Makalani Management Company

Makalani Management Company (Pty) Ltd, founded in 2005 and headquartered in Johannesburg, South Africa, is a private equity firm specializing in mezzanine financing. The firm manages a significant mezzanine asset portfolio and focuses on deal origination, debt structuring, and portfolio management. Makalani primarily invests in Black Economic Empowerment transactions, targeting large corporate projects, transformational infrastructure, affordable housing, small, medium, and micro-enterprise development, and emerging agriculture, in alignment with the Financial Sector Charter. With a minimum investment threshold of R25 million, the firm predominantly utilizes mezzanine instruments and subordinated debt, although it can also engage in other financial instruments. Currently, Makalani is in the process of raising capital for a second mezzanine fund, aiming to enhance its investment capacity. The firm has established a presence in multiple locations, including an office in Windhoek, Namibia, and London, United Kingdom, and is focused on generating returns for its investors through strategic investment exits within a defined timeframe.

Hemal Naran

Partner

25 past transactions

Tsogo Sun

Private Equity Round in 2008
No visit to Cape Town could feel as majestic as a stay at Southern Sun The Cullinan. This stylish hotel is ideally situated within walking distance of the Cape Town Convention Centre, the Cape Town Central Business District and one of Africa’s most visited destinations, the V&A Waterfront. The hotel itself is an opulent creation that has all the luxuries that create a mood of grandeur. The stylish decor of every room compliments the panoramic views across Cape Town, the harbour and of course, Table Mountain.

Midas Group

Private Equity Round in 2008
Midas sells branded, guaranteed, quality parts at competitive prices to its nationwide preferred customer base through a national distribution channel. These products are distributed to more than 300 franchisees and other independent spares shops, workshops, fleets, chain stores and engineering shops.

Servest Group

Private Equity Round in 2008
Servest is a facilities management organization that delivers integrated solutions across various sectors in Africa. The company specializes in a range of services, including energy management, security, catering, waste management, and concierge services. Additionally, Servest offers ground maintenance, interior landscaping, washroom services, and pest control. By providing these comprehensive facilities management services, Servest helps clients streamline operations, enhance workforce efficiency, and reduce carbon footprint, ultimately simplifying their business complexities.

Lereko

Private Equity Round in 2008
Welcome to Lereko Investments (Pty) Ltd. Established in July 2004, Lereko believes that it is ideally suited to be a significant black-owned and black-led investment house in South Africa with the credentials and intent to play a ground-breaking role in the transformation of the local economy and for its neighbours in Africa. The primary ambition is to build and grow Lereko into a relevant investment institution that will succeed beyond the original vision and personality of its founders and be known as a fair, ethical and value-adding partner in all its business dealings.

Tourvest Group

Private Equity Round in 2008
Tourvest is a tourism group that offers a range of products and services that encompasses the needs of visitors to Southern Africa. It operates businesses that range from travel management companies, hotels, lodges, and restaurants to craft, curio and jewelry shops, and foreign exchange bureaux, under some 60 sector-leading brands, employing more than 5 000 people. The company was founded in 1997 through the incorporation of a number of long-established tourism companies. It is based in South Africa and is a global business, with operations in Southern, East and West Africa, India, the United Kingdom, Spain, and the Caribbean, as well as having principals, associates and clients throughout the world.

WDB Group

Private Equity Round in 2008
WDB Investment Holdings Pty Ltd. is a private equity investment firm based in Gauteng, South Africa, established in 1996. It focuses on equity investments aimed at repatriating profits to support the WDB Group's social development initiatives. The company primarily invests in various sectors, including food and agriculture, real estate, media, technology, education, renewable energy, healthcare, and manufacturing. WDB Investment Holdings is particularly dedicated to empowering women, especially in rural areas, by facilitating their participation in microenterprises and providing business training and ownership opportunities. The firm typically invests in micro and small businesses, offering debt investments ranging from R0.05 million to R0.4 million. With a commitment to economic empowerment and social upliftment, WDB Investment Holdings actively promotes skills transfer and encourages women’s representation in decision-making roles within its portfolio companies. Through its integrated approach, the firm has a 25-year track record of implementing high-impact socio-economic programs that significantly improve the lives of marginalized communities.

Fuel (South Africa)

Funding Round in 2007
Fuel is a logistics services group whose core businesses are centred on the provision of customised solutions integrating e-commerce and IT with a logistics infrastructure.

Gold Reef Resorts Limited

Private Equity Round in 2007
Gold Reef Resorts Limited, a gaming and entertainment company, operates resorts and entertainment complexes.

Convergence Partners

Private Equity Round in 2007
Convergence Partners is an investment firm established in 2006, specializing in the technology and digital sectors across sub-Saharan Africa. The company identifies and develops private equity and infrastructure opportunities, primarily focusing on the telecom sector. By acting as value-adding partners, Convergence Partners aims to enhance the growth and development of its investments, contributing to the advancement of the technology landscape in the region.

Gautrain Management Agency

Private Equity Round in 2007
The Gautrain Management Agency (GMA) in an entity of the Gauteng Provincial Government (GPG).

Tongaat Hulett

Post in 2007
Tongaat Hulett is an agriculture and agri-processing business, focusing on the complementary feedstocks of sugarcane and maize.

Exxaro Resources

Private Equity Round in 2007
Exxaro Resources Limited is one of the largest diversified South African-based resources groups.

Emira Property Fund

Post in 2007
Emira Property Fund is a diversified real estate investment trust based in South Africa, with a property portfolio that includes office, retail, industrial, and residential assets. The majority of its properties are located in Gauteng, with additional holdings in the Western Cape and KwaZulu-Natal. Since its listing on the Johannesburg Stock Exchange in November 2003, Emira has focused on enhancing the quality and value of its portfolio to support distribution growth for its shareholders. The company pursues this goal through selective acquisitions, disposals, and property enhancements such as refurbishments and redevelopments, all grounded in strict investment criteria aimed at improving portfolio performance.

Shanduka

Private Equity Round in 2006
Shanduka Group operates as an investment holding company with a diverse portfolio that includes both listed and unlisted companies. The firm has significant investments in various sectors, including resources, food and beverage, financial services, energy, telecommunications, property, and industrial sectors. Shanduka focuses on partnering with firms that have demonstrated profitable earnings and strong management teams capable of driving transformation. The company's commitment to empowerment and transformation is reflected in its broad-based ownership structure, which includes trusts that support education and small business development initiatives. Through its strategic investments, Shanduka aims to foster growth and sustainability across its various sectors.

Servest Group

Private Equity Round in 2006
Servest is a facilities management organization that delivers integrated solutions across various sectors in Africa. The company specializes in a range of services, including energy management, security, catering, waste management, and concierge services. Additionally, Servest offers ground maintenance, interior landscaping, washroom services, and pest control. By providing these comprehensive facilities management services, Servest helps clients streamline operations, enhance workforce efficiency, and reduce carbon footprint, ultimately simplifying their business complexities.

Sandown Motor Holdings

Private Equity Round in 2006
Sandown Motor Holdings, formerly known as Sandown Motors (Pty) Ltd, is an automotive company and a dealer network for commercial vehicles. The company was founded in 1982 and is headquartered in Bryanston, South Africa.

Exxaro Resources

Private Equity Round in 2006
Exxaro Resources Limited is one of the largest diversified South African-based resources groups.

Mvelaphanda Group

Private Equity Round in 2005
Mvelaphanda Group offers mining and marketing of platinum group metals; publishes national, regional, and community newspapers.

Life Healthcare

Private Equity Round in 2005
Life Healthcare is a prominent healthcare organization based in South Africa, recognized for its commitment to providing high-quality medical services. As a black economic empowered company, it operates a diversified range of services, primarily through its hospitals and complementary services segment, which generates the majority of its revenue. Life Healthcare's offerings include mental healthcare, acute rehabilitation, renal dialysis, and oncology. Additionally, the company is involved in growth initiatives that focus on clinical quality products and outpatient services. Emphasizing the importance of well-being, clinical excellence, and compassionate care, Life Healthcare strives to meet the personal needs of patients and their families while maintaining high standards in healthcare delivery.

Nampak

Private Equity Round in 2005
Nampak Limited is a prominent manufacturer and supplier of a diverse range of packaging products across various sectors in South Africa and internationally. The company produces metal, plastic, and paper packaging solutions, including HDPE and PET bottles, aluminum cans, tinplate food cans, and beverage cartons for industries such as food and beverage, personal care, and agriculture. Nampak also manufactures specialized products like corrugated boxes, folding cartons, and tissue products. Its glass division, Nampak Glass, focuses on producing both returnable and non-returnable glass bottles for the alcoholic beverage, soft drink, and food industries. Founded in 1968 and headquartered in Sandton, South Africa, Nampak operates with a commitment to serving a wide array of markets, including dairy, bakery, and chemicals, while also catering to the needs of various commercial sectors.

FirstRand Limited

Private Equity Round in 2005
FirstRand Limited provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers in South Africa and various African countries. The Company consists of a portfolio of financial services franchises, including First National Bank (FNB), a retail and commercial bank; Rand Merchant Bank (RMB), a corporate and investment bank; WesBank, its installment finance business, and Ashburton Investments, its investment management business

Gold Fields

Post in 2005
Gold Fields Ltd is a prominent producer of gold, with significant reserves and resources located in South Africa, Ghana, Australia, and Peru. In addition to gold, the company also produces copper in Peru. It engages in both underground and surface mining operations, including sites such as St. Ives, Agnew, Granny Smith, South Deep, Damang, Tarkwa, and Cerro Corona. Gold Fields is involved in various related activities, encompassing exploration, extraction, processing, and smelting of gold, copper, and silver. The company's revenues primarily stem from the sale of the gold it produces, reflecting its focus on the mining sector and its commitment to resource development.

Metropolitan

Private Equity Round in 2005
Metropolitan, a division of MMI Holdings, is a financial services company providing long-term insurance solutions and health administration.

Mondi

Private Equity Round in 2005
Mondi Limited is an international manufacturer of packaging and paper products, operating across various global markets including Africa, Europe, North America, South America, Asia, and Australia. The company specializes in a diverse range of products, including flexible packaging, bags and pouches, personal care components, release liners, technical films, corrugated packaging, and various types of paper such as specialty kraft and containerboards. Mondi serves multiple industries, including agriculture, automotive, food and beverages, medical, and retail, among others. Established in 1967 and headquartered in Johannesburg, South Africa, Mondi has a strong focus on its flexible packaging segment, which is the primary source of its revenue. The company operates as a subsidiary of Mondi plc.
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