4th Floor, Sibekelo 2 Building, Mbabane Office Park, Mhlambanyatsi Road, Mbabane, Eswatini

Through our Founder and team, we have handled over US$860 million in transactions (proprietary/advisory) over the past 10 years and successfully built businesses that have been publicly listed. Below are some of the notable transactions:

2007

Investments and Advisory

FOUNDER

Investments and Advisory

US$250,000

Founded Brainworks Capital with a vision of building it into a leading investment and advisory firm in Zimbabwe.

2009

Banking

Acquisition

Banking

US$4.6 million

Acquisition of 28% shareholding (secondary shares) in Premier Finance Group Limited, a registered commercial bank in Zimbabwe.

2009

Banking

Capital Raising

Banking

US$5.2 million

Disposal of 54% shareholding (secondary shares) Premier Finance Group Limited to African Development Corporation AG.

2010

Banking

Capital Raising

Banking

US$10 million

Privately placed 60% shareholding (newly issued shares) in Premier Finance Group Limited to Ecobank Transnational Incorporated.

2011

Investment Holdings

Capital Raising

Investment Holdings

US$3.7 million

Privately placed 73,675,375 newly issued ordinary shares in Brainworks to Pension Funds in Zimbabwe.

2011

Investment Holdings

Capital Raising

Investment Holdings

US$7.8 million

Privately placed 129,291,366 newly issued ordinary shares in Brainworks to Pension Funds in Zimbabwe and African Development Corporation AG.

2011

Banking

Capital Raising

Banking

US$11.5 million

Arranged the disposal of 23,495,843 ordinary shares publically held in ABC Holdings to ADC.

2011

Banking

Rights Offer

Banking

US$50 million

Underwriting and acquisition of control in ABC Holdings Limited by African Development Corporation AG.

2012

Fintech

Co-Founder

Fintech

US$490,000

Co-Founded GetBucks Zimbabwe with MyBucks S.A, a microfinance bank, and listed it on the Zimbabwe Stock Exchange at a market cap of US$37 million in 2016.

2012

Investment Holdings

Capital Raising

Investment Holdings

US$2 million

Privately placed 20,000,000 newly issued ordinary shares in Brainworks Limited to Red Rock Capital, a Mauritius investment company.

2013

Logistics

Capital Raising

Logistics

US$2 million

Privately placed 49% shareholding (newly issued) FML Oil Company of Zimbabwe (Private) Limited to Union African Special Investments Limited, a Mauritius investment company.

2013

Investment Holdings

Capital Raising

Investment Holdings

US$4.4 million

Privately placed 55,000,000 newly issued ordinary shares in Brainworks Limited to Red Rock Capital, a Mauritius investment company.

2013

Investment Holdings

Capital Raising

Investment Holdings

US$2.5 million

Privately placed 25,000,000 newly issued ordinary shares in Brainworks Limited to Blue Air Capital, a Mauritius investment company.

2013

Financial Services

Mandatory Offer

Financial Services

US$4 million

ADC African Development Corporation AG mandatory offer to ABC Holdings minority shareholders.

2014

Fintech

Capital Raising

Fintech

US$9 million

Arranged the disposal of 2,000,000 ordinary shares in GetBucks Limited (MyBucks S.A) to an international investor.

2014

Financial Services

Acquisition

Financial Services

US$210 million

Atlas Mara acquisition of 100% shareholding of ABC Holdings Limited.

2014

Financial Services

Adviser

Financial Services

US$130 million

Atlas Mara acquisition of 100% shareholding of ADC African Development Corporation AG.

2014

Fintech

Debt Raising

Fintech

US$5 million

Arranged bank debt to GetBucks Zimbabwe from NMB Bank Limited.

2014-2015

Hospitality

ACQUISITION

Hospitality

US$14.8 million

Structured and executed the takeover of control (57% shareholding through a book building process) in African Sun Limited, a Zimbabwe Stock Exchange listed company.

2007-2015

Real Estate

Acquisition

Real Estate

US$27.4 million

Structured and executed the takeover of control (67% shareholding through a book building process) in Dawn Properties Limited, a Zimbabwe Stock Exchange listed company.

2014

Fintech

DEBT RAISING

Fintech

US$5 million

Structured and executed an on ongoing commercial paper funding program for GetBucks Zimbabwe with Pension Funds in Zimbabwe.

2014

Investment Holdings

Capital Raising

Investment Holdings

US$5 million

Privately placed 62,500,000 newly issued ordinary shares in Brainworks Limited to Blue Air Capital, a Mauritius investment company.

2014

Fintech

Acquisition

Fintech

US$4 million

Acquisition of Nettcash, a mobile payment platform by Mozido LLC, a U.S.A based mobile payments company.

2015

Investment Holdings

CAPITAL RAISING

Investment Holdings

US$8 million

Privately placed 87,500,000 issued ordinary shares in Brainworks Limited to Blue Air Capital, a Mauritius investment company on behalf of Atlas Mara.

2015

Investment Holdings

Placement

Investment Holdings

US$30 million

Placed 352,420,000 newly issued ordinary shares in Brainworks Limited to existing shareholders in a Rights Offer.

2016

Capital Markets

Listings

Capital Markets

US$3.5 million

Listing of GetBucks Zimbabwe on the Zimbabwe Stock Exchange.

2016

Capital Markets

Listings

Capital Markets

US$25 million

Listing of MyBucks on the Frankfurt Stock Exchange.

2016

Investment Holdings

Acquisition

Investment Holdings

ZAR87 million

Acquisition of a controlling stake in Ecsponent Limited, a Johannesburg Stock Exchange listed financial services business.

2016

Capital Markets

Listing

Capital Markets

US$30 million

Launch and listing of GetBucks Zimbabwe Medium Term Note on the Zimbabwe Stock Exchange.

2017

Capital Markets

Rights offer Underwriting

Capital Markets

ZAR20 million

Underwriting of Rights Offer for Ecsponent Limited, a Johannesburg Stock Exchange listed financial services business.

2017

Entrepreneurship

 

Entrepreneurship

Recognised by the London Stock Exchange as one of the top companies to inspire Africa in 2017, in the inaugural edition of London Stock Exchange Group’s Companies to Inspire Africa report.

2017

Capital Markets

 

Capital Markets

Listing of Brainworks on the Johannesburg Stock Exchange on 3 November 2017.

2018

Renewable Energy

Co-founder

Renewable Energy

US$3 million

Co-founded InvestSolar Africa, a renewable energy company focused on financing and developing solar parks in our selected markets in Africa.

2019

Financial Services

FOUNDER

Financial Services

US$1 million

Founded MHMK Capital, a licensed Asset Manager in Zimbabwe.

2019

Financial Services

ACQUISITION

Financial Services

US$29 million

Subscription by Ecsponent Limited for an additional 27,829,313 shares in MyBucks, a Luxembourg-based banking group.

2020

Financial Services

RESTRUCTURE

Financial Services

US$135.3 million

Restructuring of Ecsponent Limited balance sheet and investment portfolio and conversion of ZAR2.3 billion of debt into equity.

2020

Financial Services

ACQUISITION

Financial Services

Acquisition of 85% of Ecsponent Eswatini Limited and subsequently strategically repositioning and rebranding it to ESW Investment Group Limited.

2020

Financial Services

ACQUISITION

Financial Services

US$7 million

Acquisition of 40% of Finclusion Private Limited, a financial services group focused on financial inclusion in African markets through the delivery of technology-enabled financial services.

2020

Financial Services

ACQUISITION

Financial Services

US$13.5 million

Acquisition of 100% GetBucks Botswana, a microfinance group in Botswana and subsequently strategically repositioning and rebranding it to Firstcred Limited.