Portfolio Companies
Private equity
investments.
Each investment reflects our conviction in durable business models, strong management and significant long-term growth potential across southern Africa.
Specsavers South Africa is a full franchise optical and audiology retail operation launched in 1993, serving communities across five southern African nations. With 400 stores, the business is one of the region's largest and most trusted providers of affordable professional eye and hearing care. Each store is co-owned and operated by locally licensed optometrists, combining clinical independence with the group's national brand and purchasing scale. Our co-investment reflects deep conviction in resilient, needs-based healthcare retail with strong recurring consumer demand across the region.
FeverTree Finance was founded by St. Thomas Street Investments in 2012 and has organically grown into a large South African consumer finance business. Offering consumer credit, asset finance and franchisee finance solutions, FeverTree is registered as NCRCP19967 and FSP44281 and serves the underbanked segment where traditional credit is limited. Through its growth, FeverTree has made successful investments into both Netcash and PayFlex, extending its reach across the South African fintech ecosystem.
PayFlex is South Africa's leading buy-now-pay-later platform, enabling consumers to split purchases into four interest-free instalments over six weeks. Part of the FeverTree Finance ecosystem, PayFlex is PCI-compliant and has built a rapidly growing merchant network across e-commerce and retail.
Founded in March 2018 in Walmer, Gqeberha by John and J-lee, Jack's Bagels is South Africa's first bagel franchise. From a single artisan bakery it has grown into a multi-province network spanning the Eastern Cape, Western Cape, Gauteng and Free State, pioneering a category entirely new to the South African food service market.
One of South Africa's largest payment processing businesses, Netcash has over 21 years of operational history enabling debit order collections, salary and creditor payments, and e-commerce gateway services for businesses of all sizes. Holding PCI DSS Level 1 and ISO 27001 certifications and registered as a PASA Systems Operator, Netcash is a cornerstone of South Africa's payments infrastructure.