Financial services firm Nedbank Corporate and Investment Banking (CIB) has provided diversified industrial investment company Thesele Group with a financing solution that boosts Thesele's growth potential and cash flow.

Thesele Group aims to be an investment partner that creates lasting economic and social value. The group collaborates with companies that have strong growth prospects and help them unlock more value, Nedbank says.

Thesele Group, established by Sello Moloko and Thabo Leeuw in 2005, is a diversified business with investments in key sectors, such as financial services, industrial, automotive transport and energy infrastructure.

Thesele Group is among the capital allocators on which Nedbank CIB has actively focused, the bank adds.

“Capital allocators are entities that make key decisions that drive shareholder value creation, such as investment holding companies, private equity firms and family offices. These clients need a strategic financial partner who understands their needs and is ready to support them and share their vision for the long term.”

Nedbank CIB has been a partner for Thesele Group since 2018 and has worked closely with it to understand its needs and challenges and create customised solutions for them.

This latest refinance deal provides a mezzanine funding solution, which combines features of debt and equity, thereby giving the funder the option to own a part of the company. This type of financing offers more flexibility and a lower cost of capital than traditional debt, the bank says.

“Nedbank CIB has shown a deep understanding of our business and our vision and has delivered a financing solution that fits our requirements and enhances our value proposition. We are confident that this refinance deal will enable us to pursue new opportunities and to grow our business further,” says Thesele Group CE and co-founder Leeuw.

“The financing solution is in line with Thesele Group's growth strategy and goals,” adds Nedbank CIB principal finance head Gareth McElhone.