Old Mutual Investment Group

Old Mutual Investment Group, founded in 1845 and headquartered in Pinelands, South Africa, is a diversified financial services organization that provides a wide array of financial solutions. It caters to individuals, small and medium-sized enterprises, and corporate clients, offering products that include life assurance, short-term insurance, loans, and banking services. Additionally, Old Mutual offers investment management services, focusing on sustainable investment strategies that address challenges such as climate change and social equity. The group is recognized as the largest Africa-domiciled asset manager, leveraging its extensive experience to manage substantial assets on behalf of its clients, while also providing unit trusts and property development services.

Rose Keanly

Managing Director

Tebogo Naledi

Managing Director

Chris Potgieter

Portfolio Manager and CEO

22 past transactions

Pineapple

Series B in 2023
In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest and cover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to many Pineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.

CoverGo

Series A in 2022
CoverGo is a no-code insurance platform designed for property-and-casualty, health, and life insurance companies. It allows these companies to quickly build and launch a wide range of insurance products while facilitating omnichannel distribution and digitizing policy administration and claims processes. The platform is distinguished by its modular and configurable nature, enabling insurers to adapt and innovate products efficiently. CoverGo leverages hundreds of open insurance APIs to enhance connectivity and automate various insurance operations, making it more flexible and adaptable than traditional systems. This approach supports insurance companies in their digital transformation efforts, helping them to operate more effectively and cost-efficiently.

Long4Life

Acquisition in 2022
Long4Life operates as an investment firm. Long4Life plans to invest primarily in businesses with attractive growth prospects, led by strong, entrepreneurial-minded management teams. The Board, who collectively have a wealth of operational and deal-making experience across various industries, will be responsible for capital allocation and will play an active role in identifying and executing approving attractive investment opportunities.

Gala Macs

Venture Round in 2021
Gala Macs is an agricultural company engaged in the production of macadamia nuts.

Pineapple

Series A in 2021
In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest and cover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to many Pineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.

Yazi

Pre Seed Round in 2021
Yazi operates a market research platform designed to transform the landscape of market research in Africa. By utilizing messaging platforms, particularly WhatsApp, which enjoys widespread use in South Africa, Yazi enables targeted surveys that reach challenging audience segments effectively. This approach not only enhances the speed and cost-effectiveness of data collection but also allows for a more personalized research experience. The platform democratizes access to valuable insights and survey data, empowering small businesses and startups to navigate and enter various ecosystems with greater ease.

Medhold Medical

Acquisition in 2018
Medhold operates as a private clinical laboratory and supplier of medical devices and technology, primarily serving the healthcare sectors in Belgium, the Netherlands, and Southern Africa. The laboratory conducts a wide array of analyses, including bio-and immunochemistry, immunology, hematology, microbiology, anatomic pathology, molecular biology, radioisotopes, toxicology, and veterinary medicine. Its clientele consists of general practitioners, hospital laboratories, industrial medicine services, and veterinarians. In addition to laboratory services, Medhold provides comprehensive medical device solutions, including product design, sales, and after-sales support, aimed at enhancing the quality and affordability of healthcare products for its customers.

In2Food

Private Equity Round in 2016
In2food is a South African based business providing convenient and fresh quality food products to local and international customers.

MoreCorp

Acquisition in 2015
MoreCorp is a business focused on sports, leisure, and wellness, primarily in the areas of golf and cycling, supported by technology. The company operates retail chains that cater to golfers and cyclists, offering a diverse selection of gear and apparel from leading sports brands. In addition to retail, MoreCorp provides themed golf parks, enhancing the customer experience by offering access to a comprehensive range of equipment and accessories.

TIGER AUTOMOTIVE

Acquisition in 2014
TiAuto Investments (PTY) LTD is the holding company of South Africa’s best-loved brands in the retail and wholesale wheels, tyres, automotive related products and services categories. The TiAuto Investments stable comprises of 7 divisions and 14 brands, all of which share the distinction of being trusted by customers and emulated by their competitors. The divisions place a high value on the loyalty accorded to them by customers and strive continuously to remain deserving of their high regard. This plays out in the form of constant innovation and the relentless pursuit of excellence in all aspects of business. TiAuto Investments aims to enhance the values of the sectors in which we operate while ensuring that the industry as a whole continues to grow and develop further.

10X Investments

Private Equity Round in 2014
10X Investments provides a full range of services and products to retirement investors.

Liberty Star Consumer Holdings

Private Equity Round in 2011
Libstar was founded in 2005 as an investment holding company investing in companies operating in the Fast Moving Consumer Goods (FMCG) industry. The company focuses on the food, beverage, household, and personal care segments of the market. Headquartered in Johannesburg, South Africa, Libstar has annualized net revenues in excess of R7bn. The group consists of 28 business units that operate nationally across 31 sites located in Gauteng, Mpumalanga, Kwa-Zulu Natal, Western Cape, and Eastern Cape provinces. Libstar offers its customers a wide range of products with the convenience of a single supplier with a nationwide presence, and distribution and manufacturing capacity. The group concentrates on supplying the needs of the foods service industry, private label segments of larger retailers and the manufacturing of products for brand owners, as well as its own branded products.

IDWALA

Private Equity Round in 2009
Idwala is an environmentally and socially responsible company, focused on industrial minerals and lime niche markets. The company consists of a corporate Head Office based in Honeydew and two divisions comprising Lime and Industrial Minerals which are located as follows : Idwala Lime in Danielskuil, Northern Cape Idwala Lime in Powerville, Vereeniging Idwala Industrial Minerals based in Benoni Idwala Magnetite based in Phalaborwa Idwala Carbonates in Port Shepstone, Natal Idwala Sales and Marketing, the marketing arm of the company has four operations- Benoni, Durban, Port Shepstone and Cape Town.

Tourvest Group

Acquisition in 2008
Tourvest is a tourism group that offers a range of products and services that encompasses the needs of visitors to Southern Africa. It operates businesses that range from travel management companies, hotels, lodges, and restaurants to craft, curio and jewelry shops, and foreign exchange bureaux, under some 60 sector-leading brands, employing more than 5 000 people. The company was founded in 1997 through the incorporation of a number of long-established tourism companies. It is based in South Africa and is a global business, with operations in Southern, East and West Africa, India, the United Kingdom, Spain, and the Caribbean, as well as having principals, associates and clients throughout the world.

Reclam

Acquisition in 2008
Reclam Group is a producer of recycled ferrous and non ferrous metal products in Southern Africa based on revenue and sales volumes. Reclam Group also produces recycled paper, cardboard and plastic products, as well as aluminium ingots and pellets, and copper sulphate products. Reclam Group’s products are primarily used by its customers as input materials in the manufacturing of their products. The recyclable materials industry that Reclam Group is involved in, entails collecting obsolete or discarded ferrous and non‑ferrous metals, paper, cardboard, glass and plastic and sorting and processing these according to end‑user specifications into products that are used as input materials for industrial manufacturing. It is a dynamic company managed by hands-on entrepreneurs using new technology and methods through its over 70 facilities, pioneering the way to a total recycling and waste management service.

ConSol* Software GmbH

Acquisition in 2007
ConSol* Software GmbH is an established full-service IT Provider based in Munich, Germany for mid-sized companies and major corporations. Founded in 1984, its portfolio consists of the development, integration and operation of complex IT systems and architectures. The company also offers its own line of products for customer service management, helpdesk software and lead management. As a neutral IT consulting house, ConSol* offers its customer the optimal solution – from Service Oriented Architecture to classic Enterprise Application Integration to Virtualization. ConSol*'s customers include major corporations such as BMW, Daimler, HypoVereinsbank, Kyocera, Neckermann, Schufa, Siemens and Sun Microsystems, along with medium-sized companies, for example Haribo, Käserei Champignon, WashTec as well as Germany's Federal Finance Agency and the City Administration Offices of Munich and Potsdam. ConSol*'s specialty is developing, integrating and operating complex IT systems. It provides complete, one-stop solutions in such areas as operating systems, networks, databases or web services. ConSol*'s services include IT strategy consulting at the managerial level, development and optimization of operating concepts, assistance in making investment decisions as well as practical implementation. This means administration and 24/7 support for servers, databases, Internet solutions, infrastructure, emergency deployment, programming and security solutions. Software Development: ConSol* develops individual software in Java and other programming languages. Above all, applications critical to company processes and procedures profit from modern SOA and JEE/J2EE architecture. ConSol*CM is highly competitive, flexible software for the control of communication processes. Operational areas are customer service, Helpdesk, complaint-, process- and Leadmanagement.

Savcio Holdings

Private Equity Round in 2005
SAVCIO is a privately-owned company that specializes in the maintenance and repair of rotating electrical equipment and transformers across Africa. It caters to various industries, including mining, steel, petrochemical, and rail, offering tailored services to meet their specific needs. In addition to its core maintenance and repair services, SAVCIO supplies industrial materials such as wire and insulation products, enhancing its value proposition to clients in these sectors.

Life Healthcare

Acquisition in 2005
Life Healthcare is a prominent healthcare organization based in South Africa, recognized for its commitment to providing high-quality medical services. As a black economic empowered company, it operates a diversified range of services, primarily through its hospitals and complementary services segment, which generates the majority of its revenue. Life Healthcare's offerings include mental healthcare, acute rehabilitation, renal dialysis, and oncology. Additionally, the company is involved in growth initiatives that focus on clinical quality products and outpatient services. Emphasizing the importance of well-being, clinical excellence, and compassionate care, Life Healthcare strives to meet the personal needs of patients and their families while maintaining high standards in healthcare delivery.

Pepkor Holdings

Private Equity Round in 2004
Pepkor Holdings Limited is a South African retail company that operates a wide array of discount and value-oriented stores across several African nations, including Angola, Botswana, and Nigeria, as well as in Australia and Eastern Europe. The company offers a diverse range of products, including clothing, household goods, furniture, appliances, consumer electronics, and cellular products. It also provides financial and fintech services. As of September 2020, Pepkor managed approximately 5,254 retail locations, with a significant portion of its revenue coming from clothing and general merchandise. Founded in 2017 and headquartered in Cape Town, Pepkor was previously known as Steinhoff Africa Retail Limited before rebranding in August 2018. It operates as a subsidiary of Steinhoff International Holdings N.V.

Metcash

Post in 2004
Metcash Limited is Australia's leading wholesale distribution and marketing company specialising in grocery, fresh food, liquor, hardware and automotive parts and accessories. From its origins in 1920s as a family owned corner store, Metcash has evolved, uniting Australia’s independent grocers and diversifying its portfolio of businesses to become an ASX Top 100 Company. Headquartered in Sydney, its diverse business operations range from servicing its customers in supermarket and convenience businesses through to hardware. Metcash’s customers are, predominantly, independently owned grocery and liquor stores, but also include hardware stores, which operate under our portfolio of brands including: IGA, Mitre 10, and Cellarbrations. Metcash champions the interests of the independent grocery, liquor and hardware sectors through its core competencies of buying, merchandising, marketing, brand building, distribution logistics and warehousing. Metcash Food and Grocery (MF&G) is the wholesale dry grocery and fresh foods pillar of the business; supplying product for our brands and distributors along with support for ranging, retail operations, merchandising and marketing. The business is supported by 5 major distribution centres delivering dry, chilled, frozen, general merchandise and hair/beauty/cosmetics. Eight fresh distribution centres deliver fresh produce, meat, bakery and deli products. For a large part of its history, Metcash carried the name of the founder of its predecessor business, Davids. Founder Joe David, was the second son of Lebanese migrants; a visionary and entrepreneurial thinker. In May 1927, at the age of 24, he opened his first ‘food’ store at Woolloomooloo, NSW; closely followed by six others. As the businesses prospered, Davids continued to expand and in 1935 opened a wholesale warehouse in Surry Hills, NSW. The Davids business identified a niche market with great opportunity; supporting and wholesaling to independent retailers. The company formed the first professionally organised voluntary retail group in NSW and also established the industry’s first Retail Services Program for independent retailers. In 1980 the company acquired AG Campbells wholesale business.

Foodcorp

Acquisition in 2004
Foodcorp is a manufacturer and distributor of a wide range of food products, specializing in both branded and private label offerings. The company produces essential grocery items as well as premium desserts and convenience meals. With a focus on ready-to-eat options, Foodcorp markets and distributes products that cater to diverse consumer needs, including staples and popular meals in South Africa. Through its food production platform, Foodcorp aims to deliver quality and convenience to its customers.

Brait

Private Equity Round in 2004
Brait is an investment company focussed on driving sustainable long-term growth and value creation in its investment portfolio of sizeable, unlisted businesses operating in the broad consumer sector. Brait’s shares are listed on the Luxembourg stock exchange and also on the JSE.
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