17 Oct

Establishment of Caban Capital Partners (Pty) Ltd and completion of Caban structuring

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It is with much pride that we announce the formation of Caban Capital Partners (Pty) Ltd. Caban Capital Partners completes the restructuring of the Caban Group and Caban's private equity company which houses its portfolio of business acquired through the Caban Entrepreneurship Programme or through the corporate finance activities of TBL Capital (Pty) Ltd. The company will operate as a traditional private equity company within the Caban Group. A similar operation has been established in the UK. 

 

The company will be managed by the following team:

 

  • Chairman: James Anderson, CA(SA), CA, L.LB;
  • CEO, SA Portfolio: Dave Romero, B.Compt, Professional Accountant of SA;
  • CEO, UK Portfolio: Ben Botes, MBA, Mphyl;
  • CFO: Ashley Seymore, CA(SA);
  • VC Partner: Gary Smith, MBA, MPRE.

 

The company's principle interests are as follows:

 

  • 25% Aqua4Life Holdings (Pty) Ltd;
  • 4% Aqua4Life (Pty) Ltd;
  • 10% Million Baby (Pty) Ltd;
  • 33% Leisure Africa Holdings (Pty) Ltd;
  • 40% Diversified Growth Investments (Pty) Ltd;
  • 40% Investure (Pty) Ltd;
  • 10% App4Specials (Pty) Ltd;
  • 35% OG Safety (Pty) Ltd;
  • 15% Kurugai Distribution (Pty) Ltd;

 

We are in the process of admitting another 7 new entrants to the Caban Entrepreneurship Programme which will be disclosed in the next three weeks.

 

The Caban Group has been streamlined into six subsidiaries, namely;

 

  • TBL Capital (Pty) Ltd, a financial services boutique;
  • Ceiba Media (Pty) Ltd, the groups 360’ marketing company;
  • Caban Enterprises (Pty) Ltd, a comprehensive sales organisation;
  • Caban CIC (Pty) Ltd, our community investments holding company;
  • UREG Investments Ltd, our renewable energy holding company;
  • Caban Capital Partners (Pty) Ltd, the groups private equity company.

 

After recent valuations, the grouping of Caban companies and the release of our February 2016 financials, the company is negotiating with substantial investors to propel the Group to the next level in SA and abroad. Furthermore the Group is in the process of negotiating substantial acquisitions in particular for the financial services boutique, TBL Capital (Pty) Ltd. 

 

This includes the obtaining of a Section 12J regulated fund. An investment in a Section 12J Venture Capital Company (VCC) allows an investor to deduct 100% of their investment from their taxable income, in the year in which the investment was made. This is subject to the provisions of the Income Tax Act No. 58 of 1962. This benefit is available to companies, trusts and individuals. 

 

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Read 1070 times Last modified on Monday, 17 October 2016 15:14
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