Investisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.
At a glance
Based on observed investment behaviour: 7 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Infrastructure fund (inferred from deals)
- Observed ticket
- 5.4 M$ – 98 M$, median 71.7 M$ (4 disclosed amounts)
- Countries
- South Africa (7)
- Activities
- Off-grid solar and solar kits (4), Bitumen, asphalt and road emulsions (1), Medical devices and equipment (1)
- Instruments
- Senior debt (5), Equity (1)
- Stages
- Debt (5), Growth (1)
- Recent activity
- 5 deals in 12 months, latest May 2026
Stated thesis versus observed behaviour
No stated thesis: the comparison is not possible.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria inferred from recorded deals: the fund has not stated its thesis yet.
Recent public deals: they say better than a thesis what the fund actually signs.
Araxi (rachat de Pay@)
May 2026 · South AfricaDebt49.383 M$Senior debtFintechLead
Approved unanimously by shareholders on 8 May, acquisition concluded in May 2026.
Activity : Payments and mobile money
Instrument : ZAR 800m senior debt, Investec sole lender, for the acquisition of Pay@ (ZAR 1bn, including ZAR 200m of Araxi's cash)
South African fintech group (formerly Capital Appreciation).
Source : investec.comN1 · Primary source · Other sources : Business Day
Vertice MedTech
April 2026 · South AfricaDebtUndisclosed amountSenior debtHealthcareLead
Activity : Medical devices and equipment
Instrument : Acquisition and working-capital financing for Amethis Fund III's purchase of Vertice from Ethos (with Proparco and ccap.ai)
South Africa's largest independent medical devices distributor.
Why they invested
- Acquisition debt for private equity
Source : investec.comN1 · Primary source · Other sources : Amethis
Mulilo — centrale solaire de Beaufort West
April 2026 · South AfricaDebtUndisclosed amountSenior debtEnergyCo-Lead
Financial close announced on 20 April 2026.
Activity : Off-grid solar and solar kits
Instrument : 380 MWdc project financing, one of the country's largest solar plants; lenders Absa, Standard Bank, Investec and Nedbank
Western Cape solar plant, about 818 GWh a year.
Why they invested
- Private renewable power via wheeling
Co-investors Absa (Co-Lead), Nedbank (Co-Lead), Standard Bank (Co-Lead)
Source : mulilo.comN1 · Primary source · Other sources : Investec
SPS — Slimsun Too phase 2
March 2026 · South AfricaSignedDebt5.37 M$Senior debtEnergyLead
Financial close reached, plant under construction.
Activity : Off-grid solar and solar kits
Instrument : ZAR 87m project financing; 10-year contract with Energy Exchange via wheeling, connected at Eskom's Eenboom substation
Malmesbury solar plant (Western Cape), commissioning targeted for Q3 2026.
Source : investec.comN1 · Primary source · Other sources : Green Building Africa
SolarAfrica
February 2026 · South AfricaDebt94 M$Senior debtEnergyCo-Invest
Co-investor alongside Rand Merchant Bank
Activity : Off-grid solar and solar kits
SolarAfrica is based in Centurion, Gauteng, South Africa.
Source : launchbaseafrica.com
SolarAfrica
February 2025 · South Africa98 M$EnergyCo-Invest
Activity : Off-grid solar and solar kits
SolarAfrica Lands $98M Boost for South African Solar.
Co-investors Rand Merchant Bank
Source : launchbaseafrica.com
November 2024 · South Africa GrowthUndisclosed amountEquityManufacturingCo-Invest
Co-investor alongside Old Mutual
Activity : Bitumen, asphalt and road emulsions
Instrument : Acquisition of 100% from AECI alongside Sphere Investments and management (ZAR 1.1bn transaction, debt and equity) · Vehicle : OMPE Fund VI
South Africa's largest commercial manufacturer of asphalt, bituminous binders and emulsions, with a national footprint; products used mainly for road surfacing.
Why they invested
- First investment of OMPE Fund VI
- The only player with a nationwide footprint in South Africa
- Exposure to road maintenance and construction spending
Co-investors Sphere Investments (Co-Lead)
Source : sphereholdings.co.za
Investec invests tickets ranging from 5.37 M$ to 49.383 M$, across the following sectors: Energy, Fintech, Manufacturing, and Healthcare, in the following areas: South Africa. Check in 30 seconds whether your company fits these criteria.
