Old Mutual

Old Mutual Limited, established in 1845, is a South Africa-based financial services group offering a wide range of products and services to retail and corporate customers in Africa, Asia, and other regions. The company provides life and savings insurance, property and casualty insurance, asset management, banking, and lending services. It distributes these products through various channels, including independent advisers, branches, bancassurance, direct and digital platforms, and workplaces. Old Mutual's services cater to individuals, small and medium-sized businesses, and corporates, helping them achieve their financial goals while promoting sustainable development.

Lance Grayson

Investment Principal

Rose Keanly

Managing Director

Farhad Khan

Partner

Tebogo Naledi

Managing Director

Chris Potgieter

Portfolio Manager and CEO

Past deals in SADC

Pineapple

Series B in 2023
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.

Pineapple

Series A in 2021
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.

Yazi

Pre Seed Round in 2021
Yazi operates a market research platform designed to transform the landscape of market research in Africa. By utilizing messaging platforms, particularly WhatsApp, which enjoys widespread use in South Africa, Yazi enables targeted surveys that reach challenging audience segments effectively. This approach not only enhances the speed and cost-effectiveness of data collection but also allows for a more personalized research experience. The platform democratizes access to valuable insights and survey data, empowering small businesses and startups to navigate and enter various ecosystems with greater ease.

In2Food Group

Private Equity Round in 2016
In2Food is a South African company specializing in the production and distribution of fresh food and beverage products for both local and international markets. The business offers a diverse portfolio that includes fresh and prepared produce, convenience meals, beverages, fish, juices, snacks, and baked goods. By focusing on quality and convenience, In2Food aims to meet the evolving needs of its customers, providing them with fresh and ready-to-eat options.

TIGER AUTOMOTIVE

Acquisition in 2014
TiAuto Investments (PTY) LTD is the holding company of South Africa’s best-loved brands in the retail and wholesale wheels, tyres, automotive related products and services categories. The TiAuto Investments stable comprises of 7 divisions and 14 brands, all of which share the distinction of being trusted by customers and emulated by their competitors. The divisions place a high value on the loyalty accorded to them by customers and strive continuously to remain deserving of their high regard. This plays out in the form of constant innovation and the relentless pursuit of excellence in all aspects of business. TiAuto Investments aims to enhance the values of the sectors in which we operate while ensuring that the industry as a whole continues to grow and develop further.

Liberty Star Consumer Holdings

Private Equity Round in 2011
Liberty Star Consumer Holdings, established in 2005 and headquartered in Johannesburg, South Africa, operates as an investment holding company in the Fast Moving Consumer Goods (FMCG) sector. The company specializes in various market segments, including perishables, groceries, snacks and confectionery, baking aids, and household and personal care products. With annual net revenues exceeding R7 billion, Liberty Star comprises 28 business units spread across 31 sites in provinces such as Gauteng, Mpumalanga, Kwa-Zulu Natal, Western Cape, and Eastern Cape. The company serves the food service industry, private label segments of larger retailers, and brand owners, while also offering its own branded products. Its extensive manufacturing and distribution capabilities allow it to meet diverse customer needs both locally and globally.

IDWALA

Private Equity Round in 2009
Idwala is an environmentally and socially responsible company, focused on industrial minerals and lime niche markets. The company consists of a corporate Head Office based in Honeydew and two divisions comprising Lime and Industrial Minerals which are located as follows : Idwala Lime in Danielskuil, Northern Cape Idwala Lime in Powerville, Vereeniging Idwala Industrial Minerals based in Benoni Idwala Magnetite based in Phalaborwa Idwala Carbonates in Port Shepstone, Natal Idwala Sales and Marketing, the marketing arm of the company has four operations- Benoni, Durban, Port Shepstone and Cape Town.

Tourvest Group

Acquisition in 2008
Tourvest Group is a South African tourism company that provides a comprehensive array of services tailored to meet the needs of visitors to Southern Africa. Founded in 1997, the company operates over 60 brands, including travel management firms, hotels, lodges, restaurants, and retail outlets for crafts, curios, and jewelry, employing more than 5,000 people. Tourvest's operations extend beyond South Africa, covering regions in Southern, East, and West Africa, as well as India, the United Kingdom, Spain, and the Caribbean. The company focuses on optimizing corporate travel expenditures through preferential rates and bulk discounts, and it supports clients with decision-making and compliance through real-time management information systems.

Life Healthcare Group

Acquisition in 2005
Life Healthcare Group is a prominent healthcare organization based in South Africa, recognized for its commitment to delivering high-quality medical services. The company operates through several segments, primarily focusing on hospitals and complementary services, which account for the majority of its revenue. Its offerings include a range of healthcare services such as mental healthcare, acute rehabilitation, renal dialysis, and oncology. Additionally, Life Healthcare is involved in growth initiatives that emphasize clinical quality products and outpatient services. As a black economic empowered entity, Life Healthcare prioritizes not only clinical excellence but also the personal needs of patients and their families, fostering a holistic approach to healthcare that embodies its core values of life, health, and care.

Pepkor Holdings

Private Equity Round in 2004
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.

Foodcorp

Acquisition in 2004
Foodcorp is a manufacturer and distributor of a wide range of food products, specializing in both branded and private label offerings. The company produces essential grocery items as well as premium desserts and convenience meals. With a focus on ready-to-eat options, Foodcorp markets and distributes products that cater to diverse consumer needs, including staples and popular meals in South Africa. Through its food production platform, Foodcorp aims to deliver quality and convenience to its customers.
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