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.

Sirac Southern Africa

SIRAC Southern Africa is an energy efficiency heat pump business, operating in South Africa. The company was the first to enter the residential heat pump market in 2008 when South Africa began experiencing rolling blackouts and looming electricity price hikes. Today, SIRAC is a market leader in both commercial and residential heat pump applications with a national sales footprint.

The management team has been at the forefront of product development with a number of technological innovations driving continual product energy efficiency gains. The company counts a number of leading industrial, mining, leisure, property and parastatal organisations as repeat clients.

Evolution One Fund has deployed expansion capital to assist with growing operations. The transaction has facilitated the employment of additional skilled and semi-skilled labour.

Fund Principals

Wayne Keast
Steven Faure

Fund:

Evolution I

Enterprise Value:

ZAR25 million

Investment Amount:

ZAR20 million

Date of Deal Annoucement:

2013

Investment Year:

2013

Investment Partner:

Sirac Southern Africa

Fund Principals

Wayne Keast
Steven Faure

Fund:

Evolution I

Enterprise Value:

ZAR25 million

Investment Amount:

ZAR20 million

Date of Deal Annoucement:

2013

Investment Year:

2013

Investment Partner:

Sirac Southern Africa

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