Investment Objectives and Criteria

Objectives

• To make medium- to long-term equity and equity related investments
• To achieve above-average investment returns
• To champion and promote transformation and BEE in portfolio companies

Strategy / Criteria

• Partner-established companies seeking medium- to long-term equity partners
• Invest in profitable and established businesses with strong management teams
• Acquire significant minority and/or control positions in portfolio companies (varying from 15% to 80% equity interest)
• Key executives in portfolio companies will be encouraged to share in the equity risks and rewards
• Where possible, employee share ownership schemes will be implemented
• Investment horizon of up to seven years
• Investment size ranges from R30 million to R150 million
• Investments in most industries, excluding tobacco, liquor, gambling and military weapons industries
• Focus on investments in South Africa with an ability to invest in the rest of Africa.