https://www.engineeringnews.co.za
Financial|Services
Financial|Services
financial|services

ARC Investments sets out to raise R750m to invest in ARC Fund

21st November 2023

By: Creamer Media Reporter

     

Font size: - +

Empowerment investment holding company African Rainbow Capital (ARC) Investments plans to raise R750-million through a fully committed and underwritten non-renounceable rights offer.

The rights offer is aimed at raising additional capital for ARC Investments to invest in the ARC Fund for use in its existing portfolio companies, as well as for future acquisition opportunities.

The ARC Fund will continue to invest in terms of its investment strategy and mandate, focusing on new market expansions for mobile data provider Rain Group Holdings; continued expansion opportunities at financial services provider Tyme; and supporting the investment strategies of various fast-growing ARC Fund investee companies such as Autoboys, Linebooker and Apollo.

ARC Investments states that the rights offer funding should be sufficient to meet the medium-term funding requirements of the ARC Fund, considering that a number of companies in the portfolio are maturing and that the combined portfolio is expected to become more cash-generative during the next 12 months.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 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:0.324 0.384s - 176pq - 2rq
Subscribe Now