Metier Capital Growth Fund II (IFC-37516)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 15, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Metier Private Equity (Pty) Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 18.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 1, 2018

Disclosed by Bank Feb 26, 2016


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Project Description

This project finances IFC investments in mid-market growth and replacement capital transactions, specifically in high-growth opportunities in order to construct a portfolio of investments diversified by sector and deal type and to capture mid-market growth opportunity in Sub-Saharan Africa.

Investment Description
  • International Finance Corporation (IFC)

This project entails an IFC equity investment for the lesser of ZAR 300.0 million or US $22 million, not to exceed 20% of total commitments, in Metier Capital Growth Fund II, a 10 year closed-end fund seeking to raise up to ZAR 3 billion. The manager of Metier Capital Growth Fund II is Metier Private Equity Proprietary Limited, a private company incorporated in accordance with the laws of South Africa and a Category II authorized financial services provider in terms of the Financial Advisory and Intermediary Services Act, 2002. Metier Private Equity Proprietary Limited is a full investment house with capabilities in advisory, corporate law services, and back-office compliance, and was founded in 2003, although its founding members have worked together since 1986. With 15 professionals across the investment, legal and finance functions, Metier’s team has deployed US$1.25 billion (at deployment FX rates), with over 82 transactions returning an estimated 2.6X cash at a 36% IRR with 85% investment realization. The investment team will be responsible for deal origination and structuring, value creation and exits, and is comprised of investment professionals with operational and technical support from the larger Metier Private Equity Proprietary Limited network.

Private Actors

Metier Capital Growth Fund II is a 10 year closed-end fund seeking to raise up to ZAR 3 billion. The key objective of Metier II is to construct a portfolio of investments diversified by sector and deal type, which collectively capture the attractive mid-market growth opportunity in Sub-Saharan Africa. 

The Fund Manager is Metier Private Equity Proprietary Limited (‘Metier’), registration number 2012/004607/07, a private company incorporated in accordance with the laws of South Africa and a Category II authorized financial services provider in terms of the Financial Advisory and Intermediary Services Act, 2002 (FSP No 44882). The founders of Metier represent one of the more experienced private equity teams in the region, having worked together for over 30 years (when they were part of Brait) and stable and growing since. Metier is a full investment house with capabilities in advisory, corporate law services, and back-office compliance. Metier was founded in 2003, although its founding members have worked together since 1986. With 15 professionals across the investment, legal and finance functions, Metier’s team has deployed US$1.25 billion (at deployment FX rates), with over 82 transactions returning an estimated 2.6X cash at a 36% IRR with 85% investment realization.

Contact Information

J-P Fourie
Tel: +27 (0) 11 268 4075 (direct)
Tel: +27 (0) 11 268 4000 (switchboard)
Mobile: +27 (0) 82 497 3385
e-mail: jp@metier.co.za
Metier Investment & Advisory Services (Pty) Limited
2nd Floor, 5 Commerce Square, 39 Rivonia Road
Sandhurst, South Africa
Private Bag X11, Northlands, 2116, South Africa

ACCOUNTABILITY MECHANISM OF IFC
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