Vantage Capital Investments

Investment Focus

The objective of Vantage Capital Investments is to identify and structure opportunities for Vantage Capital and other BEE entities to participate in genuine broad-based empowerment.

Vantage Capital executives take a hands-on role to identify and canvas potential BEE participants and structure optimum arrangements for all transaction participants with emphasis on realistic pricing, and optimum levels of debt and equity funding to ensure effective transfer of economic ownership to BEE entities.

Vantage Capital Investments applies the group philosophy of hands-on involvement that adds real value (contributions going deep rather than spread thin). Therefore, it targets key strategic transactions that enable the group to play a meaningful role. Areas of focus are: Financial Services, Resources, Construction, Manufacturing and Services.

The On-Balance Sheet Investment Portfolio

Comcorp

Comcorp was established in 1993 and began trading as a financial services business focused on bridging finance in the residential property market. In 1999, Comcorp used the technological competence it had built up in managing its finance business to develop a software business focused on mortgage origination. A decision was taken to sell the bridging finance business and focus on mortgage software. Comcorp Online (Pty) Ltd was formed for this purpose.

Comcorp Online has processed over 1 000 000 loan application submissions to its banking partners worth over R400bn. In excess of 60 000 applications are submitted monthly valued at R30bn. More than 1 500 people from 400 companies have been trained on Comcorp's BondTrak Mortgage Software.

Vantage Capital Investments acquired 25.1% in Comcorp in December 2005.

Kwikspace

Kwikspace is the largest and most diverse manufacturer of factory-built accommodation in Africa. The company has been building and exporting a wide variety of units for more than 30 years to many parts of Africa, South America and the Middle East, supplying customers in the private, industrial, commercial and government sectors. Kwikspace has factories in Cape Town, Johannesburg, and Durban with sales offices situated in most major cities throughout South Africa.

Kwikspace has been very active in the education sector, having delivered circa 2000 units to be utilised as classrooms to the department of education and the department of public works. Over the past year, Kwikspace has also enjoyed success in the mining sector having delivered on large projects in the form of mining camps for some of the largest mining companies in the world. Kwikspace has exported its products to over 30 countries in Africa.

Vantage Capital Investments acquired 30% in Kwikspace in December 2006. In partnership with Kwikspace management, Vantage guided the company towards a successful listing on the main board of the Johannesburg Stock Exchange in November 2007. In February 2009, Vantage in partnership with ABSA Capital successfully delisted the business. As part of the delisting transaction, Vantage acquired a 42.72% shareholding in the privately-held entity.  On 1 November 2012, a share buyback took place subsequently increasing Vantage's shareholding to 47.26%.  Mutle Mogase, Vantage's executive chairman, and Zaheer Cassim, associate partner, represent Vantage Capital as members of the Kwikspace board.

Colin Rezek
Colin is a director of Vantage and a founder of the business. He has day-to-day responsibilities for the origination and assessment of mezzanine fund and balance-sheet investments. He is a member of t... Read more
Luc Albinski
Luc is the co-founder and co-managing partner of Vantage’s mezzanine funds as well as being one of the two executive members of the mezzanine funds’ investment committees. He has played a ... Read more
Alastair Campbell
Alastair is a director of Vantage GreenX and a member of the Fund’s Investment Committee. His primary responsibility is the assessment, structuring, execution and post-transaction monitoring of ... Read more
Warren van der Merwe
Warren is the chief operating officer of the group as well as of Vantage Mezzanine. Warren joined Vantage as its chief financial officer in 2007. As such, he was responsible for the financia... Read more
Siyanda Gule
Siya first joined Vantage in February 2011 as a financial controller assisting the then chief financial officer, Warren van der Merwe, with the overall finance function. He spent three years on this r... Read more

Latest News

Success tickles Vumatel bosses pink

With its ubiquitous pink vans driving around middle-class suburbs, Vumatel is a distinctive brand in the two cities where it operates, Johannesburg and Cape Town.

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Vantage Mezz Fund III invests R200mil in New GX

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided a R200 million ($13.7 million) expansion capital facility to New GX Capital, a 100% black and family owned investment company.

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Vantage Mezz Fund III invests R250mil in Vumatel

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has disbursed the second and final tranche of a R250 million ($17 million) expansion capital facility to Vumatel. 

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VC provides N$80 million to United Africa Group

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided a debenture facility of N$80 million (R80 million) to United Africa Group (“UAG”), an established hospitality and property-owning group in Namibia.

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