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SABVEST LIMITED - Investment by Sabvest in Apex Partners Holdings Proprietary Limited

Release Date: 01/07/2019 07:05
Code(s): SBV SVN     PDF:  
 
Wrap Text
Investment by Sabvest in Apex Partners Holdings Proprietary Limited

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares
ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares
("Sabvest” or “the Company”)

INVESTMENT BY SABVEST IN APEX PARTNERS HOLDINGS PROPRIETARY LIMITED

Shareholders are advised that Sabvest has concluded agreements to subscribe for a 49% interest
in Apex Partners Holdings Proprietary Limited (“Apex Partners” or “Apex”) and provide funding
to Apex as agreed from time to time.

The controlling interest in Apex is held by Charles Pettit who founded the business in 2017. The
activities of Apex comprise:

 - Advisory: Primarily debt advisory, restructuring advisory and capital raising but also M&A
   and strategic, regulatory and legal advisory to support these services.
 - Investing: Principal investing in debt and equity instruments usually in support of clients in
   opportunities which are complex or outside the mandates of traditional investors and in
   particular distressed or restructuring situations.
 - Lending: Bridge and mezzanine lending, rental and deal bridge financing and convertibles
   directly and via two joint ventures with separate institutional partners.

For more information, visit the Apex website, www.apexpartners.co.za.

The services provided by Apex facilitate and support the investment activities of Sabvest and the
special situation investing and lending by Apex are distinct from those of Sabvest and will augment
Sabvest’s existing investment universe.

In accordance with Sabvest’s investment policy, this is a voluntary announcement as the size of
the transaction does not require a category 2 announcement to be released.

Sandton
1 July 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited

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