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 R50 million to R200 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.