Medu Capital

Medu Capital is a private equity firm specializing in management buy-outs or buy-ins, expansion capital, and replacement capital investments in middle market companies. It also invests in companies seeking to enhance their BEE credentials. The firm invests in consumer goods, services, information technology, general industrials, financial services, and resources sectors. It does not invest in Start-up and early stage and in tobacco, liquor, gambling, and military weapons industries. The firm seeks to invest in companies based in South Africa and the rest of Africa. It prefers to take a board seat and assumes a non-executive role in the company and the subcommittees of the board. The firm seeks to make equity and equity related investments. It seeks to invest between R30 million ($3.89 million) and R175 million ($25.36 million) in its portfolio companies. The firm takes significant minority and/or control positions in portfolio companies, varying from 15% to 80% equity interest. It seeks to exit its investments within seven years. Medu Capital was founded in February 2003 and is based in Johannesburg, South Africa.
GB

Godlief Bashele

Partner

LB

Leone Boshoff

CFO

SB

Sandile Buthelezi

Associate

Ernest January

Co-Founder and Director

Nhlanganiso Mkwanazi

Co-Founder and Director

PM

Paula Mokwena

Associate

SN

Siyabonga Nhlumayo

Partner

AS

Annabelle Satterly

CFO

SS

Seitebaleng Shabangu

Associate

20 past transactions

Kawari Wholesaler

Private Equity Round in 2009
Kawari Wholesaler is a pharmaceutical wholesaler which supplies medicines to retail and courier pharmacies.

Capital Outsourcing Group

Acquisition in 2004
Capital Outsourcing Group provides temporary and permanent employment services in South Africa.

Vergenoeg Mining Company

Private Equity Round in 2009
Vergenoeg Mining Company is South Africa’s largest producer of fluorspar

Copper Tubing Africa (Pty) Ltd

Acquisition in 2008
Copper Tubing Africa (Pty) Ltd. manufactures and supplies copper tubes and fittings for mining, engineering, and electrical markets in South Africa. The company offers square and rectangular copper tubes and fitting; and antimicrobial products, lugs and ferrules, and solar water heating components. The company offers products for use in refrigeration, medical, domestic, industrial, and antimicrobial applications. It offers its products through a distributor network. The company was founded in 1988 and is based in Johannesburg, South Africa with branches in Cape Town, Johannesburg, Durban, and Port Elizabeth, South Africa.

NCS Resins

Private Equity Round in 2005
NCS Resins (Pty) Ltd. manufactures and supplies UPE resins, gelcoats, pigments, epoxy-vinyl ester resins, accessories, and processing equipment. The company offers resins used in blending, body filler, button, casting, chemical resistant, filament winding, fire retardant, isophthalic laminating, marble casting, moulding compounds, orthophthalic laminating, polymer concrete, pultrusion, roof waterproofing, RTM-RIVA-cold press-vacuum infusion, sheeting, solid surface casting, surfboard, and tooling categories, as well as ancillaries, including accelerators, additives, bonding pastes, anti-bubble paste, barrier coat, bulkfill paste, and surface coats. The company also offers unsaturated polyester resins, peroxide catalysts, glassfibre reinforcements, and release agents; health, safety, and environment audits; and engineering services, including plant design, reticulation systems, and plant optimization and troubleshooting. In addition, it exports accelerators, additives, body filler, bonding paste, button resin, gelcoats, laminating resin, moulding compound resin, pigment paste, polishing compounds, release agents, sheeting resin, and surface coat categories. NCS Resins (Pty) Ltd. serves construction and transport sectors, as well as recreation, chemicals, mining, electrical, sanitary ware, fashion, and marine sectors. The company offers its products through distributors in Ghana, Ivory Coast, Kenya, Madagascar, Mauritius, Namibia, Pakistan, the Republic of Yemen, the United Arab Emirates, Zambia, and Zimbabwe, as well as in Africa, Australia, the Middle East, and the Indian Ocean Islands. NCS Resins (Pty) Ltd. was formerly known as NCS Plastics and changed its name to NCS Resins (Pty) Ltd. in 1988. The company was founded in 1907 and is based in New Germany, South Africa.

Industrial Water Cooling

Acquisition in 2011
IWC (Pty) Ltd., originally founded in 1986 as Industrial Water Cooling, specialises in evaporative water cooling and premium, energy-efficient cooling and refrigeration solutions for buildings and industry. IWC are the leaders in industrial cooling tower systems in Africa, offering fully integrated solutions, from industrial cooling towers to building cooling and refrigeration. For nearly two decades IWC have successfully undertaken more than 80% of all natural draft refurbishment work in southern Africa. Clients include heavyweights such as Eskom, Sasol, ArcelorMittal and Foskor. IWC are a long-standing member of the CTI, Cooling Technology Institute, based in the USA. This association has as its members both constructors as well as end users of water cooling towers. The company focus at IWC is based on high quality (ISO 9001-2000 accredited company) and excellent service standards, while maintaining a competitive price structure. IWC’s experienced and knowledgeable staff provides researched, personalised solutions that suit any project size or budget. The company stands for service that is innovative and responsive and always delivers locally relevant, environmentally-considered cooling solutions.

VitalAire S.A

Private Equity Round in 2004
VitalAire S.A is a nationwide provider of respiratory care services and products for patients.

Shaw Controls

Private Equity Round in 2007
Shaw Controls is a leading manufacturer of custom designed low to medium voltage electrical products including Motor Control Centres, Distribution Boards, PLC Panels, Portable Substations.

Universal Paints (Pty) Ltd.

Acquisition in 2016
Universal Paints (Pty) Ltd. manufactures and supplies paints and coatings. The company offers roof acrylic, outdoor acrylic, exterior textured, waterproofing, enamel, wood finish, and pool coating products; urethane floor coatings; primers; super acrylic PVA for interior/exterior applications; and velvet sheen acrylic for interiors. It serves homeowners, professional painters, and the construction industry. The company was incorporated in 1990 and is based in Randburg, South Africa. It has stores in Alberton, Blackheath, Centurion, East Rand, Fourways, Randburg, Kensington, Little Falls, Pretoria, Randpark Ridge, Roodepoort, Silver Lakes, Woodmead, and Wynberg, South Africa.

Medipost Pharmacy

Private Equity Round in 2009
Medipost Courier Pharmacy operates as a courier pharmacy in South Africa. It distributes chronic medication and other healthcare products to its members. The company was founded in 1991 and is based in Pretoria, South Africa.

South African Roll Company

Private Equity Round in 2008
South African Roll Company is a manufacturer of rolls used in steel manufacturing industry.

Zest Electric Motors (Pty) Ltd.

Private Equity Round in 2004
The Zest WEG Group is the leading supplier of low and medium voltage electric motors, variable speed drives, softstarters, switchgear, transformers, MCCs, containerized substations, diesel gensets, and co-generation and energy solutions, as well as electrical and instrumentation engineering and project management services in Africa. The Group is the South African-based subsidiary of WEG, Brazil, a global manufacturer in the electric engineering, power, and automation technology areas. Zest WEG Group operates a strategically situated network of branches and distributors, offering pre- and post-sales support, as well as parts, supply throughout Africa.

Elite Truck Hire (Pty) Ltd.

Acquisition in 2016
Elite Truck Hire provides Short and Long Term Truck Hire including Full Maintenance. Elite group operates in the transport and vehicle rental sectors with the following main businesses: Elite Truck Hire is South Africa’s leading truck hire company providing short and long term truck hire including full maintenance leasing services. Elite Line Haul provides a heavy, long haul distance transport service linking centres throughout South Africa as well as destinations in Zimbabwe, Zambia and Mozambique. Elite Forklift Rentals offers a comprehensive range of forklift trucks on full maintenance leasing and short term rentals.

Pepkor

Private Equity Round in 2004
Pepkor is a South African based investment holding company with retail interests in Africa (where it trades in eleven countries), Australia and Eastern Europe. The group, established in 1965, manages a portfolio of retail chains focused on the value market and selling predominantly clothing, footwear and textiles. Its main operating subsidiaries are Pep and Ackermans in South Africa, Best & Less in Australia and Pepco in Poland. The group trades from more than 3 800 stores and employs close to 32 000 people.

Erbacon Investment Holdings

Acquisition in 2009
Erbacon Investment Holdings provides heavy civil engineering construction, and commercial and industrial building services.

Van Schaiks Bookstore

Acquisition in 2013
Van Schaiks Bookstore supplies and sells academic books and material in South Africa. The company also offers books online. It serves students and lecturers. The company is based in Summerstrand, South Africa. As of December 2, 2013, Van Schaiks Bookstore operates as a former subsidiary of Times Media Group Limited.

ThoroughTec Simulation

Private Equity Round in 2014
ThoroughTec Simulation (Pty) Ltd. designs and develops high fidelity equipment simulators for mining, military, and construction industries. The company offers mining equipment simulators for application in both surface and underground mines under CYBERMINE brand. The company’s military simulators caters to the militaries around the world under the CYBERWAR brand. It offers construction simulators like bulldozers, graders, excavators, and other equipment and machineries under CYBERQUIP brand. The company was founded in 1998 and is based in Durban, South Africa with additional offices in Moscow, Russia; Perth, Australia; Ontario, Canada; Salt Lake City, Utah; Santiago, Chile; and Shanghai, China.

Wekaba Engineering

Acquisition in 2012
Wekaba Engineering (Pty) Ltd. manufactures precision engineered components. It offers adapters, hose fittings, and modulars. The company’s services include CNC turning, CNC milling, CNC tube-bending, copper fusion brazing, annealing, finite element analysis, and more. Its products are used in mining, hydraulic, specialized industrial spares, construction, armaments and defense, earthmoving equipment, and automotive sectors. Wekaba Engineering (Pty) Ltd. was founded in 1981 and is based in Alberton, South Africa.

Industrial Cable Suppliers

Private Equity Round in 2006
Industrial Cable Suppliers is distributes low/medium/high voltage cables and electric wire products.

Ampaglas Holdings

Private Equity Round in 2004
Ampaglas Holdings is manufactures and markets a range of industrial plastic products to the automotive, refrigeration.