https://www.engineeringnews.co.za

Jaycor sells 53% stake to black-owned equity firms

7th July 2017

By: Creamer Media Reporter

     

Font size: - +

Provider of specialised cables, connectors, infrastructure and related active components Jaycor International has sold a 53% stake in the company to black women-owned investment company Moshe Capital and private equity investment firm Sanari Capital.

Jaycor founders and executive directors own the balance of the company.

The company on Friday said the transaction, which results in 30% black women ownership, paves the way for sustainable and inclusive growth, and economic transformation for the business, staff and shareholders.

“Jaycor is a proudly South African business and is deeply committed to broad-based black economic empowerment, economic growth, social and skills development for the benefit of all. The empowerment transaction further affirms Jaycor’s commitment to inclusive ownership and transformation,” said Jaycor found and MD Jeff Pokroy.

Moshe Capital CEO Mametja Moshe added that Jaycor “is a remarkable niche market player in the cabling industry. We look forward to unlocking value and growing together to become a global cabling player of reference.”

Sanari Capital principal Moushmi Patel noted that, through the transaction, the company saw “tremendous” potential to tap into the growth of the “connected enterprise”, automation and Industry 4.0.

“We have been extremely pleased with our investment to date and management’s creative avenues to unlock new growth opportunities in a traditional industry, not the least of which is its smart e-commerce platform.”

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.126 0.176s - 137pq - 2rq
Subscribe Now