Africa’s largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had been successful. The fact that Vantage has been successful in raising $377 million for its fourth mezzanine fund demonstrates the growing need among mid-sized African corporations for flexible finance options as well as the fact that investors view Vantage as a leader in this market.
Vantage has supported several success stories in a variety of industries throughout the continent over the past 17 years. Another illustration is Pétro Ivoire, a significant downstream oil and gas distributor in Côte d’Ivoire, where Vantage in 2018 facilitated the region’s first-ever leveraged management buyout.
The hospital group in Morocco has been able to grow its beds fivefold over the past two years, from 120 to 620, with a target of growing to 1500 beds over the coming three years due to the expansion money given to CIM Santé.