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| Investments |
Private Equity |
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Zico Resources |
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Our Investments |
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Zico is one of the leading privately held investment holding company in South Africa. Our portfolio
of investments, whether held on our Balance Sheet or through our Private Equity business, span across the Outsourced
Services, Automotive, Industrial, Media & Outdoor and Mining & Resources. Since inception, Zico has concluded a significant
number of investments, demonstrating its disciplined investment approach.
"We are a steadily growing entrepreneurial company that invests in businesses with sustainable track record and superior growth potential. Our relationships with our partners are forged on trusted partnerships demonstrated by principled industry leadership."
Tshego Sefolo, Managing Director
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Private Equity
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ZICO CAPITAL
Established in 2007 in conjunction with RMB and Corvest, Zico Capital is a R500m Private Equity Fund which pursues equity
investments across a number of sectors in the South African market. The fund targets established businesses with solid operational
track record and an ability to generate superior returns. Through our Private Equity fund, we are in a strong position to achieve
the following objectives:
- Access to acquisition and growth capital
- Ability to introduce BEE to investee companies
- Access to our robust value-add capabilities
- A trusted investment partner
- Solid operational and business development capabilities
Fund Details
Size of fund:
Nature of fund:
Minimum investment:
Minimum company earnings:
Stage of investment:
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R500m
General
R15m
R20m EBITDA
All except early stage & startups
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Zico Resources
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Founded in 2002, Africa Vanguard Resources (“AVR”) is the mining and resources arm of Zico aimed at holding resources
related investments that meet Zico’s investment criteria.
Our objective is to invest in a limited number of actively and strategically managed investments in precious metals,
bulk commodities and basic resource sectors.
Opportunities for investment by our resources business arise in situations where expansion capital, replacement capital
or acquisition capital is required by corporations. We are well positioned to achieve the following objectives:
- Access to required investment capital
- Significant shareholder value-add in our portfolio of companies
- Ability to introduce BEE to our investee companies
- Ability to effect strategic change or overhaul
- An established and well-respected investment partner with proven track record
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Our Investments
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 | Vital Products
Vital is headquartered in Lagos and has regional offices in 4 other states (Kano, Abuja, Asaba and Kaduna).
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Spring Lights Gas
SLG is a prominent supplier of piped gas to industrial and commercial customers in Kwazulu Natal.
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Provantage
Provantage is an Out of Home media business in South Africa that was established in 2003.
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Innovation Group
Innovation Group is a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries.
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Outdoor Network Ltd
In December 2006 Zico acquired a controlling interest in Outdoor Network (“ONW”), an outdoor
advertising and billboard business.
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Supercare Services Group (Pty) Ltd
This investment was exited in 2012
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Taquanta Investment Holdings
In 2007, together with a Broad Based Consortium, Zico acquired a stake in Taquanta Investment Holdings (TIH), a newly formed black-owned entity, from Nedbank’s three Taquanta
financial services business which were originally founded in 2005, and subsequently moved
out of Nedbank.
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Henkel South Africa
In 2010, through the acquisition of Vuya Investment, Zico acquired interest in
Henkel SA, a subsidiary of Henkel AG, with its headquarters in Dusseldorf, Germany.
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AutoZone
In June 2010 Zico, together with a consortium of RMB Corvest and AutoZone
Management, concluded a leveraged buy-out of AutoZone from Super Group.
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G4S South Africa
G4S (SA), a subsidiary of the London Stock Exchange listed G4S Plc, is the
largest provider of integrated security solutions in the country, with more than 10 000 employees
in South Africa.
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Precrete
In February 2011, Zico acquired a stake in Precrete, a specialist supplier of
shortcreting to the mining industry.
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Debis Fleet Management
Zico, together with a Broad Based Consortium, acquired 35% of Debis Fleet
Management (“dFM”), a subsidiary of Mercedes Benz Financial Services SA.
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Shuter & Shooter
In 2006 zico acquired 35.8% in Shuter and Shooter (“Shuter”). Shuter is
a publisher of both educational and general books.
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TUV Rhineland
In 2010, through the acquisition of Vuya Investment, Zico acquired interest
in TUV Rhineland SA, a subsidiary TUV Rhineland Group, with its headquarters in Cologne, Germany.
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Isikhonyane Cleaning
This investment was exited in 2012
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Qhubeka Forensic Services
Qhubeka has established itself as an influential forensic investigation
service dealing with commercial crime and as such has achieved major successes in the industry.
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Harmony Gold
AVR acquired during 2003 a 26% undivided interest in the mining lease
in respect of the Doornkop Mine from Randfontein Estates Limited.
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Scinta
Zico acquired through Grand Gotland Investments a 49% interest in
Scinta Coal during 2011. Scinta Coal is a newly formed emerging junior coal miner.
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Gold One International
Africa Vanguard Resources (“AVR”), a subsidiary of Zico which is focused
on the mining industry, acquired a 26% interest as part of a Consortium in Gold One’s South
African assets during 2006, which include its flagship mine, Modder East. AVR is the lead in
the Consortium.
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Goliath Gold Limited
Gold One recently spun out some gold development assets from its portfolio
into White Water Resources which was subsequently renamed Goliath Gold.
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Rockwell Diamonds Inc
AVR entered into a series of transactions during 2006 to acquire a 26%
interest in Rockwell’s South African projects.
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Vuya! Investments
Zico aquired a 75% interest in VUYA! Investments (PTY) Ltd, a broad-based,
women-led black empowerment group based in the Western Cape.
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Crazy Slots
Established in 2008 by Zico, Crazy Slots is a Licensed Route Operator
approved by the Gauteng Gambling board to roll out Limited Pay-Out Machines ("LPM") in Gauteng.
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