Investment Strategy

  • Geographic focus is mainly South Africa with selective consideration of very attractive opportunities in the rest of Africa, where the executive and D Capital shareholders have networks and experience
  • Focus on mid cap markets and thereby increasing BEE participation in a sector. D Capital believes the mid-market sector in South Africa represents a highly compelling private equity opportunity
  • Initial sector focus will be on the following sectors: Pharmaceuticals and healthcare, Agro processing, Engineering and B to B services, Manufacturing and Consumer
  • Unlisted companies with well-established market niches, successful track records and strategies that support the prospect of growth and high returns
  • Seasoned and highly motivated management teams
  • Important that management and D Capital work well together and that management are appropriately incentivized / co invested
  • D Capital should be able to add demonstrable value and therefore requires a shareholding in the business that would give it significant influence
  • Family owned businesses in named industries where owners want to partially exit and/or need BEE shareholding
  • Exclude companies with less than 5 years of operating history and companies that are highly capital-intensive