Lwazi Capital buys 30% stake in Digby Wells
Black women-owned and -managed company Lwazi Capital has acquired 30% of the issued share capital in environmental advisory firm Digby Wells, which would assist in the ongoing growth of the company.
The transaction brought Digby Wells into compliance with the requirements of the South African Mining Charter and the new Black Economic Empowerment Codes of Good Practice with respect to ownership.
Lwazi Capital identified Digby Wells as an “excellent investment opportunity”, as the company showed consistent, sustainable growth over its 20-year history, while Lwazi Capital would bring knowledge, experience and industry contacts to the table.
“This transaction has taken a long time to come to fruition, as we wanted to get it right and ensure that we have a suitable partner who shares in the company’s vision and who we are happy to work with us in advancing the company’s growth plans,” Digby Wells CEO Graham Trusler said.
“Digby Wells has a solid record; management has experience and passion for the business. The environmental and social sectors are attractive to us, as business and legislation deal with these as sustainable business principles,” commented Lwazi Capital MD Nombini Mehlomakulu.
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