- Agro - Processing
- Financial Services
- Commodity Trading
- Software Development
- Property Development
PE Opportunities LIMITED
Adansonia PE Opportunities Limited is a permanent capital investment vehicle that aims to generate above average investment returns.
The company evaluates investment decisions with the aim to deliver a total US$ portfolio return of at least 12.5% per annum above the annual change in the United States consumer price index.
The directors of Adansonia PE Opportunities Limited are Rudolf Pretorius, Brendon Jones, Brett Childs, James Henry and Adriaan Van Wyk. The directors sit on the boards and investment committees of a number of international private equity funds and international holding companies operating mainly in Africa and in diverse sectors including:
Through their day-to-day involvement on the boards of these companies and their networks, the directors are exposed to investment opportunities, which they pursue in a structured fashion via Adansonia PE Opportunities Limited.
These investment opportunities (“PE Assets”) generally take the following forms:
- Commitments to private equity funds managed by Mauritian-regulated management companies, generally with an African focus. In some cases, co-investment rights can be negotiated, thereby avoiding management fees and carried interest
- Direct investments into third-party PE fund portfolio companies (some of whom may be listed), again avoiding management fees and carried interest charged to PE fund investors
- Secondary investments into PE funds where an existing investor may need urgent liquidity, and the transaction is typically priced to take account of future carried interest and management fees
- Growth and replacement capital to investment or corporate holding companies (some of whom may be listed) where the directors have board representation or significant influence
All investments by Adansonia PE Opportunities Limited are only executed with the expressed prior permission of the relevant target’s board or investment committee to deal with potential conflicts of interest, if and when they exist.
Investment Committee Profiles
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.
Born in Zimbabwe, Brett qualified as a chartered accountant in South Africa where he lived for nine years. Brett spent fifteen years working in London, where he was involved in the development of Equitas, the vehicle set up by Lloyds of London to acquire distressed re-insurance contracts and was one of the first individuals to be approved by Lloyds of London to act as CFO to corporate capital providers in Lloyds of London.
After leaving the re-insurance industry in 1997, he helped build a successful venture capital business focused on the IT industry, with businesses in ten countries. Brett was responsible for treasury, group structuring and managing the relationship with investors. He was project leader in listing assets on LSE and HEX (Finland) and selling assets in Denmark, Norway, Sweden, South Africa and Australia, after which he wound up the group, finally dissolving the BVI holding company in 2006.
Brett moved to Mauritius in 2001 where he currently resides. In 2005 Brett was appointed to the Board of Brait SE, a company listed in Luxembourg and Johannesburg. He stepped down in 2011 but continues to chair the board of Brait Mauritius Limited, the Group’s investment holding company. Brett is currently CEO of Brainworks Capital, a diversified Mauritian holding company with a diversified asset portfolio including extensive property interests in Zimbabwe.
Brett also sits, in a non-executive capacity, on the board of a number of privately and publicly owned companies and funds including entities regulated by the Bank of Mauritius, Financial Services Commission (British Virgin Islands), Malta Financial Services Authority, Financial Services Board (South Africa), Solicitors Regulatory Authority (UK) and Financial Services Commission (Mauritius).
He presently serves, inter alia, on the boards/investment committees of:
- Novare Africa Fund PCC
- Tana Africa Capital Limited.
Brett invested in Inter-Ocean Management Limited (Mauritius), an offshore management company, in 2008 and built the company’s private equity administration offering. The company was sold to Maitland group in 2012.
His passion is education and he co-founded a private school, Northfields International School, in the north of Mauritius, 15 years ago. The school caters for kindergarten, preparatory and secondary scholars.
Brett holds British citizenship.
He worked for Trafigura, a large global commodities trader, from 2013 to 2016, first in Johannesburg, where he was exposed to energy trading in sub-Saharan Africa, and thereafter in Singapore, where he was a risk and market analyst for Trafigura dealing mainly with the Far East and Australia.
In 2016, he joined a business owned by his family, Foxsky Holdings, a developer of retail and commercial properties in Rustenburg, Soweto and Sandton.
James holds South African citizenship.
Adriaan Van Wyk
Adriaan Van Wyk
He and his co-founders grew K2 from a small South African start-up, to a global software company headquartered in Seattle, Washington. He was K2’s CEO from 1997 to 2017, having recently retired. He remains an active K2 board member and the largest individual shareholder.
He is based in Seattle, WA, USA.