Vantage Capital has exited its flagship investment in Cap Tamarin. Cap Tamarin is a Mauritius based real-estate, hospitality, education and agricultural company that was provided with $10-million in mezzanine funding by Vantage Capital. The funding was utilized towards the development of a residential village in the west coast of Mauritius. Cap Tamarin forms part of the Trimetys Group which has a track record of development of commercial centres and schools in the west coast area of Mauritius. The exit multiple for Vantage Capital was not disclosed.
Vantage Capital is well-positioned as Africa’s leading Mezz financier, capitalising on its strong position in the South African mezzanine market and building a portfolio of income generating mezzanine assets in South Africa and in the rest of Africa. Vantage Capital raised US$150-million in Mezz Fund 1, US$240-million in Mezz Fund 2 and US$280-million in Mezz Fund 3. Outside of South Africa, Vantage has invested in more than 12 transactions across Morocco, Côte d’Ivoire, Ghana, Nigeria, Uganda, Kenya, Mauritius, Namibia and Botswana.