BUSINESS UNITS – MEZZANINE FUND PORTFOLIO
 
Risk Capital
Investment Criteria
Mezzanine Fund Portfolio
 
 

Business

Nature of the transaction

Nature of Business

Date Invested

 

Safripol Holdings

 

Funded the acquisition of 21% stake in Safripol by BEE investor, Thebe Investment Corporation.

 

Safripol is the only manufacturer of high-density polyethylene in South Africa and the second biggest supplier of polypropylene after Sasol.

 

July 2007

 

York Timer Organisation

 

Provided mezzanine funding towards 100% acquisition of Global Forest Products.

 

The leading private sector owned sawmilling and forestry management company in South Africa. York is listed on the JSE.

 

August 2007

 

Tsebo Outsourcing Group

 

Part-funded the purchase of 100% of the business by a consortium led by ABSA Capital from Ethos Private Equity.

 

South Africa’s leading catering and facilities management business.

 

December 2007

 

Primedia

 

Provided a tranche of mezzanine funding for the buyout of the business by a consortium led by management, the Mineworkers Investment Company and Brait.

 

South Africa’s leading radio broadcaster. Also holds strong positions in the outdoor advertising, sports marketing, commuter advertising and film retailing and distribution.

 

January 2008

 

Reclamation Group

 

Provided a tranche of mezzanine funding and an equal tranche of junior equity funding for the purchase by the Masevumeni consortium led by the Deputy Chairman of the company of a 14.4% BEE Shareholding.

 

The largest recycler of ferrous and non-ferrous metals in South Africa servicing the domestic steel industry as well as exports.

 

July 2008

 

TrenStar

 

Provided mezzanine funding to the company for expansion and replacement capital, and funded a smaller tranche of equity capital to support a 26% shareholding for a BEE party.

 

Leading provider of returnable-packaging supply chain solutions for the automotive sector in South Africa.

 

December 2010

 
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