Vantage Capital exits its investment in CA Sales, its fourth exit in a year

Vantage’s Funds return almost R1 billion to its investors in ten months Johannesburg, South Africa – Vantage Capital, Africa’s leading mezzanine funder, today announced that it has successfully exited its investment in CA Sales, a leading Southern African distributor of fast-moving consumer goods, with operations in Botswana, South Africa, Swaziland, Zimbabwe and Mozambique. CA’s head…

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AGRI-VIE INVESTS $5 MILLION INTO KARIKI GROUP

18 March 2014: Agri-Vie, the private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has announced a $5 million investment into Kariki Group, a specialist Kenyan flower exporting business. According to Dave Douglas, Investment Advisor at Agri-Vie, the fund was attracted to making this investment in Kariki by its reputation as a…

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TRINITAS PRIVATE EQUITY BACKS SOUTH AFRICA’S LEADING AUTO COMPONENT MANUFACTURER

TRINITAS PRIVATE EQUITY BACKS SOUTH AFRICA’S LEADING AUTO COMPONENT MANUFACTURER Buys 70% stake in Auto Industrial 17 March 2014 – Johannesburg – Trinitas Private Equity has acquired a 70% stake in the Auto Industrial Group, one of South Africa’s leading automotive component manufacturers. The remaining 30% of the business – previously wholly owned by German-based…

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Former COO of Accenture joins Grovest board

Johannesburg – 5 March 2014: Clive Butkow, the former Chief Operating Officer of Accenture South Africa has joined the board of Grovest Venture Capital Company Limited. Butkow has 28 years management consulting experience. Since January 2013, he has supported and mentored numerous technology and other start-ups as well as small and medium size entrepreneurial businesses.…

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Convergence Partners invests in technology venture capital firm 4Di Capital

CAPE TOWN, 19 February 2014 – 4Di Capital today announced that Convergence Partners will join as the newest investor in 4Di Capital Fund 1, as an equal limited partner alongside Reinet Fund S.C.A., F.I.S., and E. Oppenheimer & Son. “We are delighted to welcome the addition of Convergence Partners to our investor base. We both…

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South African Fund Administrator IDS Fund Services Selects eFront Solution

CAPE TOWN, South Africa–(BUSINESS WIRE)–eFront, a leading software provider of financial solutions for managing alternative investments, is happy to announce that South African fund administrator, IDS Fund Services (IDS), selected the eFront solution for its private equity and real estate fund administration operations. “We believe that eFront will complement our private equity services, assisting IDS…

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