Vantage Capital Invests ZAR200 Million in New GX Capital (Sub-Saharan Africa)

Source: Vantage Capital

Pan-African mezzanine fund manager Vantage Capital has provided a ZAR200 million (approximately US$13.6 million) expansion capital facility to South Africa-based investment company New GX Capital. The transaction was structured through Vantage Mezzanine Fund III. New GX Capital will use the new financing for additional investments in the telecommunications infrastructure, energy, waste management and information technology sectors in South Africa and the rest of the African continent.