Aka Capital | Exited Investments

INVESTMENT PRINCIPLES

Aka Capital prides itself in the expertise that it offers its investee companies, both through the knowledge of the industries in which it operates, and the wealth of investment experience that the principals have gained over the years.

The group's investment philosophy and modus operandi is to:

focus on shareholder value creation;
take an active interest in investee companies;
promote transparent shareholder and governance structures; and
leverage Aka Capital's resource base to the advantage of the companies in which it has invested.

The Aka Capital team has successfully exited the following investments:

Batlhako Mining Limited, a former subsidiary of Samancor Limited, was the owner of the Ruighoek Chrome Mine, situated in the western bushveld of South Africa, approximately two hours drive north west of Johannesburg.

Datacentrix was, at the time of Aka Capital's exit, a JSE listed IT company, and one of the largest in the supply, integration, support and maintenance of IT infrastructure as well as the provision of IT services and solutions.

Koornfontein was an energy coal miner, based in South Africa’s Mpumalanga Province.

Murray & Roberts Cementation is a leading contractor whose main business is mine development, contract mining and mining services. It is recognised as a leading supplier of raise drilling and shaft-boring technology and services and enjoys a strong track record of successful project delivery.

The Aka Capital team was, through Aka Capital (Proprietary) Limited, part of the key business partners of Nedbank in the Nedbank empowerment scheme, concluded in 2005.

Protea was, by the time of the exit by Aka Capital and its investment partners, the largest hotel management group in Africa (by number of hospitality facilities under management). The investment was exited by Aka Capital and its investment partners in April 2014, via a sale to Marriott International, a leading US hospitality group, for R2.02 billion.

Riverside Development Initiative (RDI), a joint venture, represented, through Aka Capital (Proprietary) Limited, the Aka Capital team's entry into property development. RDI developed the Riverside Lifestyle Centre, a commercial and retail development that has become a huge success. The Lifestyle Centre formed part of the Riverside Park Phase II development along the Nelspruit/White River main road, in the same development node as the Mpumalanga government buildings and the Emnotweni Casino complex. The investment was exited to property funds.

SAVCIO was the largest privately-owned provider of maintenance and repair services for rotating electrical equipment and transformers in Africa. The company was bought out of Delta Electrical by a private equity consortium which included Ethos, Actis, Old Mutual and Sphere Holdings in 2005. The investment was fully exited via the sale of Savcio to Actom, which sale concluded in February 2012.

Tsogo Sun Holdings Limited (formerly Gold Reef Resorts Limited) was Southern Africa’s premier gaming, hotel and entertainment group, now unbundled into two separately listed groups: Tsogo Sun Limited (formerly Tsogo Sun Gaming Limited) and Southern Sun Limited (formerly Tsogo Sun Hotels Limited).

Vametco was a vanadium mining operation located near Brits in South Africa's North West province. The company's operations comprised the mining of vanadium bearing ore, extracting vanadium from the ore and processing into value added products, primarily for export to steelmakers worldwide.