); Daudi Mtonga (MD, Namibia Offi ce)

FUND DETAILSFUND IName of fund: CEDA Venture Capital FundSize of fund: P200 millionNature of fund: GeneralFunds invested to date at cost: P200 million committedSources of funds: Government of BotswanaRemarks: This fund is fully committed

FUND IIName of fund: VPB Namibia Growth FundSize of fund: N$160 millionNature of fund: GeneralFunds invested to date at cost: N$32 millionSources of funds: Namibia pension fundsNumber of investment executives: 3

FUND IIIName of fund: VPB Growth FundSize of fund: P450 millionNature of fund: GeneralFunds invested to date at cost: FundraisingSources of funds: Institutional investors and pension fundsNumber of investment executives: 4Geographical preferences: SADC

FUND IVName of fund: VPB Namibia Growth Fund Two LimitedSize of fund: N$350 millionNature of fund: GeneralFunds invested to date at cost: FundraisingSources of funds: Institutional investors and pension fundsNumber of investment executives: 3Geographical preferences: Namibia

INVESTMENT PREFERENCESMinimum investment: N$20 millionMaximum investment: N$70 millionWilling to syndicate: YesAverage current investment size: Fund raisingIndustry preference: GeneralStage of investment: Private equity excluding secondary purchasesMinimum and maximum equity usually taken: 26% to 49%

REMARKS: Venture Partners Botswana, now known as VPB, is raising its third and fourth funds in Botswana and Namibia respectively.

Physical Address: Capricorn House, 32 Impala Road, Chislehurston, Sandton, 2196Tel: 011 245 0860 Fax: 011 883 7197 E-mail [email protected] Website: www.westbrookecapitalmanagement.co.zaKey contact person and designation: Richard Asherson (Fund Manager)

FUND DETAILS

Name of fund Westbrooke AriaSize of fund: FundraisingNature of fund: Section 12J Venture Capital Company – growth capital / expansion capitalFunds invested to date at cost: n/aSources of funds: Capital raised from third parties and group shareholdersCurrent portfolio size: n/aTotal number of private equity/venture capital investments made to date: n/aNumber of investment executives: 5


Minimum investment: R20 millionMaximum investment: R50 millionWilling to syndicate: YesAverage current investment size: n/a Industry preference: noneIndustries excluded: Financial institutions, consulting and advisory services, gambling, liquor, tobacco, arms or ammunition and miningStage of investment: Growth capital, expansion capitalMinimum and maximum equity usually taken: Investment dependentGeographical preferences: South Africa

REMARKS: Westbrooke Capital Management is an alternative asset management company based in Johannesburg, South Africa. The fi rm was founded in 2012 and seeks to identify niche investment opportunities for its diversifi ed investor base. Westbrooke Capital Management is in the process of raising Westbrooke Aria with a focus on investing in a portfolio of yield producing asset-backed businesses which have underlying contractual or predictable revenue streams. As an accredited Venture Capital Company (VCC) under Section 12J of the Income Tax Act, investors in Westbrooke Aria are able to deduct 100% of their investment against their taxable income within the tax year of investment.

Westbrooke Capital Management

FULL MEMBER

116

Zico

Cap

ital (

Pty)

Ltd

SAVCA is proud to represent an industry exemplifi ed by its dynamic and principled people, and whose work is directed at supporting economic growth, development and transformation.

SAVCA was founded in 1998 with the guiding purpose of playing a meaningful role in the Southern African venture capital and private equity industry. Over the years we’ve stayed true to this vision by engaging with regulators and legislators, providing relevant and insightful research on aspects of the industry, offering training on private equity and venture capital, and creating meaningful networking opportunities for industry players.

We’re honoured to continue this work on behalf of the industry.

www.savca.co.za | +27 (0) 11 268 0041 | [email protected] | @savca_news

Proudly representing private equity

Zico Capital (Pty) Ltd

Physical Address: 1st Floor, Block B, Cullinan Place, Cullinan Close, Morningside, Sandton, 2146Tel: +27 (0)11 217 3300E-mail: [email protected]: www.zico.co.zaKey contact person and designation: Tshego Sefolo (CEO)

FUND DETAILS

Name of fund: Zico Capital Fund 11Size of fund: R500 millionNature of fund: Leveraged-buy-out, growth capital, expansion capitalFund structure: Capital raised from third parties, captive fund, fund of fund, investment holding company, etcFunds invested to date at cost: R50 millionTotal number of private equity/venture capital investments made to date: 8Number of investment executives: 3


Minimum investment: R15 millionMaximum investment: R500 millionWilling to syndicate: YesAverage current investment size: R75 millionIndustry preference: All industries Industries excluded: Resources, agriculture & properties Stage of investment: Seed capital, start-up, early stage, development capital, expansion stage, growth capital, expansion capital, later-stage capital, buy-outs, partial buy-outs, leveraged buy-outs Minimum and maximum equity usually taken: 20% to 80%Geographical preferences: South Africa

REMARKS: Zico Capital is a private equity company that is fast building an enviable reputation in the business community as a trusted investment partner, with solid operational and business development capabilities. We aim to participate in established companies whose strengths are measurable and are focused on contributing to future wealth maximisation.


ASSOCIATE MEMBER

123

ASSOCIATE MEMBER

AnsaradaA

mabubesi

Investments (Pty) Ltd

Alle

n &

Ove

ry

(Sou

th A

frica

) LLP

Ade

pt A

dvis

ory

(Pty

) Ltd

Physical Address: 2nd Floor, Graysand Offi ce, 2 Sandton Drive, SandtonTel: +27 (0)10 005 2040Fax: n/aE-mail: [email protected]: www.allenovery.comKey contact person and designation: Lionel Shawe (Managing Partner)

TYPE OF FIRM: Law Firm

REMARKS: Allen & Overy’s offi ce in Johannesburg provides clients with support – both in South Africa and across the wider sub-Saharan Africa region. Our market-leading South African and English law-qualifi ed team are experts in banking, fi nance, energy, aviation, infrastructure and mining, and they work in conjunction with our established network of local law fi rms in countries where we do not have an offi ce. We are a Level Three Contributor to the Broad-Based Black Economic Empowerment.

Allen & Overy (South Africa) LLP

Adept Advisory (Pty) Ltd

Physical Address: 28 Bompas Road, Dunkeld West, Johannesburg; F10A Westlake Square, 1 Westlake Drive, Cape TownTel: +27 (0)11 325 2350 (JHB); +27 (0)21 701 7774 (CPT)E-mail: [email protected]: www.adeptadvisory.co.zaKey contact person: Justin van Lienden

TYPE OF FIRM: Consulting/Advisory

REMARKS: Adept Advisory delivers risk advisory and fi nance operations solutions across Africa. We have proven expertise in due diligence pre-acquisition for General Partners, as well as embedding governance, project management, performance and risk management in portfolio companies. Our fl exible, personalised, business defi ning solutions are developed by our highly experienced and globally aligned team. We are a level 3 BBBEE contributor.

Ansarada

Physical Address: 2nd Floor, West Tower, Nelson Mandela Square, SandtonTel: +27 (0)82 430 3673E-mail: [email protected]: www.ansarada.comKey contact person: Arie Maree

TYPE OF FIRM: The only Virtual Data Room designed exclusively for M&A

REMARKS: We have one simple goal - making life easier for dealmakers. That’s why top PE funds (Ethos, Metier) & Advisers (RMB, Investec, Standard Bank) have helped us to ~30% market share in our 1st year of African operations. They repeatedly trust us with their transactions – and are happy to give references. They say it’s because we simplify due diligence – leaving them calm, confi dent & in control. We would appreciate the opportunity to add value to your Fundraising, Exit or IPO process.

Amabubesi Investments (Pty) Ltd

Physical Address: 4 Parc Nicol Offi ce Park, 3001 William Nicol Drive, Bryanston, 2191Tel: (011) 483 1120Fax: (011) 483 1123E-mail: [email protected]: www.amabubesiltd.co.zaKey contact person: Anele Mkhize

TYPE OF FIRM: Investment Holdings

REMARKS: Amabubesi Investments is an Investment Group which has actively concluded, managed and grown Investments since the Group’s inception in 2002. The Founding members of Amabubesi are Sango Ntsaluba, Thabiso Tlelai and Peter Moyo. Amabubesi is focused on deals in the growth and expansion stages with a proven profi t history. The Group prefers deals where it has a signifi cant infl uence or control.


ASSOCIATE MEMBER

125

ASSOCIATE MEMBER

Broadreach Capital

(Pty) LtdBow

man G

ilfillanBo

FIN

Con

sulti

ngA

urik

Bus

ines

s A

ccel

erat

or

BoFIN Consulting

Physical Address: Holding 30, Zinnia Road, Glenferness, 1684, South AfricaTel: +27 (0)11 575 0143 Fax: +27 (0)11 252 7371E-mail: tiisang@bofi n.co.za Key contact person: Tiisang Tisane, Director

TYPE OF FIRM: Financial Consulting fi rm focusing on transaction support services

Aurik Business Accelerator

Physical Address: 3rd Floor, 132 Jan Smuts Avenue, JohannesburgPostal Address: Post Net Suite 389, Private Bag X30500, Houghton, 2041Tel: +27 (0)11 447 5575Fax: +27 (0)86 517 7809E-mail: [email protected]; [email protected]: www.aurik.co.zaContact people: Pavlo Phitidis; Carien Engelbrecht

TYPE OF FIRM: Angel and Venture Capital Business Development Accelerator

REMARKS: Aurik works with entrepreneurs to build their businesses into fundable assets. Using licensed diagnostic tools, business systems building processes and growth support activities, Aurik works with business owners to accelerate their growth to the next level. Aurik works with funders to run “business system” due diligence, provide business development support to underlying investments and source investments that meet specifi ed criteria. The fi rm also establishes and manages specialist funds that combine business development support pre and post investment for private, institutional and corporate investors that focus on small, growing businesses.

Broadreach Capital (Pty) Ltd

Physical Address: Suite 002, Albion Springs Building, 183 Main Road, Rondebosch, Cape TownTel: +27 (0)87 820 7430Fax: +27 (0)86 612 7295E-mail: [email protected] Website: www.thebroadreach.comKey contact person and designation: Adam Bekker (Director)

TYPE OF FIRM: Private Equity Fund Manager

REMARKS: Broadreach’s principals have extensive experience in private equity investment, both as managers of third party funds and in investing their own capital. Broadreach focusses on private equity in the medium enterprise and renewable energy sectors. Broadreach is a co-founder of the Harbour Energy funds, which focus on investments in distributed generation (and particularly solar photovoltaic) plants, and which also provide investors with a full tax deduction for their investments.

Bowman Gilfi llan

Johannesburg: 165 West Street, Sandton, Johannesburg Tel: +27 (0)11 669 9000, Fax: +27 (0)11 669 9001, E-mail: [email protected] (David Anderson) Website: www.bowman.co.zaKey contacts: David Anderson, +27 (0)11 669 9385; Francisco Khoza; Mogola MakolaCape Town: 22 Bree Street, Cape Town | Tel: +27 (0)21 480 7800, Fax: +27 (0)21 480 3200, E-mail: [email protected] (Wally Horak) Key contacts: Wally Horak, +27 (0)21 480 7935; Aneria Bouwer; Joshua Janks; Deon de Klerk; Jonathan LangDurban: 1st Floor Compendium House, Harry Gwala Road, Westville, DurbanTel: +27 (0)31 265 0651, Fax: +27 (0)86 604 6318, Email: [email protected] contacs: Andrew Pike, +27 (0)31 265 0651; Mark Van Velden; Trudie NicholsAfrica Offi ces: Botswana: www.bookbinderlaw.co.bw | Madagascar: www.jwfl egal.com | Kenya: www.coulsonharney.com | Uganda: www.afmpanga.co.ug | Tanzania: www.ealawchambers.com

REMARKS: Bowman Gilfi llan Africa Group (BGAG) has highly experienced corporate lawyers in its Private Equity Africa Practice. Private equity and venture capital houses, investors, management, banks and fi nancial institutions, throughout Africa and internationally, fi nd our advice and solutions both effi cient and dependable. Our team has extensive experience and capacity to advise on and execute all stages of private equity, including on fund formations and structuring, investment transactions, investment management, restructurings and exits from investments. BGAG includes approximately 400 lawyers across 6 countries. We have strong relationships and work closely with law fi rms across the rest of Africa which enables us to provide or source the advice clients require in any African country, whether on a single country or a multi-jurisdictional basis.


ASSOCIATE MEMBER

127

ASSOCIATE MEMBER

Deloitte C

orporate FinanceC

ompli-Serve

(Pty) LtdC

liffe

Dek

ker

Hof

mey

rC

itco

Cliffe Dekker Hofmeyr

Physical Address: 1 Protea Place, SandtonTel: +27 (0)11 562 1000Fax: +27 (0)11 562 1111E-mail: [email protected]: www.cliffedekkerhofmeyr.comKey contact person and designation: Willem Jacobs (National Practice Head, Corporate and Commercial)


REMARKS: Cliffe Dekker Hofmeyr is one of South Africa’s largest corporate and commercial law fi rms. We offer deep and broad private equity experience. Our Private Equity practice in South Africa includes more than 38 lawyers and has the international backing of DLA Piper’s Private Equity group of lawyers’ worldwide. This vast network allows for the exchange of the latest information on market trends and innovative approaches, and we are able to move quickly and seamlessly on local, national and international transactions.

Citco

South Africa Address: Icon Building, 3rd Floor, Corner Lower Long Street & Hans Strijdom Road, Foreshore, Cape Town, 8001Tel: +27 (0)21 412 1500Mauritius Address: 4th Floor, Tower A, 1 Cybercity, Ebene, MauritiusTel: +230 404 2600 E-mail: [email protected] and [email protected] contact people and designation: Otto Von Domingo (Director); Javed Aboobakar (Director)Website: www.citco.com

TYPE OF FIRM: Corporate Fiduciary and Administrative Services

REMARKS: Citco is a privately-owned organization providing niche services to Global 1000 companies, private equity and real estate fi rms, world’s elite hedge funds and high-net worth individuals. We are one of the largest corporate fi duciary and administrative services companies worldwide, and the leading administrator in the alternative funds space with over US$860 billion of assets under administration globally of which approximately US$220 billion (in committed capital) are in Private Equity and Real Estate Funds. We are an industry pioneer with over 40+ years of alternative fund and SPV services experience administering over 1000+ Fund Entities. Through our global network of 80 offi ces in 45 countries, we assist clients with their administration and reporting requirements, where we set-up and (co) manage Funds and holdings, administer accounting activities, and maintain the good legal standing of their companies. Citco has received more than 50 industry awards and ranked ‘Best in Class’ amongst Private Equity Administrators globally. We are rated in the top 3 providers in the Private Equity Admin Survey and ‘Top Rated’ in North America, Europe and Asia in the recent Private Equity Survey conducted by Global Custodian.

Deloitte Corporate Finance

Postal Address: Private Bag X6, Gallo Manor, Sandton, Gauteng, 2052Tel: +27 (0)11 806 5613Fax: +27 (0)11 806 5666E-mail: [email protected]: www.deloitte.com/zaKey contact person: Sean McPhee, +27 (0)11 209 8615

TYPE OF FIRM: Multidisciplinary professional services fi rm

REMARKS: In Southern Africa, Deloitte operates in eight cities, has 273 partners and about 4,050 employees. It is part of a global organisation that operates in about 150 countries. It provides an unrivalled depth of integrated services to its clients. It has more than 50 professionals specialising in:• pre-deal acquisition and preparation, deal transaction and conclusion;• tax structuring, advisory and support;• legal support – document drafting and contract negotiation;• competition commission issues;• fi nancial, tax, legal, IT, HR, commercial due diligence and valuation of businesses and assets;• sponsor services (including listings);• capital raising (both debt and equity) and restructuring; and• consulting services – post-deal solutions and operational improvement. It also has a strong focus on BEE deal

advisory. Deloitte is a level 2 BBBEE.

Compli-Serve (Pty) Ltd

Physical Address: 25 Second Avenue, Harfi eld Village, Cape Town, 7708Tel: +27 (0)861 273 783Fax: +27 (0)21 674 2821E-mail: [email protected]: www.compliserve.co.zaKey contact person and designation: Jan Scholtz (Director)

TYPE OF FIRM: Compliance Provider

REMARKS: Compli-Serve is a provider of regulatory compliance services to the fi nancial services industry


ASSOCIATE MEMBER

129

ASSOCIATE MEMBER

Environmental Resources

Managem

ent (ERM)

ENSafrica

eFro

ntEB

S A

dvis

ory

eFront

Physical Address: 2-4 rue Louis David, 75116 Paris, FranceTel: +33 1 49 96 40 60E-mail: [email protected]: www.efront.comKey contact person and designation: Jean-Philippe Gireaud (Area Sales Manager)

TYPE OF FIRM: Leading provider of alternative investment software solutions

REMARKS: eFront is a leading software provider dedicated to the fi nancial services industry with a recognized expertise in alternative investments. eFront’s solutions serve over 800 customers in 48 countries, including companies in the private equity, real estate, banking and insurance sectors. eFront’s primary product suites offer tightly integrated solutions for streamlining the management of alternative investments. eFront services clients worldwide from offi ces in Asia, Europe, Middle East and North America. For more information visit www.efront.com and follow us on LinkedIn at www.linkedin.com/company/efront.

EBS Advisory

Physical Address: 8 Dalmeny Road, Pine Park, Johannesburg, South AfricaTel: +27 (0)11 888 6043Fax: +27 (0)86 673 3177E-mail: [email protected]: www.ebsadvisory.comKey contact person: James Brice

TYPE OF FIRM: Consulting/Advising Firm

REMARKS: EBS Advisory advises more PE funds and managers than anyone else in Africa and other Emerging Markets. We help GP’s raise funds, implement Management Systems, comply with LP monitoring and reporting requirements, enhance risk management and effi ciencies at portfolio company level and enhance returns at exit. We take ESG beyond risk identifi cation and mitigation to the positive realm of ESG value add – our experience shows that ESG can enhance carry by as much as 55%. Since 1999, we have performed over 700 studies for more than 120 clients in 34 countries, spanning four continents. Our work has been independently reviewed by LP’s and Pension Funds and we receive many recommendations from them for our services. We operate from Johannesburg, Cape Town, Nairobi, Harare, Lagos, Accra, Dubai, London and now Miami.

Environmental Resources Management (ERM)

Physical Address: Building 32, The Woodlands Offi ce Park, Woodlands Drive, WoodmeadTel: +27 (0)11 798 4300 (Trevor/Donald); +27 (0)21 681 5400 (Jeremy)Fax: +27 (0)11 804 2289E-mail: [email protected]; [email protected]; [email protected] Website: www.erm.comKey contact people and designation: Trevor Harraway (Principal Consultant, Transaction Services); Donald Gibson (Partner, Transaction Services); Jeremy Soboil (Managing Director, Sub-Saharan Africa)

TYPE OF FIRM: Environmental, health, safety, risk, social, labour and sustainability consulting

REMARKS: ERM has four decades of sustainability consulting expertise, which includes M&A and transaction advisory services, across the globe. Using a commercial approach, we’ll effectively review the environmental, health, safety, labour and social risks and opportunities, and their fi nancial, reputational and compliance implications on your new investments, existing portfolio companies and divestments. Our due diligence and sustainability management expertise, across all sectors, enables clients to realise value throughout the investment life cycle.

ENSafrica

Physical Address: 150 West Street, Sandton, Johannesburg, 2196Tel: +27 (0)11 269 7600Fax: +27 (0)11 269 7899E-mail: [email protected]: www.ENSafrica.comKey contact person and designation: Michael Katz (Chairman)


REMARKS: ENSafrica is the largest law fi rm and the only one of its kind in Africa. The fi rm benchmarks itself according to international standards whilst retaining a uniquely African focus, making it well equipped to advise clients wherever they may choose to do business. ENSafrica has over 600 practitioners and was established over 100 years ago, making it one of the oldest full-service law fi rms in Africa. The fi rm has a signifi cant breadth and depth of experience and specialist expertise that spans all areas of law, tax, forensics and IP.


ASSOCIATE MEMBER

131

ASSOCIATE MEMBER

Grant Thornton

Glyn M

arais IncorporatedFi

rst N

atio

nal B

ank

EY (E

rnst

& Yo

ung

Advis

ory

Servi

ces (

Pty) L

td)

First National Bank

Physical Address: 1st Floor, FNB Building, Enterprise Road, Fairland, JohannesburgTel: +27 (0)11 632 1010; +27 (0)82 333 0468E-mail: [email protected]; [email protected]: www.fnb.co.zaKey contact person and designation: Zak Sivalingum (Head of Global Business Development)

TYPE OF FIRM: Commercial Banking

REMARKS: “A dedicated and passionate Acquisition Team”We specialise in providing tailored fi nancing and transactional banking solutions. We achieve this by obtaining an intrinsic understanding of our customer’s business operations, optimal funding requirements and pricing sensitivities. We have a highly experienced deal making team that will engage you at the appropriate level and ensure that your banking requirements are properly understood and adequately addressed.

EY (Ernst & Young Advisory Services (Pty) Ltd)

Postal Address: Private Bag X14, Sandton, 2196Tel: +27 (0)11 772 3000Fax: +27 (0)11 772 4000Website: www.ey.com/za/privateequityKey contact person and designation: Graham Stokoe (EY Africa Private Equity Leader), +27 11 502 0370, [email protected]

TYPE OF FIRM: Assurance, Tax, Transactions and Advisory

REMARKS: EYs Global Private Equity Centre offers a tailored approach to the unique needs of private equity funds, their transaction processes, investment stewardship and portfolio companies’ performance. We focus on market, sector and regulatory issues. If you lead a private equity business, we can help you meet your evolving requirements and those of your portfolio companies from acquisition to exit through our highly integrated network of 5,000 professionals around the world. EY Africa has presence in 33 countries on the continent, led by a single African leadership team. Our clients receive consistent quality standards, a “single point of contact” service and the right EY resource across the continent. Working together, we can help you meet your goals and compete more effectively.

Grant Thornton

Physical Address: 52 Corlett Drive, Wanderers Offi ce Park, Illovo, 2196Tel: +27 (0)10 590 7200E-mail: [email protected]: www.gt.co.zaKey contact people and designation: Ian Vorster (Director Corporate Finance); Ryan Stoler (Director Corporate Finance); Robyn Fridberg (Director Corporate Finance)

TYPE OF FIRM: Audit, Tax, Advisory

REMARKS: The skills and capacity of our corporate fi nance team, has been enhanced following the merger of Grant Thornton and PKF in Johannesburg. For the past fi ve years, our team has been ranked in the top four (for Reporting Accountants) by Dealmakers. We leverage off our fi rm’s multi-disciplinary capabilities to provide integrated solutions for clients.• Mergers, acquisitions and disposals• Financial and tax due diligence• Listings• Valuations• Regulatory support• Management buy-outs• Corporate restructuring• New business formations

Glyn Marais Incorporated

Physical Address: 2nd Floor, The Place, 1 Sandton Drive, SandtonTel: +27 (0)11 286 3700Fax: +27 (0)11 286 3900E-mail: [email protected] Website: www.glynmarais.co.za


REMARKS: Glyn Marais is recognised for its expertise in corporate fi nance, mergers and acquisitions, leveraged fi nance and tax. We act for private equity funds, family offi ces and major investors. Much of our work is cross-border and, in conjunction with our associate fi rms, we have advised some of South Africa’s largest institutions on investments across Africa and in Asia. We have extensive experience in the fi nancial services, consumer goods, commercial real estate and mining sectors.


ASSOCIATE MEMBER

133

ASSOCIATE MEMBER

J&J G

roupInvestm

ent SolutionsID

S Fu

nd S

ervi

ces

Hog

an L

ovel

ls (S

outh

A

frica

)

IDS Fund Services

Physical Address: IDS House, 8 St Georges Mall, Cape Town, South AfricaTel: +27 (0)21 402 1600Fax: +27 (0)86 574 8893E-mail: [email protected] Website: www.idsfundservices.comKey contact people and designation: Graeme Rate (Deputy CEO); Raffaela Mirai (Manager Private Equity); Richard Murray (Business Solutions)

TYPE OF FIRM: Fund Administrator

REMARKS: IDS Fund Services (IDS) is a leading provider of outsourced investment administration services to the asset management industry. We work to develop long lasting client relationships and our offering is designed to assist private equity fund managers across the lifecycle of the fund, extending from fund formation to fund accounting, investor services, cash management and corporate secretarial services. Our operations in South Africa, Mauritius and Malta allow us to service a broad array of fund jurisdictions. IDS maintains a strong internal control structure to minimise risk of operational and fi nancial failure, demonstrated by an annual ISAE 3402 certifi cation.

Hogan Lovells (South Africa)

Physical Address: 22 Fredman Drive, Sandton, Johannesburg, 2196Tel: +27 (0)10 005 2040Fax: n/aE-mail: [email protected]: www.hoganlovells.comKey contact person and designation: Jeff Buckland (Partner, Head of Private Equity)

TYPE OF FIRM: Corporate and Commercial Law Firm

REMARKS: Our private equity team is part of an extensive multi-practice Africa network of over 70 specialists spread across our international offi ces. Clients benefi t from our solutions-oriented advice on every aspect of private equity for the entire fund life cycle, including on fund formation in multiple jurisdictions, cross-border acquisitions, disposals, investments, co-investments, debt/equity/hybrid and mezzanine funding, refi nancing, management and leveraged buy-outs, due diligence, portfolio company restructurings, bolt-ons, outsourcings, tax structuring, exit strategies and the dissolution of funds.

J&J Group

Physical Address: The Place, 1 Sandton Drive, Corner Alice Lane & Sandton Drive, SandtonTel: +27 (0)11 301 5000Fax: +27 (0)11 388 3301E-mail: [email protected]: www.jandjgroup.comKey contact person and designation: Yashodan Naidoo (Chief Project Manager)

TYPE OF FIRM: Investment Holding Company

REMARKS: J&J Group is a leading investment holding company, based out of Johannesburg, South Africa. It has investments in South Africa and Africa across the fi nancial services, power (both traditional and renewable energy), infrastructure (rail, construction), and ICT sectors. J&J has achieved success over its last 15 years by focusing on building mutually benefi cial, long-term partnerships with private enterprises as well as various governments across the African continent.

Investment Solutions

Physical Address: Investment Solutions, 115 West Street, Sandown, 2196Tel: +27 (0)11 505 6052Fax: +27 (0)11 263 0812E-mail: [email protected]: www.investmentsolutions.co.zaKey contact person and designation: Zeenat Patel (Technical Solutions Analyst)

TYPE OF FIRM: Multi-manager

REMARKS: Investment Solutions Limited was established in 1997 and is the largest multi-manager in South Africa with assets under stewardship in excess of R300 billion. It provides investment expertise and services to more than 2000 institutional and 40 000 private investors.

It endorses the Code for Responsible Investing in SA (CRISA) and is a signatory to the United Nations Principles for Responsible Investing (UNPRI).

Investment Solutions is recognised as a level 2 BEE contributor by independent rating agency Empowerdex.


ASSOCIATE MEMBER

135

ASSOCIATE MEMBER

KZN G

rowth Fund

KPMG

King

& W

ood

Mal

leso

ns

(form

erly

SJ B

erw

in)

Joha

nnes

burg

St

ock

Exch

ange

(JSE

)

King & Wood Mallesons (formerly SJ Berwin) Physical Address: 10 Queen Street Place, London EC4R 1BE, United KingdomLondon Tel: +44 207 111 2222SA Tel: +27 (0)82 856 7084Fax: +44 207 111 2000E-mail: [email protected]: www.kwm.comKey contact people and designation: Cindy Valentine (Partner); David Parkes (Partner); Patrick Deasy (Partner); Ylan Steiner (Partner)

TYPE OF FIRM: International Law Firm

REMARKS: On 1 November 2013 SJ Berwin combined with King & Wood Mallesons created a new choice among the global brands with a network of 2,700 lawyers and 30 locations worldwide. Our Africa Group includes many of African origin with knowledge and experience of regional issues and business. King & Wood Mallesons won the Private Equity Africa Legal Advisor of the Year (Funds) 2014. Our International Funds Team is a world leader and has more fund fi nal closings in Europe, and internationally, than any other law fi rm in the last 36 months. Our highly experienced transactions team works on inbound and outbound transactions. With a full cross section of investors active in the private equity space our commitment to delivering our clients’ commercial goals has made us market leaders and keeps us at the centre of international private equity.

Johannesburg Stock Exchange (JSE)

Physical Address: One Exchange Square, Gwen Lane, SandtonTel: +27 (0)11 520 7000Fax: +27 (0)11 520 8584E-mail: [email protected]: www.jse.co.zaKey contact: Primary Markets

TYPE OF FIRM: Securities Exchange

REMARKS: The Johannesburg Stock Exchange (JSE), a member of the World Federation of Exchanges (WFE), is a full service securities exchange based in South Africa. It offers an array of products for the African and global market. It’s currently ranked 1st in the world in terms of regulation of securities exchanges by the WEF’s Global Competitiveness Survey for the 5th year. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE).

KZN Growth Fund

Physical Address: 28th Floor, Old Mutual Building, 303 Dr. Pixley Kaseme Street, Durban, 4001 Tel: +27 (0)31 372 3720, Fax: +27 (0)31 306 2547, E-mail: [email protected], Website: www.kzngrowthfund.co.zaKey contact person and designation: Siddiq Adam (Chief Executive Offi cer)

TYPE OF FIRM: Project Finance

REMARKS: The KwaZulu-Natal Growth Fund Trust was set up in 2008 as an initiative of the KZN Government’s Department of Economic Development, Tourism and Environmental Affairs (“EDTEA”) to administer the KZN Growth Fund (“the Fund”). The Fund is set up as a closed project fi nance debt fund.

This initiative is a fi rst of its kind in South Africa, aimed at creating sustainable economic development, job creation and black economic empowerment (BEE) and reducing inequality in Kwa-Zulu Natal.

The Fund fi nances medium to large scale sustainable private sector projects throughout the Kwa-Zulu Natal province. The product offering of the Fund includes Senior and Mezzanine debt. The Fund fi nances projects ranging from a minimum of R30 million and may consider funding up to R200 million in size. It focuses on strategic infrastructure and economic sectors such as:

KPMG

Physical Address: 85 Empire Road, Parktown, JohannesburgTel: +27 (0)11 647 7128 Fax: +27 0)11 647 6026E-mail: [email protected]; Website: www.kpmg.co.za Key contact person: Warren Watkins

TYPE OF FIRM: Provider of professional services (audit, tax and advisory)

REMARKS: KPMG is a global network of professional fi rms providing Audit, Tax and Advisory services. We have 162 000 outstanding professionals working together to deliver value in 155 countries worldwide. KPMG has 12 offi ces in South Africa, comprising our national offi ce in Johannesburg and regional offi ces in Bloemfontein, Cape Town, Durban, East London, Nelspruit, Pietermaritzburg, Polokwane, Port Elizabeth, Pretoria, Secunda and Stellenbosch. With over 3,200 staff and more than 250 partners, we are one of the largest Audit, Tax and Advisory fi rms in the country. KPMG Africa comprises of 16 national practices across sub-Saharan Africa, including Nigeria, Ghana and Sierra Leone in West Africa; Uganda, Kenya, Rwanda and Tanzania in East Africa as well as Angola, Botswana, Malawi, Mauritius, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe. Sustaining and enhancing the quality of this professional workforce is KPMG’s primary objective. Wherever we operate we want our fi rms to be no less than the professional employers of choice.KPMG has private equity groups (PEGs) in more than 146 countries. These offer a multidisciplinary team approach comprising fi nancial, tax and legal professionals focused on deal sourcing, due diligence investigations, deal structuring, corporate restructuring and fi nancial modelling. In SA, KPMG has assisted with most of the large private equity transactions over the past fi ve years. Its 15th annual PE performance survey for SA is under way.

• Transport and logistics;• Manufacturing;• Telecommunications;• Power and Energy;• Health and Education Infrastructure;• Agro-processing;

• Mining and mineral benefi ciation;• Tourism; and • Any other sector which may promote the objectives

of the Fund, provided it satisfi es the investment policy of the Fund.


ASSOCIATE MEMBER

137

ASSOCIATE MEMBER

Norton Rose Fulbright

South Africa

Mettle

Corporate Finance

Mar

sh (P

ty) L

tdM

aitla

nd

Marsh (Pty) Ltd

Physical Address: Cnr 5th Street & Fredman Drive, Entrance 1, Building 1, Alice Lane, Sandton, 2196Tel: +27 (0)11 060 7155; +27 (0)82 897 2706Fax: +27 (0)11 060 7111E-mail: [email protected]: www.marsh-africa.comKey contact person and designation: Guy Royston (Private Equity and M&A Services Practice Leader)

TYPE OF FIRM: Risk and Insurance Advisors

REMARKS: Marsh’s Private Equity and M&A (PEMA) Services Practice offers a full suite of solutions and services that help private equity fi rms manage risks throughout the lifecycle of their investment activity. These services range from managing the fi rm’s own Management Liability exposures, the provision of pre-acquisition insurance due diligence and insurance services to portfolio companies. Our dedicated Transactional Risk team provide M&A insurance solutions such as warranty and indemnity insurance, tax opinion and contingent liability solutions to help clients transfer risk associated with contingent liabilities, help reduce or eliminate escrows and facilitate “clean” exits. In 2014 our Transactional Risk Team closed in excess of 350 transactions equating to US$7,7 billion in limit placed into the global insurance marketplace. Marsh is the only fi rm with dedicated Transactional Risk resources based in South Africa leveraging the expertise of our global insurance market placement hubs in London, Hong Kong, Sydney and New York. Marsh is an authorised fi nancial services provider.

Maitland

Physical Address: Maitland House 1, River Park, Gloucester Road, Mowbray, Cape Town, 7700Tel: +27 (0)21 681 8010Fax: +27 (0)21 681 8110E-mail: [email protected]; [email protected]: www.maitlandgroup.comKey contact people and designation: Bruce McGlogan (Head of Private Equity); Andre le Roux (Head of Business Development)

TYPE OF FIRM: Fund Services

REMARKS: Maitland is an international fi rm providing multi-jurisdictional legal, tax, fi duciary and fund administration services to private, corporate and institutional clients. We have offered independent third-party fund administration services since 1990; are ISAE3402 compliant; and have over R2 trillion AUA. Maitland has a specialist team of professionals who offer an end-to-end, full service private equity and real estate fund services solution to the private equity industry. Services include fund establishment, fund accounting, fund operation, and investor services utilising SunGard’s best of breed Investran technology. We have access to legal, tax and accounting specialists within the Maitland group. We have strategically placed offi ces in London, Luxembourg, BVI, Cayman, Isle of Man, Malta, Mauritius, South Africa and the United States.

Norton Rose Fulbright South Africa Physical Address: 15 Alice Lane, Sandton, 2196Tel: +27 (0)11 685 8500Fax: +27 (0)11 301 3200E-mail: [email protected]: www.nortonrosefulbright.com Key contact person: Lance Roderick

TYPE OF FIRM: Full Service Law Firm

REMARKS: Norton Rose Fulbright SA is a leading SA legal practice that provides specialist services across the spectrum of legal disciplines. The fi rm’s clients include fi nancial institutions, major corporations, mining houses, DFIs and parastatals. It is a leading adviser in relation to private equity funds, offering a complete range of legal advisory services to both GPs and LPs. The fi rm has extensive experience advising on African private equity fund structures and is ranked Tier 1 for Investment Funds by Legal500 2014.

Mettle Corporate Finance

Physical Address: 1st Floor, FedGroup Building, Willie Van Schoor Avenue, Bellville, Cape TownTel: +27 (0)21 915 3300Fax: +27 (0)21 945 2823E-mail: [email protected] Address: 1 Melrose Boulevard, Suite 7, Melrose Arch, JohannesburgTel: +27 (0)11 214 1000Fax: +27 (0)11 214 1005E-mail: [email protected]: www.mettle.netKey contact person and designation: William Marais (Director) Cape Town and Wesley May (Director) Johannesburg

TYPE OF FIRM: Corporate Finance Advisory Firm

REMARKS:• company, intellectual property and fi xed property valuations;• expert reports and fair and reasonable opinions for the purposes of the Companies Act, the JSE Securities

Exchange listings requirements and the Namibian Stock Exchange listing requirements;• corporate fi nance advice with regards to mergers, acquisitions and corporate restructures as well as support for

such transactions; and • fi nance origination in the form of capital raisings, whether debt or equity.


ASSOCIATE MEMBER

PwC

Ora

cle

Com

plia

nce

(Pty

) Ltd

PwC

Physical Address: 2 Eglin Road, Sunninghill, Johannesburg, GautengTel: +27 (0)11 797 4000Fax: +27 (0)11 209 5800Website: www.pwc.co.zaKey contact people: Peter McCrystal, Sunninghill, +27 (0)11 797 5275, [email protected]; Craig Miller, Sunninghill, +27 (0)11 797 0738, [email protected]; Tertius van Dijk, Cape Town, +27 (0)21 529 2563, [email protected]; Deon de Villiers, Cape Town, +27 (0)21 529 2028, [email protected]

TYPE OF FIRM: Professional Services

REMARKS: PwC is a global organisation committed to helping our clients meet the challenges posed by the global economy. PwC provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 195 000 people in 157 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Africa, we’re the largest provider of professional services with close to 450 partners and over 8,500 people in 33 countries.

Oracle Compliance (Pty) Ltd

Physical Address: Unit 1, 50 Sixth Road, Hyde Park, SandtonTel: +27 (0)11 100 2551Fax: +27 (0)86 664 8448E-mail: [email protected]: www.oraclecompliance.comKey contact person and designation: Leonardo d’Onofrio (MD)

TYPE OF FIRM: Compliance Consulting Firm

REMARKS: Oracle Compliance was formed in 2004 and has been advising Financial Services Providers on compliance with fi nancial regulation since then. The company has extensive experience in the Private Equity sphere and can assist with licensing, establishing compliance frameworks within the Fund Manager, statutory reporting, fund structuring and related regulatory risks.


ASSOCIATE MEMBER

141

ASSOCIATE MEMBER

SAD

TU

Investment H

oldingsRisk C

apital A

dvisors (RCA)

RisC

ura

Fund

amen

tals

Read

Hop

e Ph

illip

s A

ttorn

eys

SADTU Investment Holdings

Physical Address: Unit 6 Verona Offi ce Park, 11 Macarthur Avenue, Robindale, Randburg Tel: +27 (0)11 888 1934Fax: +27 (0)11 888 1935E-mail: [email protected] or [email protected]: www.sihold.co.zaKey contact person and designation: Thami Nompula (CEO)

TYPE OF FIRM: Investment Company

REMARKS: Founded in 1998, SADTU Investment Holdings (Pty) Ltd (SIHOLD) is a BBBEE (Level 1 Contributor) investment company wholly owned by the SADTU Investment Trust (SIT). The benefi ciary communities of SIT are more than 256 000 members of the South African Democratic Teaches Union (SADTU). More than two-thirds of SADTU’s members are women.

The company seeks to participate in transactions that provide both strong cash returns and long term above average returns for its stakeholders.

Risk Capital Advisors (RCA)

Physical Address: Level 12 The Chifl ey Tower, Chifl ey Square, Sydney NSW 2000, AustraliaTel: +27 (0) 1 0500 9634/+61 430 906 230 Website: www.riskcapitaladvisors.comKey contact people and designation: Guy Miller (Director), +27 (0) 1 0500 9634, [email protected]; Rick Glover (Managing Director), +61 401 123 235, [email protected];Steven Torresan (Director), +61 407 408 787, [email protected]

TYPE OF FIRM: M&A Risks and Insurance Advisory

REMARKS: With 60+ years of combined M&A and insurance experience, RCA is the market leader in advising on and negotiating insurance and alternative risk transfer solutions for M&A transactions. With a wealth of experience in South Africa, Europe and across the Asia Pacifi c region, the RCA team members have advised on and closed more transactions in South Africa and Asia Pacifi c than all other insurance advisers combined. The RCA team have closed more than 500 transactions across a number of jurisdictions.

RisCura Fundamentals

Physical Address: 5th Floor, Montclare Place, Cnr Campground & Main Road, Claremont, Cape Town, 7735Tel: +27 (0)21 673 6999Fax: +27 (0)21 673 6998E-mail: [email protected]: www.riscura.comKey contact person and designation: Rory Ord (Head: RisCura Fundamentals)

TYPE OF FIRM: Independent Valuation House

REMARKS: RisCura Fundamentals is the leading provider of independent valuation services to investors in unlisted companies in Africa. We work in partnership with our clients to deliver the transparency and accountability that is increasingly demanded by investors and auditors. Our clients include private equity funds, pension funds, credit funds, banks and other investors in Africa, and cover industries as diverse as agriculture, retail, manufacturing and the extractive industries.

Read Hope Phillips Attorneys

Physical Address: 3rd Floor, 30 Melrose Boulevard, Melrose Arch, Melrose North, 2196Postal Address: PO Box 757, Northlands, 2116Tel: +27 (0)11 344 7800Fax: +27 (0)86 681 8057E-mail: [email protected]: www.rhp.co.za Key contact people and designation: A Cadman (Director); PJ Hope (Director); S Lukhele (Director); N Nobin (Director); S Read (Director); S Thomas (Director)

TYPE OF FIRM: Corporate Commercial Law Firm

REMARKS: Read Hope Phillips is a Johannesburg-based boutique law fi rm with the following core practice areas:• Mergers and acquisitions• Private equity transactions• Corporate litigation• Legal forensic investigations; and• Public sector work, including PPPs and project fi nance. The fi rm has acted in a number of signifi cant private

equity transactions.


ASSOCIATE MEMBER

Spen

cer S

tuar

t So

uth

Afric

a (P

ty) L

tdSi

zweN

tsalub

aGob

odo

Inc.

Spencer Stuart South Africa (Pty) Ltd

Physical Address: 90 Grayston Building, 8th Floor, 90 Grayston Drive, Sandton, Gauteng, 2196, South AfricaTel: +27 (0)11 557 5300Fax: +27 (0)11 557 5301E-mail: [email protected] Website: www.spencerstuart.comKey contact person: Mpho Seboni

TYPE OF FIRM: Executive search fi rm

REMARKS: At Spencer Stuart, we know how much leadership matters. We are trusted by organizations around the world to help them make the senior-level leadership decisions that have a lasting impact on their enterprises. Through our executive search, board and leadership advisory services, we help build and enhance high-performing teams for select clients ranging from major multinationals to emerging companies to non-profi t institutions.

Privately held since 1956, we focus on delivering knowledge, insight and results though the collaborative efforts of a team of experts — now spanning 55 offi ces, 30 countries and more than 50 practice specialties. Boards and leaders consistently turn to Spencer Stuart to help address their evolving leadership needs in areas such as senior-level executive search, board recruitment, board effectiveness, succession planning, in-depth senior management assessment and many other facets of organizational effectiveness.

For more information on Spencer Stuart, visit www.spencerstuart.com

SizweNtsalubaGobodo Inc.

Physical Address: 20 Morris Street East, Woodmead, 2191Tel: +27 (0)11 231 0600Fax: +27 (0)865 207 733E-mail: [email protected]: www.sng.za.comKey contact person and designation: Anoosh Rooplal (Director)

TYPE OF FIRM: Audit, Advisory and Forensics

REMARKS: SizweNtsalubaGobodo’s Corporate Finance division offers independent corporate fi nance and advisory services. These include valuations, due diligence investigations, corporate advisory, mergers & acquisitions, capital raising and stock exchange advisory. Cross-service offerings in the fi rm include taxation advisory, actuarial advisory, IT advisory and corporate governance services. These divisions support the advisory team on deal execution and risk management. The fi rm has a number of registered reporting accountant specialists, registered auditors, and is registered on the JSE Register of Auditors.

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ASSOCIATE MEMBER

145

ASSOCIATE MEMBER

SunGard

Step Advisory

Star

t Up

CEO

Adv

isor

y (P

ty) L

tdST

AN

LIB

Cre

dit P

artn

ers

SunGard

Physical Address: 5th Floor, The Atrium on Fifth Offi ce Building, Cnr Fifth and Maude Street, Sandton City Complex 3, Sandton, South AfricaTel: +27 (0)10 201 7000 E-mail: [email protected]: www.sungard.com/solutions/private-equityKey contact person and designation: David van der Westhuizen (Sales Manager, Asset Management)

TYPE OF FIRM: Technology and IT services company

REMARKS: SunGard’s Investran provides an integrated application suite that automates front-, middle- and back-offi ce processes for private equity industry participants, including general partners, limited partners, service providers, fund of funds and family offi ces. Through our unique combination of technology and services, we offer a complete, single-source platform for private equity accounting, portfolio management, performance measurement, business intelligence and data processing.

Step Advisory

Physical Address: The Reserve, 2nd Floor, North Block, 54 Melville Road, Illovo, JohannesburgTel: +27 (0)86 178 3700Fax: +27 (0)86 692 2866E-mail: [email protected] Website: www.step.co.zaKey contact and designation: Graham Geldenhuys (Director)

TYPE OF FIRM: Management Consulting (including Corporate Finance Advisory)

REMARKS: Step Advisory is a boutique management consulting fi rm with an inspired team of over 30 professionals focussed on fuelling business growth, both organically and acquisitively. As trusted advisors, Step’s Corporate Finance Advisory division journeys alongside leaders as they explore and act upon investment opportunities. Throughout the pre-deal, deal, and post-deal phases of a transaction, Step offers objective, pragmatic and unique insights packaged in a variety of products including:

While precision and best practice come standard, our differentiation lies in our strategic lens on a deal. In addition, our suite of post-deal services ensure that an acquisition strategy can be successfully executed, and that the deal objective aligns with the broader company growth strategy.

Start Up CEO Advisory (Pty) Ltd

Physical Address: Fourways Business Centre, Leslie Road Design Quarter, Fourways, Johannesburg, 2055 Tel: +27 (0)11 513 4248Fax: +27 (0)11 513 3084E-mail: [email protected]: www.suca.co.zaKey contact person and designation: Tseko Mokoko (Managing Director)

TYPE OF FIRM: Technology Entrepreneurship and Venture Capital Advisory Services

REMARKS: Start Up CEO Advisory advises organizations on how to innovate like start-ups and start-ups on how to grow and scale into global corporations.

We advise start-ups, government, NGOs and established corporates that have innovation at their core, irrespective of start-up stage, size or industry.

STANLIB Credit Partners

Physical Address: STANLIB Building, 3rd Floor, 17 Melrose Boulevard, Melrose Arch, Johannesburg, 2196Tel: +27 (0)11 448 6000E-mail: [email protected] Website: www.stanlib.comKey contact people and designation: Phillip Myburgh (Chief Executive Offi cer), +27 (0)11 448 6581; Walter Hirzebruch (Chief Operating Offi cer), +27 (0)11 448 5075; Moeketsi Mokuoane (Investment Professional), +27 (0)11 448 6814

TYPE OF FIRM: Manager of high yield credit funds

REMARKS: STANLIB Credit Partners, founded in 2005, originally as a specialist manager of closed-end mezzanine-only funds (under the name “Mezzanine Partners”) has pioneered high yield credit portfolio management in the SA debt capital market. The central theme of its investment origination strategy is to collaborate with well-established equity sponsors, mandated lead arrangers, leading borrowers and experienced management teams in SA to develop customised and innovative term debt fi nancing solutions, tailored to meet the unique requirements of each transaction.

• Deal origination• Investment pitch documents and information

memoranda• Due diligences (commercial and fi nancial)

• Valuations• Strategy formulation, activation and implementation• Talent solutions• Investment reviews (post-deal)


ASSOCIATE MEMBER

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Thipa Denenga Incorporated

Physical Address: 4 Fricker Road Illovo, JohannesburgTel: +27 (0)11 268 5732Fax: +27 (0)86 773 3703E-mail: [email protected]: www.michaeldenenga.comKey contact person: Michael Denenga


REMARKS: Thipa Denenga Attorneys is a specialist funds and fi nancial services law fi rm. We act for private equity managers, hedge fund managers and collective investment schemes with regards to fund structures, regulatory opinions, and licensing.

Technology Innovation Agency

Physical Address: 83 Lois Avenue, Menlyn, Pretoria, 0181Tel: +27 (0)12 472 2701Fax: +27 (0)86 625 6104E-mail: [email protected]: www.tia.org.zaKey contact person and designation: Pontsho Maruping (Executive: Innovation Funding and Pre Commercialisation and Support)

TYPE OF FIRM: Government Funding Agency

REMARKS: The Technology Innovation Agency (TIA) was established in terms of the TIA Act, 2008 (Act No. 26 of 2008), with the objective of stimulating and intensifying technological innovation in order to improve economic growth and the quality of life of all South Africans by developing and exploiting technological innovations.

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ASSOCIATE MEMBER

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ASSOCIATE MEMBER

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Webber Wentzel

Physical Address: 10 Fricker Road, Illovo, 2196Tel: +27 (0)11 530 5000Fax: +27 (0)11 530 5111E-mail: [email protected]; [email protected]; [email protected]; [email protected]: www.webberwentzel.comKey contact people and designation: Sally Hutton (Managing Partner); John Bellew (Partner); Mark Linington (Director); Ziyanda Ntshona (Partner)

TYPE OF FIRM: Attorneys

REMARKS: Webber Wentzel provides specialised legal and tax services to the private equity industry in Africa,including in relation to fund formation, acquisitions and disposals and management arrangements. We have beenconsistently involved in the highest profi le transactions in South Africa and have extensive experience in the rest ofAfrica. We are able to offer our clients an integrated, seamless and wholly fl exible offering in Sub-Saharan Africa through: our alliance with Linklaters, our various bilateral and best friend relationships with the best local fi rms and, our associate membership of the Africa Legal Network (ALN).

WDB Investment Holdings (Pty) Ltd

Physical Address: 1st Floor, 28 Fricker Road, Illovo Boulevard, Illovo, 2196Tel: +27 (0)11 341 9900Fax: +27 (0)11 341 9911E-mail: [email protected]; [email protected]: www.wdbinvestments.co.zaKey contact person and designation: Faith Khanyile (Chief Executive Offi cer); Nicola Gubb (Chief Investment Offi cer)

TYPE OF FIRM: Investment Holdings Company

REMARKS: Established in 1996; women led, broad- based shareholding investment company, managing a portfolio of listed and unlisted investments in key sectors. We participate in expansion and replacement capital, buy out and buy in and black economic empowerment transactions. The main shareholder is the WDB Trust, a public benefi t entity, which focuses on developing rural communities. We provide equity fi nancing towards the following sectors: • Financial services• Healthcare and Pharmaceuticals• FMCGs and Food • Property and Real Estate• Water and Renewable Energy • Diversifi ed Industries

Werksmans Attorneys

Physical Address: Johannesburg: 155, 5th Street, Sandton, Johannesburg, 2196; Cape Town: 18th Floor, 1 Thibault Square, Cape Town, 8001Tel: Johannesburg: +27 (0)11 535 8000; Cape Town: +27 (0)21 405 5100E-mail: [email protected]; [email protected]: www.werksmans.comKey contact people and designation: Shayne Krige (Director); Elliott Wood (Director)

TYPE OF FIRM: Corporate and Commercial Law Firm

REMARKS: Werksmans Attorneys is a leading SA corporate and commercial law fi rm with a formidable track record in mergers and acquisitions, commercial law, banking, fi nance, commercial litigation and dispute resolution. Werksmans recruited internationally to establish one of the fi rst teams dealing exclusively with investment issues. Werksmans’ dedicated Investment Fund & Private Equity practice combines a team of commercial, tax, private equity, regulatory and fi nance lawyers to meet the unique requirements of asset managers, investment advisers and investors. Services range from structuring and setting up funds and advising clients on operating local and offshore funds to advising foreign investment managers on the distribution of their funds in South Africa. Through Lex Africa, the oldest network of law fi rms in Africa, Werksmans also offers clients a single entry point to dozens of African jurisdictions. Werksmans also has established alliances with fi rms in Europe, the United Kingdom and Asia.

Whatana Investments, S.A.

Physical Address: Rua da Argélia nº 466, 2º andar, Maputo, MozambiqueTel: +258 21 497570Fax: +258 21 497570E-mail: [email protected]: www.whatana.comKey contact person and designation: Lan Nguyen (Managing Director)

TYPE OF FIRM: Investment Holding Company

REMARKS: Whatana Investments is a Mozambican-based investment holding company. Since its establishment in 2005, Whatana has built a medium to long-term investment portfolio consisting of high profi le businesses and interests in the following sectors: Telecommunications, Energy, Resources, Finance, Property Development and Logistics. Whatana has a very solid network in Mozambique and abroad, which includes partnerships with both corporate and governmental institutions. This makes Whatana one of the top preferred partners in the SADC region.

Whatana Investm

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Attorneys


FULL MEMBER


ASSOCIATE MEMBER

Physical Address: 3rd Floor, 35 Wale Street, Cape TownTel: 021 481 8700Fax: 021 481 8799E-mail: [email protected]; [email protected]: www.wspgroup.comKey contact person: Rhys Giljam, Associate, Elan Theeboom, Associate

TYPE OF FIRM: Engineering and Sustainability Consultancy

REMARKS: WSP | Parsons Brinckerhoff is one of the world’s leading engineering and sustainability professional services consulting fi rms, with 32,000 staff across 500 offi ces.

With offi ces in Cape Town, Durban and Johannesburg, and working throughout Sub Sahara Africa, we provide Technical and ESG consulting services to the Private Equity sector, including: pre-transaction ESG due diligence; ensuring conformance to Limited Partner ESG reporting requirements; developing/auditing post-transaction ESG Action Plans; and Technical Engineering assessment of the physical asset base assumptions underpinning investee fi nancials.

WSP | Parsons Brinckerhoff

www.afrasiabank.com | Mauritius | South Africa | UK

Building bridges between Africa and the world

Corporate & Investment Banking | Private Banking & Wealth Management | International Banking

+2711 268 5780 | +2721 417 6400 | [email protected]

Best Private Bank in Mauritius 2015 by Euromoney | Best Private Bank for Asset Management in Mauritius 2015 by Euromoney

J1156_Afrasia_A5_FINAL.pdf 1 2015/04/13 11:46 AM

Documents

SAVCA 2015 · SAVCA 2015 Members’ Directory SAVCA 2015 Members’ Directory Private Equity and Venture Capital in Southern Africa Investing for Growth Investing for Good