PORTFOLIO

AN IMAGINATIVE AND BALANCED PORTFOLIO

Our focus is on high-growth, emerging market opportunities in South Africa and the rest of Sub-Saharan Africa.

We have partnered with companies that are at the forefront of digital disruption as well as founder-run or family-owned businesses that have been refining their offering for decades. What unifies the companies we invest in is the commitment of their management teams to growing companies that last.

Investment Themes

We seek exposure to regional and global growth prospects through regional expansion strategies within our portfolio companies, as well as direct investments selectively into other countries.

For an attractive risk-adjusted return, we blend our investment types (growth equity, buy-and-build, buyouts) and risk/return profiles (high growth opportunities with more defensive industries) and deploy world-class structuring practices to tap upside whilst protecting downside.

Our investment focus is framed by investment “themes” within which we spotlight specific sectors:

All Connected / Industry 4.0

IoT / Tech / ICT

Education is the Most Powerful Weapon

Schools / Edutech

Data is the New Gold

AI / Big Data / Predictive Analytics

In Sickness and in Health

Health & Wellness / Food / Agribusiness / Medtech

There is no Planet B

Green Solutions / Green Alternatives

Investment Criteria

We work with established companies in our investment focus areas that have a convincing growth thesis, clear focus and a compelling competitive advantage. In particular, we partner with owner-managed businesses that are approaching a new critical juncture and preparing to scale up.

Investment Size:

R50 million to R250 million (in single or multiple tranches).

Enterprise Value:

R75 million (initial as part of platform) up to R2 billion.

Geographies:

South Africa and select other Sub Saharan African countries with global / regional growth prospects.

We seek out management with a strong track record of success, that value honesty and integrity and that demonstrate resilience, resourcefulness and drive. We partner with owners and management who are aligned with, and enthusiastic about, the principles of Sanari’s 3S Solution approach and investment strategy. We’re also looking for a shared commitment to profit with purpose.

We invest in companies that meet the following minimum criteria:

  • Established businesses, with at least 3 years’ operating history.
  • Revenue-generating (significant revenues and beyond proof-of-concept and product-market-fit stages).
  • Inherently profitable and cash generative but will invest in negative EBITDA businesses where investment is made for growth and scaling.
  • Revenues >R50 million (exceptions may apply as it relates to bolt-on acquisitions).
  • Fits with our investment themes.

Small Print

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Legal Stuff

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EDUCATION IS THE WORLD’S MOST POWERFUL WEAPON

EDULIFE GROUP

Edulife Group is the largest independent school group in the Free State, leveraging over 20 years’ experience in primary and secondary education. Edulife currently operates three (soon to be four) schools in Bloemfontein and focuses on providing accessible and affordable quality education and future-proof skills to learners.

Education / Schooling
Founded 1998
Partnered 2019

DATA IS THE NEW GOLD

FERNRIDGE SOLUTIONS

Fernridge is a leading geo-spatial data and solutions provider, offering expert insights to inform location-based business decisions. Clients include retailers, property developers, private equity investors, financial-, healthcare-, education- and public-services providers.
Market Research / Business Services
Founded 2002
Partnered 2017

ALL CONNECTED / INDUSTRY 4.0

JAYCOR INTERNATIONAL

In a world of connected devices and machines, JAYCOR provides specialised connectivity and automation components and services to a wide range of industries.
ICT / Distribution
Founded 1987
Partnered 2017

ALL CONNECTED WORLD / INDUSTRY 4.0

LightWare LiDAR

LightWare LiDAR is a global leader in microLiDAR sensor technology. LightWare develops innovative laser rangefinder products for machine perception applications. LightWare gives ‘eyes to machines’, designing and manufacturing the world’s smallest and lightest precision LiDAR systems for use in drones, robots, autonomous vehicles, smart cities and other applications.

Manufacturing / IoT Sensors
Founded 2012
Partnered 2020

ALL CONNECTED / INDUSTRY 4.0

SENSOR NETWORKS

Through the use of low-cost smart sensors and a proprietary IoT platform, Sensor Networks enables insurance companies to gather relevant, real-time data in order to provide effective predictive analytics. In doing so, insurance companies are able better manage their risk and service their various customer segments.

Internet of Things (IoT)
Founded 2015
Partnered 2018

ALL CONNECTED / INDUSTRY 4.0

iiDENTIFii

iiDENTIFii provides a secure and user-friendly technology platform that authenticates physical identities in a connected world.
Remote Biometric Digital Authentication and Automated On-boarding Technology.