Vantage’s Fund II Provides ZAR90 Million in Mezzanine Debt Funding for the Acquisition of Reatile Timrite (Sub-Saharan Africa)

Source: Vantage Capital Group

Vantage Risk Capital, a subsidiary of private equity fund manager Vantage Capital Group, has provided ZAR90 million (approximately US$8.7 million) in mezzanine debt funding for the 100 percent acquisition of Reatile Timrite (Timrite), a South Africa-based supplier of mining support products, by African investment management firm Thebe Investment Corporation and the Timrite management team. Funding for the acquisition also included senior debt financing from Standard Bank and equity financing from Thebe and the management team of Timrite. Vantage will also make expansion capital available to Timrite to fund future growth.