Vantage Capital Exits Thebe Timrite

Source(s): Vantage Capital

Africa-focused private credit fund manager Vantage Capital has exited its investment in South Africa-based mining services company Thebe Timrite. The company primarily provides timber-based support structures used in deep-level mining operations in South Africa. Vantage originally provided ZAR89 million (approximately USD8.7 million) in mezzanine financing to Thebe Timrite in 2013 through Vantage Mezzanine II. Financial details of the transaction were not disclosed.