Portfolio

We are fundamental value investors and we spend a significant amount of time understanding the inherent opportunities, stakeholder needs and the future requirements of an investment. Our track record and experience gives us the ability to share best practices in a manner that positively impacts multiple companies and industries. Some of our current and past investments include:


Current


Business description

Nature and size of the deal

One Digital Media

One Digital Media

One Digital Media is the largest digital signage business in South Africa, providing dynamic information communication and marketing solutions to over a thousand retail outlets, restaurants and offices across the country.
MBO

Infrastructure Specialist Group

Infrastructure Specialist Group

Infrastructure Specialist Group (ISG) is the leading national supplier of pre-cast concrete and formed products to the infrastructure construction, building, mining and sanitation solutions markets through Rocla, Technicrete and Ocon Brick.
MBO

Bluff Meat Supply

Bluff Meat Supply

Bluff Meat Supply is SA's leading manufacturer of processed meats and a long-established key player in the KZN retail butchery market.
MBO

Jojo

JoJo Tanks

JoJo Tanks is the leading manufacturer of water storage tanks in SA. Through its national manufacturing and distribution footprint, it services predominantly the agricultural, domestic and chemical industries.
MBO

Graptek

Tessara

Tessara is the leading manufacturer of table grape preservation sheets, which it markets globally under the Uvasys brand.
MBO

Studio88

Studio 88

The Studio 88 Group (incorporating the Studio 88, Skipper Bar, Side-Step, DMD/Linea Italia, Jelly Planet and GERI outlets) is a leading sports-lifestyle branded footwear and apparel retailer with 350 outlets throughout sub-Saharan Africa.
MBO

Waco

Waco

Waco is a leading industrial services business in SA, Australasia and the UK. Waco provides forming, shoring and scaffolding services, relocatable modular buildings and sanitation solutions.
Secondary MBO

Tracker

Tracker

Tracker is the largest, privately-owned, stolen vehicle recovery and telematics provider in southern Africa with 700 000 subscribers.
LBO, ZAR3.6-bn

Vox

Vox

Vox is a branded, independent, telecommunications provider of voice and data services to the South African market.
Delisting, restructuring, ZAR500-m



Exited




Denny

Denny

The business sells mushrooms under its iconic brand, and also as white label product for most of South Africa’s major food retailers.
LBO from AVI, ZAR260-m

Robor

Robor

Robor is one of SA's leading steel tube and pipe manufacturers. Its products are used by a variety of industries, including: construction, mining, automotive, agricultural, engineering, power stations, railways and stadiums.
MBO, Sale of division

RTT

RTT

RTT (previously known as the Fuel Group) is a group of logistics businesses principally engaged in the “less-than-truck-load” distribution of a wide range of commercial goods, including: clothing, high value items, pharmaceuticals, spare parts, electronics etc. RTT also provides related warehousing services.
Tertiary MBO

Multiknit

Multiknit

Multiknit converts raw high-density polyethylene into knitted plastic fabrics. The Knittex division manufactures shade cloth for the construction industry (car ports and shading structures), and horticultural and agricultural shade netting.
MBO

MCG Industries

MCG

MCG manufactures plastic, tin plate and aluminium closures primarily for the bottles of carbonated soft-drinks, alcoholic fruit beverages, wines and spirits. MCG also uses injection moulding to manufacture plastic crates and sundry other products for the dairy, wine and beer industries.
MBO

Puregas

Puregas

Puregas is the leading supplier of butane-propane aerosol propellants in SA. It processes unstenched butane and propane sourced from the SAPREF and NATREF refineries. It then distributes the processed butane and propane in bulk for use as cleaning and cosmetic aerosol propellants to end users, such as Adcock Ingram and Unilever.
MBO

Secure Data

SecureData

SecureData is SA's largest reseller of IT Security products, selling to over 6 000 customers (including many ALSI 40 clients) through its business partners. They are the only local distributor that provides products that meet all the security requirements of corporate SA.
Listed investment

Idwala

Idwala

Idwala is a leading South African producer of industrial minerals. Idwala’s two key products are calcium carbonate and lime, in both burnt and hydrated form.
Secondary MBO, ZAR3-bn

Life Healthcare

Life Healthcare

Life Healthcare is a privately-owned healthcare provider with operations in private hospitals and related healthcare services in SA and Botswana.
Delisting — and LBO, ZAR14-bn

Alstom

Alstom

Alstom is an international, diversified conglomerate involved in the manufacturing and distribution of products for electricity, rail transport and mining industries.
MBO, Sale of division, ZAR4.3-bn

Stocks

Stocks

Stocks is a South African multi-disciplinary engineering and construction group with services in construction of buildings and related project management. This group operates internationally and is well positioned to manage a range of projects of any scale.
Restructuring, ZAR1.4-bn

Mediscor

Mediscor PBM

Mediscor PBM is an independent specialist pharmaceutical benefit management organisation with a long and successful track record in managing medicine benefits for a range of clients. Mediscor implemented the first pharmacy benefit management system in SA in 1998.
MBO and subsequent sale to management and BEE

York Timbers

York Timbers

The York Timber Ltd (York) is a JSE-listed forestry products business, owning and operating eight sawmills in the Sabie and White River timber growing region of Mpumalanga. These mills historically relied totally on externally supplied saw log supplies to feed its mills.
Listed investment and subsequent sale of shares