To profit with purpose

The overarching mission is to profit with purpose by providing a specialised and experienced financing platform that will structure select investments to accelerate clean and sustainable energy infrastructure, energy and resource efficiency solutions (and related business models and services), and the supply chains that support them, which provide measured positive development outcomes for sub-Saharan Africa’s future.

Abagold

Abagold is a commercial abalone farm located in the new harbour of Hermanus in the Western Cape, South Africa. The Company has been successfully producing abalone for the Asian market for the last 10 years. Operations have been continuously improved and scaled up to a point today where Abagold successfully harvests a couple of hundred tons of the highest quality abalone per annum, exclusively exported to the Far East.

The management team at Abagold has a deep understanding of abalone farming and is accordingly incentivized to ensure the Company remains the industry leader. The 240 staff employed are trained and their skills upgraded on a continuous basis to ensure that the highest standards of animal management techniques are practised.

Evolution One Fund has deployed expansion capital to grow operations using an innovative and cleaner farming technology. The transaction will facilitate the empowerment of the local community through the funding of an employee trust and will contribute towards protecting an increasingly endangered South African species from extinction through promoting sustainable mariculture practices.

Fund Principals

Wayne Keast
Steven Faure

Fund:

Evolution I

Enterprise Value:

ZAR620 million

Investment Amount:

ZAR52.5 million

Date of Deal Annoucement:

2010

Investment Year:

2010

Fund Principals

Wayne Keast
Steven Faure

Fund:

Evolution I

Enterprise Value:

ZAR620 million

Investment Amount:

ZAR52.5 million

Date of Deal Annoucement:

2010

Investment Year:

2010

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