INVESTMENT PORTFOLIO

CIMPOR NPC

NPC-Cimpor

Imbewu led the Imbewu-Aka Consortium that participated in the NPC-Cimpor BEE transaction in 2006 which was restructured in 2016. The restructure transaction resulted in Imbewu acquiring a minority equity shareholding in NPC-Cimpor. NPC-Cimpor is a subsidiary of NPC which is a member of Intercement, which is a member of Carmago Correa Group.

NPC-Cimpor supplies the market with quality aggregates and concrete products through two operating entities. It also supplies high grade limestone to the cement industry.

Imbewu has the overall operational responsibility for the Imbewu-Aka Consortium which has representation on the NPC-Cimpor board and sub-committees.

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Isegen

Isegen South Africa

Imbewu and Nedbank Capital Private Equity led a secondary leveraged buyout transaction with management of Isegen South Africa in 2007. The transaction resulted in Imbewu acquiring a minority equity shareholding in Isegen South Africa.

Isegen South Africa is the sole producer of anhydrides and plasticisers in Africa and a world leader in the manufacture of food acidulants with manufacturing sites in Isipingo, Umgeni and Germiston.

Imbewu has a representative on the board of Isegen as well as on the sub-committees.

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Hulamin

Hulamin Limited

Imbewu led the Imbewu Consortium that participated in the Hulamin Limited BEE transaction in 2007. The transaction resulted in Imbewu acquiring a minority equity shareholding in Hulamin.

Hulamin is an independent semi-fabricator of aluminium products situated in Pietermaritzburg and is structured around products and markets which include sheet and plate, building and painted aluminium, can stock, foil and extrusions.

Imbewu has the overall operational responsibility for the Hulamin BEE SPV Company, which has representation on the Hulamin board and sub-committees.

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Container Conversions

Container Conversions

Imbewu acquired a minority equity shareholding in Container Conversions in November 2007.

Container Conversions is one of the industry leaders in the provision of instant temporary site accommodation and storage facilities to a broad range of customers, including construction, public utilities, national, local and provincial government and community projects in Southern Africa.

Imbewu has two representatives on the board of Container Conversions as well as on the sub-committees.

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Container Conversions

RCL Foods Limited

Imbewu led the Imbewu Consortium that participated in the RCL Foods, previously known as Rainbow Chicken Limited, BEE transaction that came into effect in the first quarter of 2008 and was restructured in 2014. The transaction resulted in Imbewu acquiring a minority equity shareholding in RCL Foods.

RCL Foods has a ‘one company’ philosophy, focussed on building a diversified food business of scale in sub–Saharan Africa that has compelling brands that deliver to consumer and customer needs.

Imbewu has the overall operational responsibility for the Imbewu Consortium, which has representation on the RCL Foods board and sub-committees.

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RBM

Richards Bay Minerals

Imbewu led the Imbewu Consortium that participated in the Richards Bay Minerals (“RBM”) BEE transaction which came into effect in December 2009. This transaction resulted in Imbewu acquiring a minority interest in RBM.

RBM is a leading producer of Titania slag, high purity pig iron, rutile and zircon. The company is situated at Richards Bay on the Indian Ocean coastline in Northern KZN.

RBM is the trading name for two registered companies, Richards Bay Mining (Pty) Ltd and Richards Bay Titanium (Pty) Ltd. RB Mining is responsible for the dune mining and mineral separation operations, and RB Titanium, for the smelting and beneficiation process.

Imbewu is the Transaction Manager of Blue Horison Investment 41 (Blue Horison) and has the overall operational responsibility for Blue Horison, which has representation on the board of RBM and its sub-committees.

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Icon Construction

Icon Construction

In July 2010, Imbewu acquired a significant minority equity shareholding in Icon Construction.

Icon Construction is a South African company operating primarily in KwaZulu-Natal which provides multi-disciplinary services to clients, specializing in water and sewerage reticulation, bulk transfer pipelines, reinforced concrete structures, shoring of excavations, industrial buildings and mentorship of Black owned enterprises.

Imbewu has two representatives on the board of Icon Construction.

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IFS

International Facilities Services ("IFS")

In December 2012, Imbewu acquired a significant minority equity shareholding in International Facilities Services (IFS).

IFS specialises in providing a full array of Facilities Management Services designed to offer clients a comprehensive solution in remote locations. Started in 2000, IFS forms part of the Independent Services Group of companies, which provide catering and related services to a wide range of industries and public institutions, with particular focus on Remote Site Solutions.

Imbewu has two representatives on the board as well as on the sub-committees.

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Exited Investments

GMA Logistics

GMA Logistics

In March 2008, Imbewu acquired a minority equity shareholding in GMA Logistics, a company specialising in international forwarding, sea air and land export forwarding, warehousing, road transport and supply chain management.
In February 2012, Imbewu disposed its minority shareholding in GMA Logistics to management and the holding company, GMA shipping.

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Reebok

Reebok South Africa

In March 2006, Imbewu sourced and participated in a Reebok South Africa Management Buy Out (MBO) transaction. The transaction funding was raised through the existing strategic funding line with Investec and resulted in Imbewu acquiring a minority equity shareholding in Reebok South Africa.
Reebok South Africa is the owner of the Reebok International manufacturing and distribution license for apparel, footwear and ancillary products in South Africa.
In December 2013, Imbewu disposed of its shareholding in Reebok South Africa to management.

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Autovest

Autovest Limited

In April 2008, Imbewu acquired a minority interest in Autovest. Autovest is a holding company of an automotive focused group of companies which included: Maxe, SA Canopy, Rhino Linings, Kilber Products, Bucco Canopies and Auto Armor.
In December 2013, Imbewu disposed of its shareholding in Autovest Limited to a Private Equity Fund following a competitive bidding process.

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BO's Hire & Sales

BO’s Hire & Sales

Imbewu sourced and participated in Bo's Hire and Sales (Pty) Ltd (BO's) management buy-out transaction from Erbacon Investment Holdings Limited ("Erbacon") in March 2012.
In February 2015 Imbewu disposed of its shareholding in BO's Hire & Sales to management.

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