Musa Capital Investment Criteria

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Musa Capital Investment Criteria

Fund investment focus

The Fund’s investment focus is the middle market, and the investments are generally in mid-cap (as defined by valuations of between US$20M and US$50M). The Fund provides the required hands-on support across the entire business including, amongst other things, managerial, board level and governance support.

Ownership stakes

  • The Fund typically holds majority or significant minority ownership stakes in its investments.

Size of investment

The amounts of investments typically range between US$2M and US$15M. The investment is generally a combination of equity and structured debt and often is trenched over a period of time to allow management to reach milestones in their business models, triggering the release of further fund capital (including senior, mezzanine, etc.).

Stage of investment

  • The Fund focuses on established, growth phase companies who require expansion capital to fuel their business models.
  • The Fund does not typically focus on start-ups.

Geography

  • Sub-Saharan Africa;

Sectors

Allocated broadly as follows:

  • Telecommunications,
  • Financial Services (specifically Consumer Finance),
  • Mining and Mining Services,
  • Retail and Consumer Goods,
  • Construction; and
  • Renewable energy

New growth platforms:

  • Agri-business processing;
  • Renewable energy