When was Vantage Capital founded?

Vantage Capital was founded in 2001.

Where is Vantage Capital's headquarters located?

Vantage Capital's headquarters is located in Johannesburg (South Africa).

How many companies has Vantage Capital invested in?

Vantage Capital has invested in 31 companies, including Vumatel & Promamec.

Which companies has Vantage Capital invested in lately?

Modern Coatings & Commercial Energy South Africa are the latest investments by Vantage Capital.

What sectors does Vantage Capital focus on for investments?

Top sectors in Vantage Capital's portfolio are Real Estate and Construction (7 investments) and Business Services (3 investments).

How many exits has Vantage Capital been involved in?

Vantage Capital's portfolio has seen 3 IPOs and 4 acquisitions.

Vantage Capital - 2026 Investor Profile, Portfolio & Investment Trends

Vantage Capital, established in 2001, is a private debt fund primarily based in Johannesburg, South Africa. It specializes in financing Conventional Debt round of companies based in South Africa. Its portfolio includes 31 firms, spanning the Real Estate and Construction, Business Services sectors.

As of Aug 2026, Vantage Capital has witnessed 7 portfolio exits so far. Its most notable investments include companies like Vumatel, Promamec and AfriSam.

Its latest investment was a $45M Conventional Debt round in Modern Coatings on May 06, 2026.

Key Metrics

Founded Year

2001

Location

Johannesburg, South Africa

Portfolio Companies

Vumatel, Promamec & 29 more

Sectors of Investment

Real Estate and Construction, Business Services & 13 more

Stages of Investment

Conventional Debt, Series A & 4 more

Locations of Investment

South Africa, Egypt & 8 more

View Vantage Capital's full profile

Vantage Capital has a portfolio of 31 companies. Their most notable investments are in Kwikspace and Comcorp.Their portfolio spans across South Africa, Egypt, Morocco and 7 more locations. They have invested in Real Estate and Construction, Business Services, Energy and 12 other sectors, across stages such as Conventional Debt, Series A and 4 more. Here is the list of top investments by Vantage Capital:

1. Vumatel

Vumatel provides fiber infrastructure to the service providers in the selected suburbs in South Africa. It installs and operates an open access fiber network which is open to any service provider on equal terms. Its network is used to provide services including internet, IP TV, and VoIP.

Key facts about Vumatel

Founded Year: 2014
Location: Johannesburg (South Africa)
Stage: Acquired
Employee Count: 1,193 as on Jul 31, 2026
Investors: Convergence Partners, Vodacom and 3 Others
Latest Funding Round: Series A, Jun 08, 2018, $*****
Highlight: Acquired

2. Promamec

PROMAMEC develops surgical equipment. They have production units including weaving and conditioning unit of gauze band, draping production unit, and sterilization unit. They focus on the therapeutic areas including anesthesia, urology, neurosurgery, gynecology, radiology, etc. The company has manufacturing facilities certified by ISO 9001: 2015.

Key facts about Promamec

Founded Year: 2003
Location: Casablanca (Morocco)
Stage: Series C
Total Funding till date: $41.7M
Employee Count: 324 as on Jul 31, 2026
Investors: Europa, Vantage Capital and 1 Other
Latest Funding Round: PE, Dec 22, 2025, $*****
Highlight: Editors' Pick

3. AfriSam

Manufacturer of cement, ready-mix concrete, and aggregates. It provides a variety of cement types for diverse construction applications, including high-strength and rapid-hardening options. Ready-mix concrete offerings cater to various needs, from standard mixes to specialized formulations for specific projects. Aggregate products encompass road stone, concrete aggregate, and other specialized materials. The company also offers technical expertise and support to its customers.

Key facts about AfriSam

Founded Year: 2006
Location: Roodepoort (South Africa)
Stage: Late Stage
Investors: Ethos Private Equity, Ata Capital and 1 Other
Latest Funding Round: PE, 2013, $*****

4. Tsebo Solutions Group

Key facts about Tsebo Solutions Group

Founded Year: 1970
Location: Johannesburg (South Africa)
Stage: Acquired
Employee Count: 5,917 as on Jul 31, 2026
Investors: Capital Group, WDB Investment Holdings and 4 Others
Latest Funding Round: PE, Jul 25, 2017, $*****
Highlight: Acquired

5. Primedia Group

Primedia is a provider of advertising services. It is an African focused media and advertising group which provides content and digital solutions to connect brands with an engaged and responsive audience. It provides a wide range of out-of-home advertising, outdoor advertising, radio, and mall advertising solution.

Key facts about Primedia Group

Founded Year: 1994
Location: Sandton (South Africa)
Stage: Series B
Employee Count: 1 as on Jul 31, 2026
Investors: Ethos Private Equity, Mineworkers Investment Company and 2 Others
Latest Funding Round: PE, 2017, $*****

View the full list of portfolio companies

Vantage Capital has invested in 32 companies over the last 21 years, with an average of 1 new investment annually in the last 10 years. As of May 2026, it has made 2 investments in this year. Its most recent first time investment was in Modern Coatings and most recent follow-on round was in Vumatel.

Here are Vantage Capital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	2	0	2
2025	0	0	0
2024	0	0	0
2023	1	0	1
2022	1	0	1
2021	1	0	1
2020	2	0	2
2019	0	0	0
2018	3	0	3

View all investments by Vantage Capital

Vantage Capital has made 10 investments in Conventional Debt stage with an average round size of $19.5M, 3 investments in Series A stage with an average round size of $20M and 2 investments in PE stage with an average round size of $20M.

Here are Vantage Capital's investments by stage:

Stage of entry	No. of Investments
Conventional Debt	10
Series A	3
PE	2
Series B	1
Series C	1
Others	1

Note: We have considered here, only first round of investments

View all investments by Vantage Capital

Vantage Capital has a diverse portfolio, with companies operating in the Real Estate and Construction, Life Sciences, Telecom, Chemicals and Materials and Conglomerates. Notably, it has invested in 11 Enterprise (B2B) companies, 5 Consumer (B2C) companies, 3 Tech companies and at least 2 companies focusing on Software.

Here are Vantage Capital's investments by sector:

Sector	No. of Investments
Real Estate and Construction	5
Life Sciences	2
Telecom	2
Chemicals and Materials	1
Conglomerates	1
Others	6

Note: We have considered here, only first round of investments

View all investments by Vantage Capital

Vantage Capital has made most investments in South Africa (6), followed by Egypt where it has made 2 investments.

Here are Vantage Capital's investments by geography:

Country	No. of Investments
South Africa	6
Egypt	2
Morocco	2
Ghana	1
Ivory Coast	1
Others	4

Note: We have considered here, only first round of investments

View all investments by Vantage Capital

Vantage Capital has made 2 investments in 2026 so far - Modern Coatings and Commercial Energy South Africa.

Here are the most recent investments by Vantage Capital:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 06, 2026	Modern Coatings	Egypt	Conventional Debt	1397	-
Mar 02, 2026	Commercial Energy South Africa	-	Conventional Debt	2597	-
Jul 27, 2023	Promamec	Morocco	Series C	7914	-
Jan 21, 2022	Collins Residential	South Africa	Conventional Debt	7703	-
May 25, 2021	Pickalbatros Hotels	Egypt	Conventional Debt	7054	-

See more recent investments made by Vantage Capital

3 of Vantage Capital's portfolio companies have become public. Bonyan got listed on the Egyptian Exchange (EGX), in Jan 2025 and Ptro Ivoire got listed on the Euronext Exchange (Euronext).

Here are Vantage Capital's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Bonyan	Jan 22, 2025	-	-	6730
Ptro Ivoire	Oct 13, 2011	Dec 04, 2018	Conventional Debt	1226
York Timbers	Jan 01, 1946	-	-	5752

View more details about public companies in Vantage Capital's portfolio

4 companies from Vantage Capital's portfolio have been acquired. The most recent acquisition was Vumatel in Apr 2019 for $*****.

Here are Vantage Capital's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Vumatel	Apr 30, 2019	Apr 2016	Venture Debt	2977
Safripol	Jan 01, 2017	-	-	2965
Tsebo Solutions Group	Sep 19, 2016	-	-	7245
TrenStar	Jul 28, 2008	-	-	6653

View all acquired companies in Vantage Capital's portfolio

Over the past 21 years, 4 investors have co-invested in Vantage Capital's portfolio companies. This includes only funds.

Invested before Vantage Capital: Investec, Europa and 1 other have invested in rounds before Vantage Capital. There is 1 company where Investec has invested before Vantage Capital and 1 company where Europa has invested before Vantage Capital.
Invested after Vantage Capital: Community Investment Ventures (1 company) is the only investor which has invested in Vantage Capital's portfolio after their investments.