Vantage Capital Raises Mezzanine Fund in Africa, Invests ZAR133 Million in CA Sales (Sub-Saharan Africa)
Source: Vantage Capital
Vantage Capital, a South African specialist fund manager, has closed its second pan-African mezzanine fund at ZAR1.9 billion (approximately US$226 million). Mezzanine Fund II, which received commitments from the Development Bank of Southern Africa, Norfund and 14 pension funds from South Africa and Botswana, will invest in mid-size African companies. In a separate statement, Vantage Capital announced a ZAR133 million (approximate US$16 million) mezzanine investment in South Africa-based CA Sales, which specializes in providing sales, merchandizing, warehousing and distribution services to multinational clients in the fast moving consumer goods industry.