INVESTMENT PHILOSOPHY
New Seasons Investment Fund II will be funded from private capital, with capital raised on a deal-by-deal basis.
The investment horizon is open-ended, this allows for a tolerance of short-term fluctuations in pursuit of maximising long-term returns. Although no “hard close” date has been set for the Fund, a focussed realisation process will be launched after year 5.
A key investment theme, is the return of cash to investors throughout the investment term.
The fund will target investments with the following characteristics
Minimum sustainable EBITDA of R20m
Sound business model
Good growth prospects
Strong cash flow generation
Defendable market position
Strong management teams that should be co-investors
“We intend leveraging off our current success and experience through our investments in the mining services, security and contract manufacturing operations”
Geographic Focus
South African focused.
Exclusions
Primary Mining.
Primary Agriculture.
Authorised Investments
Open-ended, sector agnostic.