Vantage Capital provices expansion capital facility to New GX Capital, which plans to expand interests in telecommunications, energy, waste management, information technology in South Africa, Vantage says in e-mailed statement.
* New GX is 100% black-owned, family-owned;
* This is Fund III’s 5th investment; fund targeting final close of 4b rand, 40% South Africa allocation;
* NOTE: Vantage is Africa’s largest mezzanine fund manager. Source: Bloomberg