One Thousand & One Voices (1K1V), a family office capital fund has agreed to recapitalize SanLei. SanLei is a producer of high quality trout from the Kingdom of Lesotho. The funding raised will assist in maximising growth in the company’s vision to become the largest trout production operation in Africa. Mergence Investment Managers, in its capacity as asset manager of the Lesotho Pension Fund, also acquired a significant minority interest in SanLei in this same transaction. The funding provided or equity stake taken-up was undisclosed.
1K1V uses the best of what private equity investment has to offer with the intellectual capital, relationship capital, financial capital or three-dimensional capital of industry-leading family offices from around the globe. 1K1V invests in companies in Sub-Saharan Africa that leverage from Africa’s rising middle class such as consumer, retail, agribusiness, logistics, distribution and manufacturing. Target businesses include those with US$2-US$15 million of EBITDA with significant growth trajectories and sustainable competitive advantage.