Industrials

Boasting offices in Cape Town, Mossel Bay, Durban and Namibia, African Marine Solutions (AMSOL) is a specialist solutions provider and partner to clients who operate in marine environments. AMSOL is the only marine solutions provider in the region that is employee and management owned, and is a catalyst for economic empowerment and shared value creation.

The company’s services offering is vast and covers several industries, including ports, mining, maritime and energy.

MIC transaction overview  

In 2016, MIC Capital Partners (a joint venture between MIC and RMB Ventures) acquired an 18% interest in AMSOL.

Optron supplies and supports products in most countries across sub-Saharan Africa, directly and indirectly with the assistance of a select network of re-sellers and agents. Their solutions integrate a wide range of positioning technologies including GPS, laser, optical and inertial technologies, coupled with the latest application software and wireless communication technologies.

MIC transaction overview

MCP acquired a 27% stake in Optron in 2016.

Multiknit, the holding company of Knittex, Sakpro and Multiknit International, is a market leader in the manufacture and supply of knitted synthetic shade netting fabrics, as well as fruit and vegetable bags, in the southern hemisphere.

The product range of these companies is broad and includes: synthetic shade netting for plants, produce bags and shade cloth for agricultural and domestic use.

Multiknit is the foremost agricultural netting supplier in Mpumalanga and is not only a market leader in the South African market, but also has global market leadership in decorative and agricultural shade netting fabrics, exporting to more than 60 countries worldwide.

MIC transaction overview

In February 2015, MCP acquired a 27.8% interest in Multiknit.

General Electric South African Technologies is a joint investment by General Electric SA and MIC and a platform for innovative rail solutions. Its contract to supply Transnet with state-of-the-art diesel locomotives not only contributes to energy efficiency, but also enables South Africa to acquire high-tech manufacturing skills.

In addition to distributing locomotives, the company provides modernisation kits, replacement parts signalling equipment and mining propulsion solutions.

MIC transaction overview

In November 2008, MIC acquired a 25.1% interest in GESAT.

Torre Industries Ltd is an African industrial group that is listed on the Johannesburg Stock Exchange (JSE). This JSE industrial company provides equipment and machinery, auto parts, financing and support services to its customers in selected high growth markets in the industrial sectors across Africa.

These sectors include but are not limited to the agricultural, automotive, construction, earthmoving, engineering, mining, manufacturing, and condition monitoring industries. Their core business is the value added sale and rental of branded capital equipment and machinery, the distribution of high quality parts and components, the delivery of critical support services and the provision of financing solutions, which are needed to support their customer’s expansion programmes.

MIC transaction overview

In February 2015, Torre Industries acquired SetPoint Technologies by way of a scheme of arrangement.

MIC converted its equity stake in SetPoint into shares in the listed Torre Industries holding company.

MIC bought up a further equity stake, raising its combined stake in Torre to 12.95% in April 2015.

Puregas (Pty) Ltd was established in 1971 and is recognised as southern Africa’s leading supplier of purified and blended gaseous hydrocarbon propellant, foam blowing products and as an emerging supplier of high quality speciality gases and gas equipment.

MIC transaction overview

In May 2013, MIC Capital Partners, a joint venture between MIC and RMB Ventures, acquired a 25% interest in Puregas.

Universal Industries has been delivering equipment solutions to businesses operating across several industries since 1996.

With hubs based in South Africa, Nigeria, Kenya and Tanzania, the group supplies equipment mainly to the food retail, wholesale, hospitality, manufacturing and related industries.

Although Universal was only incorporated in 1996, the underlying businesses are all well established businesses (some with a history of more than 100 years) supplying a diverse range of blue chip clients in the local and international markets. The group has a number of production facilities and offices nationwide and employs 1 400 people.

MIC transaction overview

In 2017, MIC acquired a 25% stake in Universal Industries.

Our mission is to provide more than just funding  – as active equity partners we are not only providers of capital, but  also offer strategic, board-level guidance on corporate governance and transformation.