South Africa: Capitalworks exits boat maker

Capitalworks, a private equity manager, announced the closing of the sale of Robertson and Caine, a South African boat builder, to Vox Ventures, a wholly owned subsidiary of international investment company PPF Group.

The transaction represents the largest foreign direct investment in the boat building sector in South Africa.

Since investing in the business in 2015, Capitalworks has actively worked alongside founder, John Robertson, and the management team to realise the potenti...

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