Vantage Mezzanine

Mezzanine Fund I, II & III Portfolio

BUSINESS NATURE OF THE TRANSACTION NATURE OF BUSINESS DATE INVESTED
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 in a South African metals recycling business. Recycler of ferrous and non-ferrous metals in South Africa, servicing the domestic steel industry as well as exports. July 2008
Provided mezzanine funding for the completion of a power plant and a natural gas commercialisation project. Independent power producer serving multinational clients in the industrial and mining sectors. March 2013
Provided mezzanine funding to finance the pre-development costs of a mixed-use property development above the Gautrain station in Sandton, Johannesburg. Mixed-use property development above the Gautrain station in Sandton, Johannesburg. July 2013
Provided mezzanine funding to facilitate the buyout of 100% of the business by a Mining Resources Company and management. Leading provider of mining support products and services (timber, polymer bags and steel sleeves) to the gold and platinum mining sectors of South Africa. August 2013
Pretoria Towers Provided mezzanine funding to a BEE consortium to facilitate the acquisition of a 37 storey high rise office tower in the Pretoria central business district. The large scale dual zoned (retail and office) building ideally suited to accommodate both private and/or public tenants. May 2014
Provided mezzanine funding to support the company’s working capital needs as well as the acquisition of new medical dossiers. Independent pharmaceutical company providing a basket of premium and generic medicines to the South African market. August 2014
Provided mezzanine funding and equity to facilitate a management buy-out. Dynamic Bedding manufactures, distributes and markets a wide range of bed bases and mattresses through network of 120 retail stores. September 2014
Provided mezzanine funding for the acquisition of preferred equity facilities. AfriSam is the largest BEE-controlled South African building and construction materials company. October 2014
Reduced our loan exposure in Surfline in exchange for a controlling shareholding in Bay Realty. Bay Realty has two commercial and one residential building in Accra and Tema, Ghana. April 2018
Provided mezzanine funding to finance capital expenditure, working capital and refinance existing debt. Simba Properties Investment Company houses five prime property developments in Uganda. December 2014
Provided mezzanine funding to finance acquisition of 12.4% shares in Servest by Servest management. Servest is the largest black-owned facilities management company in Africa. July 2015
Provided mezzanine funding to an investment vehicle owned by the Servest founder, to acquire additional Servest shares and refinance existing debt. Servest is the largest black-owned facilities management company in Africa. July 2015
Provided mezzanine funding to finance construction of a mixed-use development in Lagos’ Victoria Island CBD, refinance existing debt, and fund working capital and other capital expenditure. Landmark is one of the leading real estate property development firms in Nigeria. March 2016
Provided mezzanine funding to finance the construction of a hotel in the Windhoek CBD. UAG is one of the largest property-owning and hospitality groups in Namibia. March 2016
Provided mezzanine funding to finance the expansion of the company’s Fibre-to-the-Home network in South Africa. Vumatel is one of the leading, open access, Fibre-to-the-Home network operators in South Africa. April 2016
Provided a mezzanine loan to refinance short term debt and provide funding for working capital requirements of the Lagos-based shopping centre. Maryland Mall is a 6,000 m2 neighborhood shopping mall attracting over 30,000 visitors weekly. November 2017
Provided mezzanine funding to refinance a portion of the existing senior debt funding. Rosslyn Riviera Shopping Mall is an 18,211 m2 convenient neighbourhood shopping mall in the upmarket suburb of Rosslyn/Runda in Nairobi. April 2018
Provided a mezzanine loan to fund the infrastructure and amenities requirements of the Cap Tamarin development. Cap Tamarin is a "Smart City" development located on the attractive west coast of Mauritius. July 2018


Mezzanine Exits

BUSINESS NATURE OF THE TRANSACTION NATURE OF BUSINESS DATE INVESTED DATE EXITED
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 March 2012
Provided mezzanine funding to facilitate the buyout of Agroserve by management and an equity sponsor. South Africa's leading producer of garden plant protection and home fertiliser. September 2011 July 2013
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 December 2013
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 December 2013
Provided mezzanine funding for the acquisition of a 40% stake in CA Sales by the Export Trading Group. Leading merchandising, distributing and warehousing business in Botswana. March 2012 March 2014
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 March 2015
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 December 2015
Provided mezzanine funding to finance additional investments as New GX grows its interests in the telecommunications infrastructure, energy, waste management and information technology sectors in South Africa and the rest of Africa. New GX is a black industrialist business and a leading 100% black-owned investment holding company in South Africa. June 2016 September 2018