Tamela Capital raises R620 million to fund mid-market companies

By Dieketseng Maleke 2h in the past

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Independent fund supervisor Tamela Capital Partners has introduced that the Tamela Mezzanine Debt Fund 1 has reached R620 million.

The fund’s goal is to finance mid-market companies that want to develop their companies, enter new markets and speed up development by means of increasing operations or consummating strategic acquisitions.

Tamela Capital Partners, a subsidiary of Tamela Holdings, describes itself as a credit-oriented different asset administration agency in Sub-Saharan Africa, with a concentrate on delivering engaging risk-adjusted returns and capital preservation for his or her buyers.

“Tamela initially raised R420m in 2019 when it launched. Investors in the Tamela Mezz debt fund are pension and retirement funds and life insurance companies,” the company stated.

Tamela managing director Sydney Mhlarhi stated the company sought to improve the capital fund “urgently”.

“We have a good pipeline of transactions that are at various stages of evaluation. We are targeting a final close of R1 billion in the upcoming months,” he stated.

According to the company, the fund supplied capital starting from R50m to R150m per investee company, giving entrepreneurs different financing choices and strategic help.

“Tamela provides capital for companies that are entrepreneur-partnering transactions, in which capital is provided in support of established entrepreneurs. The fund provides funding for BEE transactions and buys and builds opportunities,” it stated.

The company stated whereas it funded companies based mostly anyplace in South Africa, the fund’s mandate allowed it to make investments a most of 20% of whole funds in Lesotho, Swaziland, Namibia and Botswana.

According to Tamela, it lends to companies which have income that’s larger than R100m, worth proposition, recognized natural development, excessive free money circulation technology, and money conversion charges.

Companies that search to apply for funding ought to ship an e mail to information mail: [email protected]


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