Investment Mandate

1K1V’s investment approach leverages the best of what free enterprise has to offer by applying the Three-Dimensional Capital of industry-leading family offices to build transformative companies the right way.

Our model of Three-Dimensional Capital of our industry-leading family office investors from around the world provides a differentiated and innovative investment approach compared to many traditional private equity funds operating today. By deploying the Three-Dimensional Capital of our investing family offices, we expect to support the growth, expansion and value-creation of our portfolio companies’ while simultaneously promoting the creation of jobs. Relational Capital and Intellectual Capital provide us with the capacity to guide growth during the investment period while also providing insights on potential exit alternatives as international companies establish footprints in Africa. This Three-Dimensional Capital model is expected to reduce investment risk by ensuring high-quality initial selection, relevant and impactful value-add during the investment period, and the creation of attractive exits.

Sector Focus & Investment Amount

Designed by leading family offices for family offices, 1K1V is designed to enhance the best of what private equity investment offers with the Intellectual Capital, Relationship Capital and Financial Capital—or Three-Dimensional Capital—of industry-leading family offices.

Geographic Focus

  • “Rising markets” anchored in Southern Africa, East Africa and West Africa
  • High-growth economies with requisite socio-political stability
  • Regions where Three-Dimensional Capital can be leveraged

Industry Focus

  • Industries benefiting most from Africa’s rising middle class such as consumer/retail, agribusiness, logistics/distribution and manufacturing
  • Industries where 1K1V’s Three-Dimensional Capital can be deployed
  • Real estate and infrastructure investments excluded

Target Businesses

  • $2 million to $15 million of EBITDA with significant growth trajectories
  • Leading market share and sustainable competitive advantages
  • Businesses where Three-Dimensional Capital can be deployed
  • Family-owned businesses (which comprise the majority of Africa’s companies)

Transaction Structure

  • $10 to $40 million investment per transaction
  • 10 to 15 investments across the fund
  • Control, buy-out and influential growth equity positions
  • Board seats anticipated

Portfolio

Pay@ is a leading payments business that provides an extensive payments platform to a multitude of billers, enabling its customers to make account payments at major retailers and other Pay@ payment networks using non-traditional (QR-codes, mobile phones) and traditional payment tenders (cash, credit- and debit cards and EFT). Transactions are processed in real time between the retailer/payment network and Pay@, resulting in a highly accurate process. Pay@ is integrated into more than 7,800 stores and 140,000 traders across South Africa and has a growing presence in Namibia and Botswana. The company has considerable knowledge on handling large volumes of transactions on a 24/7 basis in a secure environment that is convenient and easy to use by customers.

Pay@ is headquartered in Stellenbosch, South Africa. For more information, please visit www.payat.co.za.

HEPSA is an integrated provider of online program management services to the leading tertiary educational institutions in South Africa. The Company provides turn-key services to enable universities to launch, operate and grow online programs, providing access to new markets and revenue streams. HEPSA assists universities in converting their on-campus degree programs into an online format, recruits qualified students for those programs, and supports enrolled students through graduation. HEPSA’s partner universities include the vast majority of public tertiary universities in South Africa and the company is in active discussions to increase its presence in Sub-Saharan Africa. HEPSA is guided by the principle that the opportunities presented through technology-aided learning make higher education more accessible and affordable.

HEPSA is headquartered in Johannesburg, South Africa. For more information, please visit www.higheredpartners.co.za.

Redsun Dried Fruit & Nuts (Pty) Limited (“Redsun”), formed in 2009, is a processor and distributor of high quality raisins produced along the banks of the Orange River in the Northern Cape of the Republic of South Africa.

South African raisins, which are produced along the very arid and hot Orange River, are sought after for their high quality, sweetness and texture. Since 1K1V’s investment of growth capital in 2015, Redsun has expanded its operations and increased its production to represent one of the leading raisin producers in Africa, of which over 95% have been sold to the export markets in Europe, North America, South America and the Far East. 1K1V is assisting Redsun with further growth and diversification plans. For more information, please visit www.redsun.co.za.

RTE Snacks is based in Durban and produces a range of healthy, ready-to-eat trail mix products for the domestic and international retail markets. The company’s popular On The Go trail mix range is available through leading South African retailers including Clicks, Food Lover’s Market, Spar, and Dis-Chem. It has also built up an extensive export network across the globe.

Beefmaster Holdings (Pty) Ltd (“Beefmaster”) is South Africa’s most vertically integrated producer of beef related products, currently producing approximately 2,500 tons of meat each month for a range of markets.

Established in 1986 and based in the Northern Cape Province of South Africa, Beefmaster is a family operated business. As South Africa’s biggest beef exporter, Beefmaster’s operations include a leading abattoir, feedlots, logistics and distribution operations and multiple branded retail outlets. 1K1V invested in Beefmaster in late-2015, adding growth capital and strategic oversight. For more information, please visit www.beefmaster.co.za.

TRUE Jerky is a San Francisco-based healthy snack foods company. TRUE Jerky offers lines of innovative, premium meat-based snacks, sourcing 100% of its meat from animals raised within the United States. TRUE Jerky’s products can be found in nearly 2,000 stores nationwide.

Founded in 2015 by a group of college friends, TRUE Jerky offers lines of premium beef and turkey jerky with culinary-driven marinades such as Blackberry Merlot, Honey Bourbon Brisket and Thai Chili Mango. TRUE Jerky sources 100% of the meat used in its jerky from animals raised within the United States, and every bag of jerky includes its now-signature dental floss pick. TRUE Jerky’s products can be found in nearly 2,000 stores nationwide, including Peet’s Coffee and Safeway. For more information, please visit www.true-jerky.com.

SanLei™ is a trout producer located on the shores of the Katse Dam in the remote highlands of Lesotho, a site known for its deep, pristine waters which create a highly favorable environment for growing premium trout. SanLei translates from Japanese as “where the mountains meet the sky” and evokes its unique, high-altitude location. SanLei produces sushi quality trout primarily for consumption in Japan and South Africa and is the largest facility of its kind in Africa.

For more information, please visit www.sanleitrout.com.