• R50 – R200 million (larger amounts with co-investors)
• Growth capital, Entrepreneur-partnering transactions, Funding of buy-and-build transactions, BEE transactions, Refinancing of secondary BEE transactions and Energy transactions.
• Subordinated debt, second lien,
• Equity co-investment (on a limited basis)
• Revenue greater than R100 million
• EBITDA greater R30 million
Target Company Characteristics
• Proven value proposition
• Identified organic growth
• High free cash flow generation and cash conversion rates’
• Experienced management with “skin” in the game.
• Industrial/commercial services
• Distribution and logistics
• Niche manufacturing
• Tech-enabled services
• Sub Saharan