Kholo Capital Mezzanine Debt Fund I (Kholo Capital) and Maia Capital Partners (Maia Capital) announced on Tuesday that they have partnered to provide R250-million in mezzanine debt funding to the Catapult Group (Catapult). Kholo Capital is a specialist alternative investment fund manager, focusing on high social impact sectors, while Maia Capital is a private debt investment company seeking to combine competitive financial returns with beneficial social and environmental impacts. Catapult manufactures and distributes specialised building products for the commercial, residential and industrial markets and has a retail distribution network of 3 000 stores.

“We are delighted to be part of this growth and refinancing transaction with the Catapult Group,” affirmed Kholo Capital co-founder and managing partner Zaheer Cassim. “Our R250-million investment will assist [Catapult] with its growth objectives and provide additional financial flexibility which positions the company for sustained growth and further value creation. This growth will in turn create new jobs over the investment period, which is a key focus of the Kholo Capital investment mandate.”

“This significant investment highlights Maia Capital’s commitment to fostering sustainable development, particularly in one of our key impact themes of access to affordable, quality housing,” highlighted Maia Capital CEO Tshandu Ramusetheli. “By supporting Catapult, we are taking meaningful steps to ensure that all individuals have access to essential housing and services. This partnership exemplifies our belief that impactful investments can drive both economic growth and social progress.”

“The support from Kholo Capital and Maia Capital will enhance our ability to deliver long-term value to our customers, employees, and shareholders,” noted Catapult chairperson Robin Vela. “Importantly, the investment will also facilitate job creation and contribute positively to the broader South African economy, an outcome we are deeply committed to. We extend our gratitude to Kholo Capital, Maia Capital, our equity partners and our management team for their unwavering belief in Catapult’s potential. Together, we are well positioned to achieve our strategic objectives and unlock sustainable growth.”

“Catapult is supported by a strong management team and established equity sponsors with solid net asset bases and extensive industry expertise,” pointed out Kholo Capital co-founder and managing partner Mokgome Mogoba. “The business has consistently delivered strong earnings performance, supported by long-established brands, highly recognisable building products, and a dominant market share in its key segments. We look forward to providing strategic input, adding value and propelling [Catapult] to achieve its growth objectives.”