Hi guys
One of our members is seeking some short-term financing for a vehicle leasing business.
Minimum financing lot size - R100k.
On R300k they are paying prime plus 4% - repayable with bullet payment in 3-months or 6 months up to 500k at prime +4% bullet repayment.
This is neither an offer, solicitation or recommendation from me - it is public service announcement to try and assist our community. If you would like further information please e-mail me (marc@rival.co.za) or contact me on 082-561-1585 and I will put you in contact with the entrepreneur.
Regards,
Marc Ashton
Showing posts with label South Africa. Show all posts
Showing posts with label South Africa. Show all posts
Friday, November 13, 2009
Thursday, September 17, 2009
What VC firms in Cape Town are getting right
ONE of the regular complaints I hear as a financial journalist is that South Africa doesn't have a culture of investing in start-ups or promising entrepreneurs.
And yet venture capitalists argue there simply aren't enough businesses in which to invest; that they are crying out for investment opportunities.
Read the rest of this column on Fin24.com
And yet venture capitalists argue there simply aren't enough businesses in which to invest; that they are crying out for investment opportunities.
Read the rest of this column on Fin24.com
Wednesday, June 3, 2009
Evolution One Fund secures ZAR 100 million from first African investor
The Board of Directors of the African Development Bank Group (AfDB) approved a ZAR 100 Million equity investment in the Evolution One Fund on Wednesday 27th May 2009, the first specialised private equity fund focused on the acceleration and deployment of clean energy and sustainable technologies across southern Africa to mitigate the effects of climate change on the Continent. Evolution One Fund has already raised USD54m in cornerstone capital commitments from four international investors and the AfDB investment will substantively augment this capital pool.
The Evolution One Fund will make equity and equity-related investments in sustainable projects and companies with the aim of not only achieving carbon reductions but also ensuring the sound environmental, social and economic performance of these investments. The Fund will seek to invest predominantly in growth-phase businesses, particularly in eight high-growth sectors namely clean energy/energy efficiency (up to 50% of its investments), efficient and clean manufacturing processes and technologies (“cleaner production”), air quality and emissions control, water quality and management, waste management, agribusiness and forestry, natural products, organics and natural health and environmental real estate. South Africa will account for 60-75% of the Fund’s overall investments, while up to 25-40% will be earmarked for all other Southern African Development Community (SADC) countries.
Climate change is a crosscutting theme for the African Development Bank with a focus on supporting clean energy investments and infrastructure, as set out in the Bank’s Medium Term Strategy 2008-2012, as well as its Clean Energy Investment Framework (CEIF), which underscores the Bank Group’s increased support to clean energy projects. The Evolution One Fund will be the Bank’s first investment in a fund with a specific focus on clean energy and technology investments. The investment therefore supports an innovative vehicle that will boost economic activity in this emerging field, and contribute to the development of sustainable private sector enterprises.
The Evolution One Fund will make equity and equity-related investments in sustainable projects and companies with the aim of not only achieving carbon reductions but also ensuring the sound environmental, social and economic performance of these investments. The Fund will seek to invest predominantly in growth-phase businesses, particularly in eight high-growth sectors namely clean energy/energy efficiency (up to 50% of its investments), efficient and clean manufacturing processes and technologies (“cleaner production”), air quality and emissions control, water quality and management, waste management, agribusiness and forestry, natural products, organics and natural health and environmental real estate. South Africa will account for 60-75% of the Fund’s overall investments, while up to 25-40% will be earmarked for all other Southern African Development Community (SADC) countries.
Climate change is a crosscutting theme for the African Development Bank with a focus on supporting clean energy investments and infrastructure, as set out in the Bank’s Medium Term Strategy 2008-2012, as well as its Clean Energy Investment Framework (CEIF), which underscores the Bank Group’s increased support to clean energy projects. The Evolution One Fund will be the Bank’s first investment in a fund with a specific focus on clean energy and technology investments. The investment therefore supports an innovative vehicle that will boost economic activity in this emerging field, and contribute to the development of sustainable private sector enterprises.
Wednesday, May 13, 2009
IDC CONCLUDES EUR 60M LOAN WITH EUROPEAN INVESTMENT BANK
The Industrial Development Corporation of South Africa Limited (IDC) has received a EUR 60 million credit line from the European Investment Bank (EIB) to finance private sector small and medium sized enterprises. The funds will support viable projects undertaken by small and medium enterprises businesses in the industrial, resources and services sectors.
The agreement was signed in March 2009.
EIB Vice President Plutarchos Sakellaris, who is responsible for lending operations in South Africa, said: “This loan is a strong signal of the EIB’s commitment to supporting the private sector and encouraging the creation of employment in South Africa. Moreover, the Bank is confident that by working in partnership with the Industrial Development Corporation we can help to stimulate the South African financial markets by diversifying IDC’s funding base and enhancing the provision of finance to SMEs.”
Commenting about the loan, Qhena said the line of credit will improve access to funding SMEs in the country.
“This credit could not have come at a more opportune time when the cost of raising funds is extremely high given the market volatility and the liquidity crisis,” Qhena said.
“We are particularly pleased that this loan will further enhance our commitment to development finance and addressing market failures.”
“IDC’s expertise in project evaluation ensures that the EIB funds are directed towards projects which promote economic growth and job creation, as well as being environmentally and socially sustainable.”
The IDC’s relationship with the EIB dates back to the mid ‘90s and over the years provided four credit lines totalling about EUR 165 million to IDC for private sector small businesses in South Africa.
The agreement was signed in March 2009.
EIB Vice President Plutarchos Sakellaris, who is responsible for lending operations in South Africa, said: “This loan is a strong signal of the EIB’s commitment to supporting the private sector and encouraging the creation of employment in South Africa. Moreover, the Bank is confident that by working in partnership with the Industrial Development Corporation we can help to stimulate the South African financial markets by diversifying IDC’s funding base and enhancing the provision of finance to SMEs.”
Commenting about the loan, Qhena said the line of credit will improve access to funding SMEs in the country.
“This credit could not have come at a more opportune time when the cost of raising funds is extremely high given the market volatility and the liquidity crisis,” Qhena said.
“We are particularly pleased that this loan will further enhance our commitment to development finance and addressing market failures.”
“IDC’s expertise in project evaluation ensures that the EIB funds are directed towards projects which promote economic growth and job creation, as well as being environmentally and socially sustainable.”
The IDC’s relationship with the EIB dates back to the mid ‘90s and over the years provided four credit lines totalling about EUR 165 million to IDC for private sector small businesses in South Africa.
Saturday, January 31, 2009
Anyone want R50m in venture capital?
Anyone want R50m in venture capital?
Yeah I thought that might get your attention. Had a pretty interesting week with two Venture Capital firms coming up to me - out of the blue - and asking if had any ideas where they can invest funds.
I get to chat to quite a few Venture Capital and Private Equity guys in my spare time and there seems to be a growing theme - "We've got a lot of money sitting on the sidelines and we just can't find anywhere to invest it in SA."
Both firms had problems trying to find places to invest their money - if they go with mass market advertising they get swamped by applications that simply takes too long to work through so they're trying to find smarter ways to find deals.
So I guess I'm throwing it out to the SA entrepreneurs blogosphere - any decent ideas out there for some sizeable investments where guys are open to venture capital or private equity deals?
If you've got some ideas feel free to drop me a 2 page motivation on marc@rival.co.za and we can take it from there....
Wednesday, October 15, 2008
Coast2Coast
I had a meeting with the guys from Coast2Coast this evening. They are an up and coming private equity firm which is actively seeking investments in South African Fast Moving Consumable Goods (FMCG) sector.
The company is looking for established businesses - preferably with a 10 to 15 year operating history and strong brands to take majority equity stakes in the business.
For further information please contact Cris Dillon or Gary Shayne on 021 701 2232 or visit www.coast2coast.co.za
Sunday, September 14, 2008
Plug your Venture Capital requirements
The thinking behind the SA VC Strategist blog is to try and establish something of a South African Venture Capital community for venture capitalists / investors to meet with potential business plans.
Personally I think it is one of the reasons that the internet is such a powerful tool. People looking for funds can throw a business idea out there and venture capitalists or investors can assess the options available to them.
With a bit of luck some deal flow can be generated if a decent venture capital community can be established. My personal opinion is that start-up / venture capital goes WAY beyond just askng for a hand out. I think the management skills needed to get the business off the ground are even more important than the money, which is why I think we'd like to focus on with this blog.
But for the mean time - COMMUNITY BUILDING IS THE NAME OF THE GAME...
So for that reason, I'm inviting South Africans who believe they have a good business idea but need some Venture / Start up capital to have a plug for business in the comment section of this blog and maybe tell our readers a bit about your idea, the kind of capital you are trying to look at and what skills you have / need and what kind of money you are looking for.
We don't want your whole business plan!
I read somewhere that if you can't sell your business in 200 words or less then your business plan isn't all that important. Maybe that should be the challenge!
Post your business ideas below and lets see what we can build up as we go along...
Personally I think it is one of the reasons that the internet is such a powerful tool. People looking for funds can throw a business idea out there and venture capitalists or investors can assess the options available to them.
With a bit of luck some deal flow can be generated if a decent venture capital community can be established. My personal opinion is that start-up / venture capital goes WAY beyond just askng for a hand out. I think the management skills needed to get the business off the ground are even more important than the money, which is why I think we'd like to focus on with this blog.
But for the mean time - COMMUNITY BUILDING IS THE NAME OF THE GAME...
So for that reason, I'm inviting South Africans who believe they have a good business idea but need some Venture / Start up capital to have a plug for business in the comment section of this blog and maybe tell our readers a bit about your idea, the kind of capital you are trying to look at and what skills you have / need and what kind of money you are looking for.
We don't want your whole business plan!
I read somewhere that if you can't sell your business in 200 words or less then your business plan isn't all that important. Maybe that should be the challenge!
Post your business ideas below and lets see what we can build up as we go along...
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