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SA private equity fund launches investment fund worth R350-million
Moshe Capital Fund Managers, a South African private equity company, has launched an investment fund worth R350-million and is actively searching for companies to invest in.
SA private equity fund launches investment fund worth R350-million
According to reports issued, the private equity firm and secured the new funding from FNB Commercial and through a partnership agreement with RMB Ventures.
Mametja Moshe, founder, and CEO of Moshe Capital provides insight into the type of companies that the private equity firm aims to invest in.
“Despite economic challenges, there are several opportunities for investment and growth in various sectors such as manufacturing, industrial, mining products or services, and secondary agriculture in South Africa. We predominantly invest in established businesses with enterprise values of R200 million or more,”
Moshe Capital Fund Managers
Mosche Capital is 100% black-owned and currently has four investments across various sectors.
The fund focuses on investing in established businesses based in South Africa and that has the potential to grow its business market into Sub-Saharan Africa and internationally. This is not limited to specific industries as the fund conducts a rigorous analysis of the company before an investment decision is made.
“When considering investments, we look for a track record of at least three years of consistent returns and EBITDA of above R25 million,” adds Moshe.
It is important to note that the fund will not be investing in startups and aims to provide financial funding to well-established companies that are committed to job creation, economic empowerment along with a degree of social and environmental impact.
The degree of active involvement of the private equity firm in each investment differs based on the potential and requirements of each business. Moshe Capital is sector agnostic and is looking to enter into long-term partnerships.
“We believe in entrepreneurship by partnership. We are keen on businesses that provide returns on investments of more than 25% over five years or more. We fully appreciate that Covid-19 has had a negative impact on the valuation of most companies, and will take that into account when evaluating opportunities,” said Moshe.
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Featured image: Mametja Moshe, founder, and CEO of Moshe Capital (Supplied)