Tamela Capital Partners (“Tamela”), a subsidiary of Tamela Holdings, has raised R420 million for the Tamela Mezzanine Fund. The fund is expected to finance mid-sized companies in South Africa which have strong track records and great growth potential. Funding will range from R50-R200 million and companies funded will typically have revenues of over R100 million and EBITDA of above R30 million per year.
Tamela is a black owned and managed investment, corporate finance advisory and fund management company which was founded by Sydney Mhlarhi and Vusi Mahlangu in 2008. Over the past decade, Tamela has a built a niche corporate finance advisory business with transactions ranging from R100 million to over R10 billion. Tamela is also a Johannesburg Stock Exchange approved and registered sponsor which can provide services for corporate actions, continuing obligations and new listings. Tamela previously invested in Daimler Fleet Management (35% stake), AON (25% stake) and Emira Property Fund (5% stake) among others.