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.

Johnny F. Jones
Johnny is a partner at Vantage and is primarily focused on the mezzanine fund’s activities.  In addition to South Africa, Johnny is responsible for the Nigerian and Ghanaian markets. H... Read more
David Kornik
David is a partner at Vantage and his primary focus is on the mezzanine fund’s activities. He oversees the Masevumeni, Dynamic Bedding, Afrisam and UAG investments. In addition to the South Afri... Read more
Mokgome Mogoba
Mokgome is an Associate Partner at Vantage.  His primary responsibility is the origination, assessment, structuring, execution and management of the mezzanine fund investments.  He oversees ... Read more
Zaheer Cassim
Zaheer is an associate partner at Vantage and his primary focus is on the mezzanine fund’s activities, and he represents Vantage as a member of the Kwikspace board. He also oversees the Kgoro, P... Read more
Ridhaa Ahmed
Ridhaa is an associate partner at Vantage and focuses on both the mezzanine and GreenX portfolios. He assists in overseeing the AfriSam, UAG and Vumatel mezzanine portfolio investments as well as the ... Read more
Hugo van den Heever
Hugo is an associate partner at Vantage. He assists David Kornik with originating and assessing transactions in South Africa with a specific focus on the Cape region. He also assists David in overseei... Read more

Latest News

Vantage Capital Exits New GX Capital

Johannesburg, South Africa – Vantage Capital, Africa’s largest mezzanine debt fund manager, announced today that it has fully exited its investment in New GX Capital (“New GX”), a leading 100% black family owned investment holding company in South Africa. 

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Vantage GreenX provides R2bn to renewable energy

Johannesburg, South Africa – Vantage GreenX Fund Managers announced today that through its second renewable energy fund, Vantage GreenX Note II, it has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW.

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VC provides $10mil of funding for Cap Tamarin

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided
$10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused “Smart & Happy” Village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.

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VC provides $8 million for Rosslyn Riviera, Kenya

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided $8 million of funding to Rosslyn Riviera Shopping Mall (“Rosslyn Riviera”), a convenient neighbourhood shopping mall in the upmarket suburb of Rosslyn/Runda in Nairobi that officially opened for trading in 2017.  

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