CapitalWorks

CapitalWorks is a prominent independent alternative asset manager based in Johannesburg, focusing on Sub-Saharan Africa. The firm caters to a diverse range of partners, including both domestic and international institutional investors, by offering access to a wide array of alternative assets and specialist investment solutions. CapitalWorks manages the CapitalWorks Private Equity Fund I, which targets companies primarily in South Africa, with a particular emphasis on sectors such as energy, metals, minerals, mining, and oil and gas. The fund typically invests a minimum of 15 million USD per company, reflecting its commitment to fostering growth in the region's key industries.

Beth Mandel

Partner and Co-Founder

Chad Leonard Smart

Partner

Garth Willis

Principal and Director

Past deals in South Africa

Sovereign Food Investments Ltd. produces and sells poultry products. Sovereign Food Investments Ltd. involves in breeding, broiler farming, food processing, animal feed milling, and value-added poultry processing and trading activities.

Petmin

Acquisition in 2016
Petmin Limited, a multi-commodity mining company, produces and sells metallurgical anthracite in South Africa and internationally. It operates through two segments, Anthracite and Expansion Projects. The company holds interests in the Somkhele anthracite mine located to the northwest of Richards Bay in KwaZulu-Natal; the North Atlantic Iron Corporation project, an iron sands deposit that produces and supplies merchant pig iron in Labrador, Canada; and the Veremo pig iron project located near Stofberg in Mpumalanga Province, South Africa. It also exports its products. Petmin Limited was incorporated in 1972 and is based in Johannesburg, South Africa. As of May 31, 2017, Petmin Limited was taken private.

IQ Business South Africa

Private Equity Round in 2016
Founded in 1998, IQ has developed its reputation for helping our clients overcome their challenges. Although proudly South African, our perspective is international through the experience of our people, our clients and our business partners. The IQ Business Group is privately owned and fully empowered with a level 3 BEE certification.

Robertson & Caine

Private Equity Round in 2015
Robertson & Caine is a Catamaran Producer based in Cape Town internationally renown for their Leopard Catamaran Range. Robertson and Caine was founded by John Robertson and the late Jerry Caine in 1991. The founders have a proud 35-year history of boat building with more than 1300 boats launched. Robertson and Caine is South Africa's largest boat-builder, manufacturing for the export market, and has delivered hundreds of boats globally.

Much Asphalt

Acquisition in 2013
Much Asphalt (Pty) Limited is a leading manufacturer and supplier of hot and cold asphalt products for the road construction industry in South Africa. Established in 1965 and based in Cape Town, the company operates 15 static mixing plants across major centers in South Africa and holds a majority stake in East Coast Asphalt, which has two additional plants in East London and Mthatha. Much Asphalt offers a wide variety of products, including pavement mixes, tank base mixes, driveway mixes, and specialized solutions such as polymer-modified and rubber-modified asphalts. The company also provides innovative products like GB5, which improves pavement durability, and Warm Mix Asphalt, which allows for lower mixing temperatures. Serving national, provincial, and local governments alongside private sector clients, Much Asphalt plays a crucial role in the road construction economy of southern Africa.

RFG Holdings Limited (JSE:RFG)

Private Equity Round in 2012
Rhodes Food Group is a fast growing, internationally recognised food production and processing company that has been providing local and international markets with fresh quality products and premium brands at competitive pricing for over a century now. Our absolute dedication to providing world-class quality and service has seen the Group grow rapidly from its humble beginnings into the vibrant and diversified food business it is today. The focus on ‘soil to shelf’ quality control has earned the loyalty of both consumers and retailers both in South Africa and abroad.

ROSOND

Private Equity Round in 2012
Rosond (Pty) Ltd. provides drilling and grouting services for mining houses, operating mines, and junior mining and exploration companies. It offers surface exploration services, such as grade control drilling, core drilling, and percussion drilling; and underground drilling and grouting. The company also provides geotechnical engineering services, which include geotechnical drilling, sonic drilling, percussion drilling, and RC drilling; rock and slimes dump sampling; dewatering and water control; pre-cementation and collar grouting; ground improvement/stability systems; micro piling; spilling; and anchoring. Rosond (Pty) Ltd. was formerly known as RODIO/ROSOND. The company was founded in 1956 and is based in Midrand, South Africa. Rosond (Pty) Ltd. is a former subsidiary of Geosond Holding AG.

Reclamation Holdings

Private Equity Round in 2008
Reclamation Holdings is a supplier of innovative solutions to healthcare providers and clinicians within sub Saharan Africa.