Corporate Finance LIMITED
Adansonia Corporate Finance leverages off the knowledge, presence and contact base of the wider Adansonia Group which has an extensive client, attorney and accountant network in eighteen sub – Saharan African countries. We are focused on facilitating investment into Africa, by assisting;
- owners of African operating companies to raise debt and/or equity, or to sell businesses; all wrapped in a flexible mergers & acquisitions (“M&A”) service offering;
- private equity funds, family offices and corporate investors interested in African investments, in sourcing potential investments that fit with their investment mandate, and/or to sell investments on their behalf, again wrapped in a flexible M&A service offering.
We wrap all our services in a flexible M&A service offering which may (depending on circumstances and client needs) include;
- strategic advice;
- valuations and preparation of necessary reports;
- assistance in negotiations with debt providers or potential buyers/investors;
- referral to other proven in country service providers and experts;
- assistance during due diligence; and
- project management of the M&A process from start to completion.
Our approach treats each engagement and its proposed fee structure as unique, and varies according to the complexity, amount of work required, and size of transaction. We are prepared to take some fee risk in undertaking certain projects where we have a good understanding of the strategic intent of the client, and a measure of confidence regarding the likelihood of success.
An outline of the primary services we provide are as follows:
- Raising Debt Finance for African Companies
Identifying the most suitable funders for your business is essential to increase the chances of success. We have access to and knowledge of the credit requirements of a broad range of banks and credit funds operating in sub – Saharan Africa, and are thus able to create a shortlist of the most likely funders for the borrower’s profile taking into account transaction size, risk parameters, available security, geography etc. Following an introduction to the shortlisted potential credit providers, we have experience in and the ability to manage the process on your behalf right through to draw down on the facility.
- Raising Equity Finance for African Companies
The Adansonia Group has relationships with and an understanding of the investment mandates and strategic investment objectives of a broad range of private equity and corporate investors who are focused on Africa. We are thus able to create a short list of potential investors who might have an interest investing (be it either replacement or expansion capital). Depending on the client’s needs, our offering may only require a search and introduction, or could lead to some or all of the required M&A process being project managed by Adansonia Corporate Finance.
Experience and Footprint in Africa
We have facilitated a number of transactions on the African continent. In addition, the Adansonia Group has access to co-investment equity capital via Adansonia PE Opportunities, which is used where clients require additional co-investment capital, provided returns and risk parameters are attractive. Adansonia PE Opportunities strictly co-invests on an invitation basis after any potential conflict has been declared and cleared, thus avoiding competition for transaction flow with private equity investors.
After qualifying as a Chartered Accountant in South Africa in the mid 1980’s, Rudolf spent twelve years with Rand Merchant Bank and the FirstRand banking group, before founding Treacle Private Equity (Pty) Ltd in 2000.
Treacle raised and managed two successful general South African focused private equity funds between 2000 and 2015.
Rudolf is currently resident in Mauritius where he is a director of Adansonia Holdings, and serves on the boards of various investee companies spanning the information technology and financial services industries in Mauritius, sub-Saharan Africa and the USA. He also acts as independent non-executive director (and investment committee member) for a number of USA and South African based private equity funds that principally invest in Africa.
Brendon was schooled at Durban High School in Durban, South Africa. He worked for Standard Bank for two years up to early 1997, where after he headed for London. He acquired a broad range of investment banking focused consulting experience over a six-year period in London working for JP Morgan Chase, West Landes Bank, Deutsche Bank, Citibank and Reuters.
After completing his MBA at the Graduate School of Business, University of Cape Town in 2003, he headed for Thailand where he set up an entrepreneurial venture and then spent 2 years as an accounting and information technology business consultant at Diethlem Travel Group until October 2006.
Upon moving to Mauritius in November 2006, Brendon became a shareholder and was appointed Managing Director of Inter-Ocean Management Limited, a Mauritian offshore management company licensed by the Financial Services Commission in November 2006. He managed to return the business to profitability and grew the revenue base by 25% per annum up to 2012, in the process building up a valuable business network across a number of sub-Saharan countries. Inter-Ocean Management Limited was successfully sold to the Maitland Group, and rebranded Maitland (Mauritius) Limited in June 2012.
After completing his earnout at Maitland (Mauritius) Limited in 2014, Brendon, in partnership with Rudolf Pretorius and Zain Madarun formed Adansonia Holdings Limited. The group currently provides a number of value-add solutions to a range of corporate and private equity clients from the USA, UK, Middle East, Southeast Asia and Africa.
Brendon serves, inter alia, on the boards/investment committees of:
- Denham Capital’s African mining platform and its portfolio companies
- Alphamin Resources Corporation, a listed TSX company
- Novare Fund Manager Limited
Brendon holds dual South African and British citizenship and is married to Henda with 2 children.