30 SEPTEMBER 2015

CAPITALWORKS INVESTS USD 25 MILLION IN SOUTH AFRICA’S PREMIER BOAT BUILDER

South African based independent alternative asset management firm, Capitalworks has acquired a majority share of South Africa’s premier boat builder, Robertson and Caine. The investment, of an amount of USD 25 Million,  has been made alongside the original entrepreneur and co-founder of the company, John Robertson.

Commenting on the transaction, Capitalworks founding partner and chairman, Chad Smart says,

“Robertson and Caine will provide a welcome addition to our current portfolio, offering further diversification to an attractive growth sector.”

“We are particularly delighted to be investing in a business that has such a significant global appeal alongside such an experienced and well-regarded entrepreneur.” he added.

Notes to Editor:

With 4 manufacturing facilities in Cape Town and over 1 300 staff in its employment, Robertson and Caine is South Africa’s largest boat-builder and the second largest manufacturer of blue water cruising catamarans globally, having delivered in excess of 1 300 boats to destinations across the globe.

Robertson and Caine has a strong design and innovation competence reflected in its award winning Leopard product range, which currently consists of 4 sailing catamarans and 2 power catamarans.

Capitalworks is a leading independent alternative asset manager concentrating on Sub-Saharan Africa. Capitalworks manages more than US$515 million for a diverse range of domestic and international investors, including leading domestic and international institutional investors, commercial banks, insurance companies, pension funds, family offices and high net worth individuals. Capitalworks’ philosophy is centred on building exceptional businesses through partnering with leading entrepreneurs and management teams. For further information regarding Capitalworks, please visit www.capitalworksip.com.

 

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