Vantage Capital Provides NAD80M of Debenture Funding to United Africa Group (Sub-Saharan Africa)
Source: Vantage Capital
Pan-African mezzanine fund manager Vantage Capital has provided a debenture facility of NAD80 million (approximately US$5.5 million) to Namibia-based hospitality and property company United Africa Group (UAG). The transaction was structured through Vantage Capital Fund III. UAG will use the funding to support its equity contribution to the construction of a new Hilton Garden Inn located in Windhoek, Namibia.