Vantage Capital Investments
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 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 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.
Johannesburg, South Africa – Vantage Capital, Africa’s largest mezzanine debt fund manager, announced today that it has fully exited its investment in Thebe Timrite (“Timrite”), a leading black-controlled supplier of mining support products and services in South Africa.Read more
Abidjan, Côte d’Ivoire – Vantage Capital provides a €19 million mezzanine facility to Pétro Ivoire in the first-ever leveraged management buyout in Francophone West Africa.Read more
Abidjan, Côte d’Ivoire – Vantage Capital accorde un financement mezzanine de 19 millions d’euros à Pétro Ivoire dans le cadre du tout premier rachat d’entreprise par son management par effet de levier jamais encore réalisé en Afrique de l’Ouest francophone.
Johannesburg, South Africa – Vumatel and Tsebo, two companies funded by Vantage Capital, were recognised as the best medium-size and large-size private equity-backed South African growth champions respectively, at the inaugural South African Private Equity and Venture Capital Association (SAVCA) 2018 Industry Awards held at Montecasino on Thursday night.Read more