Value Capital Partners

Tiger Brands Limited is a leading manufacturer and marketer of fast-moving consumer goods primarily operating in Southern Africa. The company offers a diverse range of products, including baby care items, beverages, grains, groceries, snacks, and home care products. Its well-known brands encompass Purity for baby care, Energade and Oros for beverages, Tastic and Ace for grains, and All Gold and KOO for groceries. Additionally, Tiger Brands produces personal care products and a variety of snacks under popular names such as Beacon and Jelly Tots. Founded in 1920 and headquartered in Bryanston, South Africa, the company also exports its products to approximately 25 countries across the continent, reinforcing its position in the competitive consumer goods market.

Cashbuild Limited is a South Africa-based retailer specializing in building materials and associated products. Founded in 1978 and headquartered in Johannesburg, the company operates a network of stores primarily in South Africa and neighboring countries, including Botswana, Swaziland, Lesotho, Namibia, and Malawi. As of mid-2020, Cashbuild managed 318 stores, comprising Cashbuild, P&L Hardware, and DIY outlets. The product range includes cement, timber, bricks, roofing materials, plumbing supplies, hardware, electrical items, and tools, catering to a diverse customer base that includes contractors, homebuilders, farmers, and traders. Cashbuild's stores are strategically located in towns, townships, rural areas, and metropolitan regions, emphasizing accessibility for cash-paying customers.

Bonyan for Development and Trade is a specialized real estate developer based in Cairo, Egypt, established in 2007. The company focuses on the development of commercial properties and has a subsidiary that offers interior design products for both residential and commercial projects. Bonyan operates not only in Egypt but also extends its services to the broader MENA region, contributing to the local real estate market through its innovative development solutions and design offerings.

Grand Parade Investments Limited is a private equity and venture capital firm based in Cape Town, South Africa, established in 1997. It focuses on investments in the leisure, tourism, and gaming sectors, while also exploring opportunities in property, retail, food, manufacturing, and entertainment. The firm aims to invest in companies across various stages, from seed and startup to mature and turnaround phases, primarily within Africa, with an emphasis on South Africa and the Western Cape. Grand Parade Investments typically invests between R10 million and R1 billion in companies with an enterprise value exceeding R300 million. The firm seeks to acquire minority or majority stakes, generally aiming for over 20 percent ownership, and often takes a board seat in its portfolio companies. It also engages in joint ventures and partnerships, contributing capital alongside strategic managerial input. Its current focus areas include food and gaming, with notable investments in brands like Spur, Dunkin' Donuts, and Baskin-Robbins.

Cobli is a FleetTech company focused on simplifying and enhancing fleet management. Founded by Parker Treacy and Rodrigo Mourad, Cobli has experienced over 100% annual growth and has expanded its workforce to more than 400 employees. The company has raised $45 million in funding, primarily from Softbank, and operates across Brazil, serving diverse industries such as telecommunications, transportation, energy, e-commerce, and construction. Cobli's platform leverages IoT, Artificial Intelligence, Big Data, and video telemetry technologies to improve fleet efficiency. Its solutions are designed to reduce costs, enhance productivity, increase driver safety, ensure operational compliance, and elevate the customer experience. The company also specializes in vehicle tracking and provides tools for monitoring driver behavior, dynamic routing, and fraud prevention, addressing common challenges faced by fleet owners.

Pepkor Holdings Limited is a South African retailer that focuses on discount, value, and specialized goods across several African countries, including Angola, Botswana, and Nigeria, among others. The company offers a diverse range of products, including clothing, general merchandise, household goods, furniture, appliances, consumer electronics, and cellular products and services. Additionally, it provides financial and fintech services to enhance customer convenience. Established in 2017 and headquartered in Cape Town, Pepkor operates approximately 5,254 stores as of September 2020. The majority of its revenue comes from its clothing and general merchandise segment, which includes fast-moving consumer goods and homeware. Formerly known as Steinhoff Africa Retail Limited, the company rebranded to Pepkor Holdings Limited in August 2018 and is a subsidiary of Steinhoff International Holdings N.V.

Net1 UEPS Technologies specializes in creating secure and affordable transaction channels for un-banked and under-banked individuals, primarily in developing economies. The company offers chip card technologies and systems, including its Universal Electronic Payment System (U.E.P.S.), to facilitate access to alternative payment solutions for populations lacking traditional banking services. With an estimated four billion people globally facing such limitations, Net1 aims to bridge the gap between formal businesses and underserved communities, enhancing financial inclusion and providing necessary economic services.

Bytes Technology Group plc is a provider of comprehensive IT solutions, offering software, hardware, and cloud services across the United Kingdom, Europe, and internationally. Founded in 1982 and headquartered in Leatherhead, the company delivers a range of services including security, storage, virtualization, licensing, digital transformation, and managed services. These offerings cater to both public and private sector clients and are marketed under the Bytes Software Services and Phoenix brands. Through its diverse portfolio, Bytes Technology Group aims to meet the evolving needs of organizations in an increasingly digital landscape.

Lesaka Technologies is a financial technology company based primarily in South Africa, specializing in payment and transaction processing solutions. The company operates through two main segments: Merchant and Consumer. The Merchant segment generates the majority of its revenue by providing goods and services to corporate clients and other legal entities, earning fees from transaction processing and the distribution of prepaid airtime. The Consumer segment focuses on offering financial services directly to individuals, including bank accounts, loans, and insurance products. Through these services, Lesaka Technologies aims to enhance secure transaction channels for both business and consumer customers.

ADvTECH Limited is a prominent education and training provider based in Sandton, South Africa. The company operates through three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers comprehensive educational services, including pre-primary, primary, and secondary education. The Tertiary division focuses on higher education, offering diploma, degree, and postgraduate programs through both traditional and distance learning methods. In addition, the Resourcing division specializes in staffing solutions, providing permanent, temporary, and contract placements across various sectors, including information technology, accounting and finance, engineering, and network services. ADvTECH stands out as a leader in quality education, skills development, and workforce placement in the region.

African Phoenix Investments Limited is an investment holding company based in Johannesburg, South Africa. Formerly known as African Bank Investments Limited, the company rebranded in February 2017. African Phoenix focuses on creating and sustaining long-term value through investments in a diverse portfolio of equity interests in both listed and unlisted companies, aiming for above-average returns. Additionally, the company invests in cash, bonds, debt instruments, derivatives, collateralized notes, and fund participations. With a commitment to providing quality investment services, African Phoenix also offers advisory services to help clients navigate various financing and investment opportunities.

Metair Investments Limited is a manufacturer and distributor of energy storage products and automotive components, operating primarily in South Africa, Romania, Turkey, the United Kingdom, the Middle East, and Russia. The company specializes in producing a wide range of energy storage solutions including automotive and industrial batteries, solar systems, and charging systems, catering to both original equipment manufacturers and the automotive aftermarket. Additionally, it manufactures various automotive components such as air-conditioning systems, radiators, brake systems, and electrical components, which are essential for vehicle assembly and aftermarket services. Metair also supplies energy storage products for diverse sectors, including telecommunications, utilities, mining, and retail. Established in 1948, Metair is headquartered in Johannesburg, South Africa.

Sun International Limited is a prominent operator of casinos, hotels, and resorts, with a notable presence in South Africa, Swaziland, Nigeria, and Latin America. Established in 1967 and headquartered in Sandton, South Africa, the company boasts a diverse portfolio that includes 19 luxury hotels, resorts, and casinos. Sun International is recognized for its premium brand, offering world-class accommodations and entertainment experiences, including iconic properties like The Palace of The Lost City and The Table Bay Hotel. The company has made significant strides in Latin America since its entry in 2008, merging its operations with Dreams SA to become the largest gaming entity in the region. Sun International emphasizes architectural uniqueness and exceptional service across its locations, aiming to create lasting memories for its guests. As a pioneer in the southern African gaming sector, Sun International has set industry standards and remains committed to responsible corporate citizenship and employee development.

Adcorp Holdings Limited is a global workforce solutions company headquartered in Johannesburg, South Africa. Founded in 1968, the company offers a range of services including permanent recruitment, flexible staffing, professional IT services, business process outsourcing, training, and financial services. Adcorp operates through various segments such as Industrial Services, Support Services, Professional Services, Financial Services, and Training Services. The company provides employees with access to financial support and healthcare, and it focuses on connecting people, businesses, and economies across Africa, the Middle East, and the Asia Pacific regions.

Novus Holdings Limited is a prominent player in the printing and manufacturing industry, headquartered in Cape Town, South Africa. The company operates through three main segments: Printing, Packaging, and Other. Novus provides a wide array of printing services, including gravure, heatset, coldset, sheet-fed, and digital printing. Its products encompass books, magazines, newspapers, educational materials, and security printing, such as ballot papers and census forms. In addition to traditional print media, Novus manufactures flexible packaging solutions, including labels and various types of bags for diverse industries. The company also runs a training institution that offers technical and management courses. Established in 2008, Novus Holdings has become a market leader, with operations spanning eleven plants across South Africa and catering to customers throughout the African continent.

PPC Ltd is a leading manufacturer and supplier of cement and related products based in South Africa. Established in 1892 and headquartered in Johannesburg, the company operates across several African countries, including Botswana, Mozambique, Zimbabwe, Rwanda, and the Democratic Republic of the Congo. PPC Ltd produces a variety of products including premium Portland and composite cements, lime, limestone, and fly ash. Its aggregate offerings encompass various types of stone, sand, and road materials. The company's products are marketed under several brand names, such as Surebuild, OPC, IDM, and Sureroad, targeting both domestic markets and regional exports. PPC Ltd's extensive production facilities and comprehensive product range position it as a significant player in the construction and building materials sector in Southern Africa.

Altron Ltd is a technology solutions provider that offers integrated ICT services to businesses, governments, and consumers. The company focuses on three main segments: Digital Transformation, Managed Services, and Own Platforms. Altron combines technical expertise with a deep understanding of customer needs to deliver comprehensive technology solutions. While it operates in various regions, including Africa, Europe, the Middle East, and Australia, the majority of its revenue is generated from its home market in South Africa.

Polatis is a company that specializes in optical switching technology, established in 2005 through the merger of prominent optical technology firms from Cambridge, Massachusetts, and Cambridge, UK. The company focuses on developing optical layer connectivity software designed for managing and switching fiber-based optical networks. Polatis offers a range of products including single- and multi-mode optical matrix switches, carrier optical monitor switches, and latching switches, catering to the demands of modern fiber networks. Through its innovative solutions, Polatis enhances the efficiency and reliability of optical communication systems.