Investment criteria

"As an on-balance sheet private equity company we do not have exit timing pressures"

We invest selectively in a variety of businesses, based on the following:

  • South African companies making sustainable annual earnings above R30 million EBITDA
  • Sub-Saharan African companies making sustainable annual earnings above US$3 million operating profit
  • Profitable and cash generative companies
  • An experienced and competent management team
  • Demonstration of market or niche dominance/leadership
  • Good growth prospects

We do not, however, invest in the following transactions:

  • Agriculture (except for the financing of agri-processing)
  • Mining ventures (except for the financing of mining support services)
  • Property ventures
  • Unproven technology ventures
  • Start-ups and turnarounds