Eos Capital thinks infrastructure

Leading private equity firm specialising in buyouts, growth capital, industry consolidations and recapitalisations, Eos Capital, has arrived on the Namibian market with a big bang.

Namibian companies that seek capital to finance their growth and transformation, can now look to Eos Capital. These companies are likely to be more mature than venture capital funded companies, able to generate revenue and profit but unable to generate sufficient cash to fund major expansions, acquisitions or other investments.

Because of this lack of scale these companies generally can find few alternative conduits to secure capital for growth, so access to growth equity can be critical to pursue necessary facility expansion, sales and marketing initiatives, equipment purchases, and new product development.

ENTER Eos Capital Private Equity

Founded by two of Namibia’s brightest business minds, Johannes !Gawaxab and Nicole Maske, Eos Capital has raised N$461million for its Allegrow Fund which provides equity, debt and mezzanine finance to fast growing unlisted Namibian businesses.

Five investments have been made by this agile private equity firm in less than 3 years, the latest of which was to acquire a stake in Heat Exchange Products (HEP) and Namibia Aqua Mechanica (NAM), both players in the water sector.

Allegrow has also invested into Panel to Panel, Fabupharm, Elso and Welwitschia Private School.

“When we buy businesses, we build the quality of management, and grow the entity. We tend to focus on more established businesses with a track record of three years or more and which are profitable,” says Ekkehard Friedrich, Eos Chief Investment Officer

Growth is a common thread for Eos Capital which in most cases exits investments after five to seven years, at an attractive return.

Combining Executive Chairman !Gawaxab’s experience in building businesses across the African continent and starting Namibia’s first unlisted asset management fund, with CEO Maske’s strategy and finance experience, and Friedrich’s strategy and transaction advisory experience, Eos Capital is what many top unlisted companies yearn for in partnership.

Friedrich says theirs is a truly Namibian company aiming to make the economy competitive at a global scale.

“We have tremendous deal flow but it has been hard work. Private equity has never been very active in Namibia. We have had to do a lot of education of investors and potential investments. We have needed to get the message out, if the bank can’t play, we can play. And even if banks can play, we offer an attractive alternative that brings a true partner that can help businesses unlock their full potential. We are here to invest in businesses and work rigorously to deliver value.”

COMING SOON: Infrastructure Financing

Eos Capital has identified a new gap in the market – financing for infrastructure projects. It’s new Fund, the Infrastructure Development and Investment Company Namibia (IDICON), will soon be launched to fund attractive Namibian projects. It will provide long term financing for projects through equity or quasi-equity investments.

“Already we are seeing attractive investments in the infrastructure sector that require financing and can contribute to the economic development of the country. We are looking forward to getting started with our new fund,” says Friedrich, himself an industrial engineer by profession. Watch this space Namibia’s infrastructure sector. Top-notch Eos Capital is coming your way.

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