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Track record proves our value

Metier's leaders have 25 years of managed equity experience as principal across over 81 investments, putting more than R5 billion of equity capital to work across a wide range of industries and through various capitalisation structures. Our advisory team has logged an extensive record of completed transactions numbering in the hundreds over two decades. Since its formation, Metier has completed transactions valued at over R20 billion in more than sixty deals, placing the group in the league of the top investment banking brands in South Africa. However, we believe that transaction size is not always an appropriate measure of the value we add. Metier not only provides insight into the investment process, but navigates the legal, regulatory, tax, competition law and stock exchange requirements that make implementation increasingly difficult, expensive and time-consuming.

The tables below set out our investments - taking into account fund vintages and industry sectors. These cover more than 81 investments and represent more than R7 billion of value created for our investors. Each of these transactions has a story of its own and our team members are able to give more details in terms of how the deals were sourced, priced, structured, built up, improved and ultimately realised.

Investment partnerships, as with most aspects of life, provide a rich diversity of experience. This is not something that can be captured in a set of numbers. Over the years we have developed a particular Metier style which we bring to transactions. Where capital and risk are shared between investors and entrepreneurial management, rewards too must strike a balance between fairness and self interest. Because we bridge the divide between institutional investors and entrepreneurs, we are able to do this in a way that stands up to scrutiny and meets good governance principles.

 

Metier principals' investment history by fund pool showing commitment periods

as at 31 December 2012
No.
Cost (Rm)
x Cash
Gross IRR%
Principal Portfolios (1986/7, 2005) 19
84
3.2
32%
Fedsure Capital Fund (1992) 22
228
1.8
28%
South Africa Capital Growth Fund (1994/5) 12
673
2.4
46%
South Africa Capital Growth Fund III (1998/9) 14
2 363
3.1
36%
  67
3 348
2.9
36%
         
Metier Principal Portfolio (2003) 7
404
3.9
63%
LMCGF (2006/7) 7
2 367
1.7
15%
  14 2 771 2.0 34%
         
Total 81
6 119
2.5
36%

 

Track record by industry sector

 as at 31 December 2012
No.
Cost (Rm)
x Cash
Gross IRR%
Communications & Information
16
1 336
3.2
83%
Construction, Building & Electrical
8
605
1.1
4%
Food & Consumer
14
926
3.5
36%
Mining, Resources & Chemicals
5
584
1.2
20%
Retail
6
789
2.4
28%
Services, Tourism & Outsourcing
12
755
2.5
27%
Transport & Logistics
4
362
4.6
42%
Healthcare
4
118
1.7
7%
Manufacturing incl. Packaging
12
644
1.0
-1.6%
Total
81
6 119
2.5
36%
 
 

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Metier’s Promotion of Access to Information manual is available on request. Lereko Metier Capital Growth Fund Managers (Pty) Ltd is a licenced Financial Services Provider (Licence No: 23261) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 and has a Conflict of Interest Management Policy as required in terms of Section 3A of the General Code of Conduct