Tuesday, May 21, 2019 UTC

AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
  • Subscribe Download
News > Private Equity > PE Industry News

Knife Capital introduces strategic investor and opens UK office

Africa Global Funds
Sept. 5, 2017, 10:33 p.m.

Word count: 304

Knife Capital, a venture capital firm, has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor. 

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account

Knife Capital, a venture capital firm, has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor. 

The firm’s team recently effected a management buyout from JSER-listed African Dawn Capital.

The London office will accelerate the international growth of companies within Knife Capital’s investment portfolio. 

Draper-Gain is a family office with significant global resources including existing investments in South Africa.

The transaction was facilitated by entrepreneur and angel investor Bob Skinstad who is Knife Capital’s partner in SARS section 12J venture capital company KNF Ventures. 

He said: “Over the past year, Knife Capital impressed Draper-Gain while conducting a number of due diligences and executing the subsequent transactions. This evolved into Draper-Gain taking a strategic stake in Knife Capital and committing funding as its lead international investor.”

Knife Capital is respected in its home market after shepherding transactions between founders of various SA technology companies and multinationals including General Electric, Visa and Garmin. 

It has also assisted SA firms with cross-border growth and management buyouts.

Keet van Zyl, Investment Partner at Knife Capital, commented: “The South African early stage investment ecosystem is built on the risk capital of local angels and international investors. Unfortunately local institutional investors largely avoid this space.” 

“While we will continue to work at changing this mind-set, we are now creating a flexible structure for those international family offices which want to invest with us alongside KNF’s local 12J backers,” he added.

In 2014, Knife Capital was sold into financial services group African Dawn. After expected synergies did not materialise, the Knife Capital team recently took back ownership of the company in a structured management buy-out.

Knife Capital said that with offices in London and Cape Town, it is creating an appealing proposition for entrepreneurs and investors in both South Africa and the UK.

Registration Login
Sign in with social account
Lost your Password?
Registration Login
Sign in with social account
Registration Login