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| Partnerships
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| | PARTNERSHIP WITH FAIRBRIDGE CAPITAL
To bolster Vantage's mid-market funding capabilities, a partnership has been established with Fairbridge Capital. Fairbridge employs two highly experienced leverage financial professionals, Ethene Swanepoel and Micky Wostenholm, who will be assisting Vantage in originating and structuring smaller mid-market transactions. http://www.fairbridgecapital.co.za | | | | Director – Fairbridge Capital (Pty) Ltd - Ethene Steenkamp | | | Ethene is a founding member of Fairbridge Capital (Pty) Ltd and has extensive experience in corporate finance and acquisition & leveraged finance. Ethene started his career at Arthur Andersen, where he completed his articles at the end of 1996. After that, Ethene spent 5 years in London with Andersen Corporate Finance where he focussed on M&A advisory work in the mid-market and private equity space gaining extensive experience in MBO's; LBO's, corporate divestitures and corporate acquisitions. In 2002 he returned to South Africa, where he joined Ernst & Young Corporate Finance to help establish the M&A team and later became Director of M&A where he gained a lot of experience advising on BEE transactions. In 2004 he joined Investec's Growth & Acquisition Finance Team where he concluded a number of transactions including the funding of the acquisition by Siyanda Resources, NEF and De Beers of DMS Powders from BHP Billiton for circa R300 million as well as the funding of the acquisition of Koornfontein Coal Mine by a BEE-led consortium from BHP Billiton for R400 million. More recently, Ethene headed up ABSA Corporate & Business Bank's Acquisition & Leveraged Finance Team, which funded mid-market transactions in excess of R2 billion in 2007. | | | | | | | Director – Fairbridge Capital (Pty) Ltd - Micky Wostenholm | | | Micky is a founding member of Fairbridge Capital (Pty) Ltd which was established in early 2008. Prior to this, Micky completed his articles at Ernst & Young, Johannesburg in 1998 before moving to London where he spent some time with Credit Suisse and Cavendish Corporate Finance. During his three years at Cavendish, a boutique mid-market sell side corporate finance house, Micky gained valuable experience in MBO's and the private equity arena and was involved in advising a number of vendors on the sale of their businesses valued at between £10 million and £100 million. On returning to South Africa in 2004, he joined Investec's Growth & Acquisition Finance team where he was involved in the funding of a number of transactions in the mid-market space, including the early funding of the currently listed Afrimat Ltd. Micky left Investec at the end of 2006 to join ABSA Acquisition & Leveraged Finance, a start up team focussed on the funding of mid-market transactions, where he was responsible for funding of the Kulingile Metals Group buyout by a consortium led by Blackstar, and its subsequent purchase of Global Roofing Solutions. | | | |
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| Coast2Coast’s Ascendis Health on the acquisition trail | Ascendis Health (Pty) Limited, the wholly owned health and lifestyle subsidiary of Coast2Coast Investments, today made an announcement that it had, along with existing management, acquired the Efekto business. The Landbank and Vantage Risk Capital, the BEE mezzanine financiers, provided part of the funding for the transaction.
| | Green Supply Chain Awards salute industry leaders | The third annual Green Supply Chain Awards, a joint initiative of the Chartered Institute of Logistics and Transport: South Africa (CILTSA), the Consumer Goods Council of South Africa (CGCSA) and Supply Chain Today magazine, were awarded late last week to South Africa's top environmental industries.
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