Kagiso Tiso Holdings

"Investment Approach

KTH (through its legacy companies KTI and Tiso), boasts a track record of investment performance and creating long term sustainable shareholder value. Historically, the group’s impeccable BEE credentials allowed them to partner with strong companies (as an empowerment partner) and assisted those companies to create wealth for all shareholders. As a result, KTH currently has a portfolio of investments comprising market leading companies across key sectors. With the creation of KTH, the group is now poised to leverage this experience to become a leading investment company across Africa.

KTH focusses on investing in companies in specific sectors with strong, involved management teams. We aspire to become active shareholders of reference in our portfolio companies, through participation at board level and the various sub-committees. These companies are generally, high growth or cash generative and meet our investment criteria of inter alia generating market related returns for KTH. We maintain a long term horizon and can therefore partner with companies through-out cycles without any pressure to exit.

KTH sees the African continent at its primary market and will seek to manage a portfolio spanning across various sectors on the continent.

We adhere to the strictest code of ethical and professional conduct as an organization and ensure that through our participation in various corporate governance structures of our investee companies, the highest standards of corporate governance are adhered to. KTH believes it can be a catalyst for the transformation of our society by assisting to drive a broad based transformation agenda in our portfolio companies. We are equally proud of the charitable work and social agenda of our key shareholders and seek to invest in companies that share these values..."

http://www.kagiso.com/about.php

Tana Africa Capital

Tana Africa Capital is an Africa-focused investment company founded by E. Oppenheimer & Son International Ltd and Temasek. Through the medium of capital and business building support, Tana aims to build African business institutions for generations to come. In doing so, Tana is able to draw on the rich heritage, vast experience and extensive networks of its founding shareholders as well as the on-the-ground African knowledge and operating experience of its management team. Like its namesake, Ethiopia’s Lake Tana (the source of the Blue Nile), Tana aims to serve as a fount of development, leaving an enduring, tangible and positive legacy on the businesses which it supports.

Investment Approach

Tana’s investment approach is predicated on the following three core principles:

Active Investment Management

Tana is an active, value orientated investor that engages positively and in a collaborative fashion with the boards and management of the companies in which it invests. Tana prioritises the institutionalisation of business practices such as business leadership, financial discipline, operational excellence and sound corporate governance. In doing so, it is able to draw on its investment team’s deep experience in strategy and operations across Africa.

Long-Term Investment Focus

The value-adding, partnership approach is supported by the fact that Tana limits the number of companies in which it invests, focusing its efforts on companies that can serve as platforms for domestic and regional expansion. Developing such enduring businesses will, at times, require the adoption of lengthy investment time horizons. The flexibility that Tana has in terms of investment holding periods originates from the fact that it has been established as an evergreen investment company and has as its founding shareholders investors that have achieved great success from eschewing the short termism that dominates much of the investment world.

Clear Sector Focus

Tana’s investment activities are focused on two primary sectors: Consumer and Agriculture. This clear sector focus brings with it deep industry expertise and extensive networks, greatly enhancing the positive impact that Tana can have on the companies in which it invests. 

Focus Sectors and Investment Criteria

Tana invests between US$20 million and US$75 million to acquire significant minority or control equity positions in established businesses across Africa that operate within the Consumer and Agriculture sectors.

Consumer Focus

Companies well positioned to meet the consumption needs of Africa’s young, energetic and growing population are core to Tana’s Consumer sector focus. There is tremendous economic and social value in satisfying the food, beverage and personal care consumer good needs of the African populace, providing the building materials required to house the growing number of households, and offering the logistical support needed to produce and deliver these goods.

Within the Consumer sector, Tana focuses its efforts on:

• Food, beverage and personal care fast moving consumer goods
• Building materials
• Retail
• Logistics

We also consider select opportunities in Consumer Financial Services, Media, Healthcare and Education.

Agriculture Focus

Africa, which has the largest reservoir of undeveloped arable land in the world, will play a pivotal role in the decades ahead in ensuring that the food requirements of a rapidly growing world population are met. Tana will be there to support the development of the crucial Agriculture sector, investing along the agricultural value chain from agricultural inputs (fertilizer, crop protection and equipment) to downstream opportunities in processing, storage and logistics.

Investment Criteria

Tana has a preference for companies operating in these sectors that have the following characteristics:

• Talented and visionary entrepreneur/majority shareholder/management team
• Large, addressable and rapidly growing market
• Minimal public sector dependency
• Attractive industry structure with proven, profitable and sustainable business model
• Highly scalable business with standardised and repeatable processes
• Internal expansion opportunities, as well as potential for add-on acquisitions
• Distinct competitive advantage driving strong market position
• Clearly identifiable and implementable levers for value creation
• Appropriate corporate governance

AGRI-VIE

"A catalyst for sustainable growth in Sub-Saharan Africa.

Agri-Vie is a private equity investment fund focused on food and agribusiness in Sub-Sahara Africa, a foundational sector of the continent’s economies. Agri- Vie harnesses private equity investment disciplines to generate above-average investment returns, while also addressing development impact challenges.

Initiated by the Agri-Vie investment team and Sanlam Private Equity with the cooperation of South African and international investors as well as the Makotulo Consortium, Agri-Vie has consistently grown its role as a trusted investment partner in food & agribusiness.

Since inception in 2008, we’ve invested USD 100m in the food and agribusiness sector. Recognising value, or the potential for value, is our business. This ability, combined with the right mix of capital, time and business building expertise, enables us to unlock value for investors, while positively impacting on communities and their environment..."

 http://agrivie.com/