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

Past deals in SADC

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.

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.

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.

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.

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.

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.

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.
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