Vantage Capital and FMO Exit Plastic Polymer Manufacturer Safripol (Sub-Saharan Africa)
Source: Vantage Capital, FMO
Pan-African mezzanine fund manager Vantage Capital and Dutch development bank FMO have exited their ZAR220 million (approximately US$31 million) investment in Safripol, a South Africa-based plastic polymer manufacturer. In 2007, Vantage Capital and FMO funded Thebe Investment Corporation, a South Africa-based black economic empowerment investment company, to acquire a stake in Safripol. Post-transaction, Thebe retains its stake in the company.