FM:Systems Acquires WizzPass,Gaining Best-in-Class Visitor Management Technology
FM:Systems Solutions and Provides Unprecedented Digital Workplace Experience for Employees, Contractors, Suppliers and Visitors RALEIGH, N.C., June 23, 2021 — FM:Systems, a dominant provider of digital workplace solutions globally, announced today that it has acquired WizzPass, a rapidly growing leader in the visitor management system and workplace management market. Used and trusted by leading companies…
Read MoreThe Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Programme Selects Twelve Southern African Women Fund Managers
To increase the number of investable women fund managers in Southern Africa, MiDA Advisors, a global transaction and financial advisory firm, and the Southern African Venture Capital and Private Equity Association (SAVCA), an industry association, launched the Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Programme with the support of the United States Agency for International Development (USAID). Following the call for applications, twelve women-owned and…
Read MoreEXEO CAPITAL SELLS MAJORITY SHARE IN CAPE OLIVE AS PART OF AGRI-VIE FUND I EXIT
15 June 2021: Pan-African alternative investment firm, EXEO Capital this week announced the exit of its Food and Agribusiness fund, Agri-Vie Fund I, from Cape Olive Holdings – one of the largest table olive suppliers in South Africa. Izak Strauss, Partner and Co-founder of EXEO Capital, explains that the firm had sold its 62.7% share,…
Read MoreMedia Statement: Takatso Consortium and South African Government Partner to Relaunch South African Airways
South Africa-based Takatso comprises leading pan African infrastructure investor Harith General Partners and local aviation group, Global Aviation Public / private partnership for SAA, which will see 51% of SAA in private sector hands Takatso intends to relaunch SAA as an iconic South African brand, and a viable, sustainable, scalable and agile airline which will…
Read MoreSAVCA Statement on Competition Commission prohibiting acquisition between ECP Africa Fund, Burger King South Africa and Grand Foods
Friday, 4 June 2021: On 1 June 2021, the Competition Commission announced that it had formally blocked the process of Pan-African Private Equity Firm Emerging Capital Partners (ECP) from purchasing fast-food chain Burger King South Africa and Grand Foods Meat Plant. It is reported that the basis of this decision was not as a result…
Read MoreSAVCA MEDIA RELEASE: BUSINESS RESCUE AND DISTRESSED ASSET INVESTING
Considerations for creditors, shareholders, and private equity firms. 2 June 2021: According to Statistics South Africa, 216 businesses were liquidated in March 2021, 50% higher than the number recorded just a year ago. It is against this backdrop that the Southern African Venture Capital and Private Equity Association (SAVCA) recently hosted a panel of experts…
Read MorePrivate equity consortium acquires building materials company Everite from Group Five
South African buildings materials company Everite has been fully acquired by a private equity consortium comprising Legacy Africa Capital Partners and Lonsa Group together with Everite’s management. Everite was purchased from Group Five as part of the construction company’s business rescue process. Following a competitive auction, the consortium emerged as the preferred bidder. Lonsa Group,…
Read MoreSoon-to-be-listed Revego Africa Energy Limited invests in leading South African concentrated solar power plant
Revego Africa Energy Limited (Revego) has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million. Bokpoort CSP is one of South Africa’s premier CSP projects and fulfils Revego’s mandate of investing in operational, dividend-earning renewable…
Read MoreTop Tech Companies Driving Africa’s Growth – Africa Tech Week
On May 5th and 6th, Topco Media and partners will be presenting a robust networking experience aimed at kick-starting economic growth in Africa, using technology. Africa Tech Week is alive with gleaming opportunities to shape fruitful connections, forge clearer paths to digital transformation and inspire collective and personal growth. Enjoy the Inside Scoop from Top-Tech…
Read MoreInaugural Women Empowerment Mentoring and Incubation (WE > MI) Fund Manager Programme Launches to Increase the Number of Women-Owned and Managed Funds in Southern Africa
While progress towards the gender equality Sustainable Development Goal is growing in many industries, the private equity sector in Southern Africa continues to lag. According to Tanya van Lill, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), “In the Southern African region, only 9% of the fund managers that are members…
Read MoreSA PRIVATE EQUITY IS DOING GOOD WHILE DOING WELL
The inaugural SAVCA Conference Awards in March this year set out to acknowledge excellence, dedication and innovation. Among the winners of the year’s private equity deals, they also showcase an ethos of doing good while doing well. This has long been the rallying cry of Sanari Capital, winner of the SAVCA Small and Medium Deal…
Read More“Back to basics” approach needed for post-COVID recovery
At the recently held SAVCA 2021 Private Equity Conference, a panel comprising industry leaders explored in some depth the ways in which the country can go “back to basics” as the world economy re-opens. Moderated by Prof Nick Binedell from the Gordon Institute of Business Science, the panel consisted of Ben Bierman, Managing Director: Business…
Read MoreCan changes to Regulation 28 be a panacea for our ailing economy?
A group of panellists at the recent SAVCA Private Equity Conference debated National Treasury’s proposed amendments to Regulation 28. The regulation is part of the Pensions Funds Act and limits local retirement funds’ exposure to certain investments to ensure portfolios are well diversified and do not take on undue risk. Tanya van Lill, SAVCA CEO…
Read MoreSAVCA Conference 2021: Re:imagining life after Covid for private assets
The world has changed dramatically since SAVCA held its last conference in 2020 in the unforgettable Stellenbosch region. Covid-19 has forced us all to adapt to a new normal and for SAVCA, this included hosting their annual conference virtually for the first time. The overarching conference theme was re:imagine, an apt idea given how the…
Read MoreSA private equity firm has R350 million available for investment opportunities
Private equity company Moshe Capital Fund Managers is actively seeking to invest R350-million into diverse companies with a solid presence in their sectors. The firm has secured a funding commitment from FNB Commercial and has entered into a partnership agreement with RMB Ventures. Both divisions of FirstRand Limited. “Despite economic challenges, there are several opportunities…
Read MoreSAVCA Conference 2021: Day 2 in review
Day 2 started with our MC Zipho Sikhakhane providing an insightful recap of some of the main themes and learnings from the powerful conversations and debates held on Wednesday. Session 1: PE Re:imagined, the lasting impact of COVID – case studies In the first session of the day, which was moderated by Tanya van Lill,…
Read MorePRESS RELEASE: AFRICAN INFRASTRUCTURE INVESTMENT MANAGERS ACQUIRES MAJORITY STAKE IN GHANA-BASED DATA CENTRE
AIIM expands its digital infrastructure footprint with investment in carrier neutral, co-location data centre, via newly incorporated Onix Data Centre platform Cape Town, 4 March 2021: African Infrastructure Investment Managers (“AIIM”), one of Africa’s largest infrastructure-focused private equity fund managers, together with the management team of the new Onix Data Centres Limited (“Onix DC”) platform, have acquired a majority stake in Ngoya Etix DC (Ghana) Ltd, a carrier-neutral data centre with a current capacity of 170 racks (expandable to 680 racks), via AIIM’s flagship pan-African infrastructure fund, AIIF3. Located in the Greater Accra…
Read MoreSAVCA Private Equity Conference 2021: Day 1 in review
A selection of Coffee Conversations The first day of the 2021 annual SAVCA conference kicked off virtually with a number of coffee conversations where delegates were invited to share their views on a range of topics. Sthembile Nkabinde, CEO: Khulasande Capital led a conversation on how PE fund managers can have a positive impact. The…
Read MorePress Release: Sanlam Private Equity acquires majority stake in Cullinan’s largest employer
In a win for the private equity sector in South Africa as well as transformation in the agro-processing industry, Sanlam Investments through their private equity business, Sanlam Private Equity (“SPE”), has acquired a majority stake in the Cavalier Group of Companies, a supplier of premium red meat products and the largest employer in the Cullinan region…
Read MorePress Release: Convergence Partners announces acquisition of Ctrack in Africa and the Middle East
Convergence Partners announces acquisition of Ctrack in Africa and the Middle East Convergence Partners, leading tech investor in Africa, has entered into an agreement with Inseego Corp. (Nasdaq: INSG) to acquire 100% of Ctrack’s operations in Africa and the Middle East. This will be the maiden investment for its third fund, Convergence Partners Digital Infrastructure…
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