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PRIVATE EQUITY
We have established ourselves as one of the leaders in the field of private equity in Southern Africa. Our diverse range of clients demonstrates the fact that private equity is not just for Multi-billion Rand Corporations and listed companies. Private equity is a versatile form of funding that allows enterprises of any size to unlock their real potential without burdening themselves with excessive debt.
We setup and structure private equity transactions, for the investment of private equity capital, in lucrative, secure, high-yielding businesses and projects, that is backed by strong management. But perhaps as important as the capital, is the entry level, the timing, the support and guidance we provide, to grow the value of businesses and assets, in the form of strategic insight and, where necessary, operational, financial and advisory services, and management solutions.
We focus on businesses and projects, with the following characteristics:
· Strong and experienced management team
· Solid business model and structure
· Growth potential
· Strategic market position
· Positive cash flows and profit abilities
Focus industries include:
· Mining & Resources
· General Infrastructure
· Manufacturing
· Financial
· Property
· Transport & Logistics
· Communication
· Energy (extraction, generation, refining, storage, distribution, etc.)
· Water (storage, purification, distribution, etc.)
· Healthcare
· Education
· Technology
· Retail
· Services
· Tourism
· Public Enterprises
· Public Private Partnerships
· All other types will be considered
We have successfully closed a number of private equity investments in various companies and projects. We continue to source additional investment opportunities for Private Equity Funds and investment opportunities for various investors in private equity. CORPORATE FINANCE
We have an experienced transaction and advisory team, ready to partner with listed and unlisted companies, providing the full range of corporate finance services and solutions, to a broad client base.
These services include:
· Corporate structuring, advice and management
· Strategic corporate and transaction input and advice
· Management of mergers and acquisitions transactions
· Empowerment advisory services
· Debt and equity capital markets advisory
· Fairness opinions
· Business and asset valuations
· Capital raising on the open market
· Initial Public Offerings (IPOs) and related solutions
· Exchange listing services and the management thereof
· Identification of corporate opportunities
· Other services and solutions also available.
Our service takes many forms: from analyzing strategic options, to assessing value, to structuring the deal, to designing mechanisms for presenting the deal to the marketplace, to managing the transaction process, to negotiating and securing the optimal terms for a successful closing. We also seek to back our professional judgment in furnishing fairness opinions and other assurance to comfort our clients, investors and regulators. Excellent relationships with regulators, strong working relationships across the corporate sector and a thorough understanding of the local and international market place, are the backbone of our listing services. We have serviced a broad range of clients and successfully closed a number of transactions, across different sectors of the market.
FINANCIAL SERVICES
Foreign Exchange
We offer commercial and corporate clients complete import export foreign exchange solutions. This transparent processing solution is based on best practice methodology, as REUTERS is the benchmark for all spot trading rates, on any specific inward or outward transfer, whilst unlocking value, minimizing costs and freeing up the management time. This transparent treasury solution ensures that our clients secures the best possible exchange rates, better than with their own bank, whilst none of our clients’ funds flow through our own account. This ensures that our clients have the benefits of its own outsourced treasury department, without any additional capital expenditure and unnecessary overheads, like most large and multi-national corporations have.
Treasury Risk Management
We offer medium, large and multi-national businesses a complete treasury risk management solutions on their multi-currency transactions, foreign exposure and multi cash holdings, by quantifying and managing the exchange rate and cash management risk associated to their business. This is achieved by our close working relationship with management and on processes that are expert best practice treasury risk management methodology. As a corporate business, you may be experiencing the below, to which we have cost effective solutions to:
· Rand and other currency volatility are negatively affecting your business
· Exchange rate losses on your income statement
· Under-qualified or shortage of treasury staff
· Inadequate real-time information and communication systems available when needed
· Not securing the best rates of exchange when exchanging foreign currency
· Old, out-dated and slow treasury systems
· Expert market knowledge and skills shortage
· You need the best treasury expertise, but need to keep the costs down.
We also offer businesses with surplus cash and other related money market investments, a complete treasury liquidity and investment management solution. This process is based on low-risk, best practice management methodology, whilst unlocking investment value, cash availability and freeing up management time. We manage our client’s cash and liquidity position, by ensuring that the cash is available when needed, effectively circulated and ensuring that the cash surpluses are well invested at the best possible return rates, in line with our client’s investment policy. We also offer a transparent platform on which a cash and debt portfolio can be administrated, where the derived interest rate risk can be managed in accordance to the client’s investment policy and where all related cash flows and accounting entries on the cash portfolio, debt portfolio and interest rate hedges, are automatically generated and imported into the client’s financial reporting and accounting database.
Financial Management, Accounting, Tax and Payroll
VICI Financial Solutions is a professional financial services company, offering cost effective financial management, bookkeeping, accounting, tax and payroll services to small and medium sized clients. One of the most important pillars of a successful business is the ability to control the financial and administration operations. Without key financial controls and the active monitoring thereof, a business cannot maximize its profits or be sustainable. Proper financial planning and the monthly review of accurate accounting records therefore forms a very important part of the business, as this enables management to judge whether the business are on track, from a financial perspective.
Financial Management Services:
· Financial projections, cash flow and project forecasts
· Financial advice and analysis to management and shareholders
· Advice on business opportunities, proposals, investment strategies and business improvements
· Special investigations into financial fraud, cost reductions, expansions, etc.
· Implementation and assessment of financial policies and internal controls
· Implementation and assessment of financial reporting standards
· Implementation and assessment of accounting and reporting systems
Accounting Services:
· Preparation of annual financial statements
· Monthly management accounts and statements
· General ledger and journals
· Cash books and petty cash
· Monthly customer statements and customer age analysis
· Supplier age analysis and reconciliations
· Inventory and multi-warehousing reports
· Multi-currency reports
· Maintenance of monthly accounting records
· Calculation and submission of Value Added Tax returns
Tax Services:
· Completion and submission of personal income tax returns
· Completion and submission of corporate income tax returns
· Advisory services on tax effective structuring, Income Tax, Capital Gains Tax, Value Added Tax, PAYE, UIF and Secondary Tax on companies, amongst others
Payroll Services:
· Monthly processing and administration of the full payroll system
· Preparation of monthly payslips
· Calculation and submission of PAYE returns
· Preparation of annual IRP5s and related reconciliations
ADVISORY SERVICES
Business Management, Advisory, Turnaround and Rescue Services
Our clients consider us as trusted business advisors and more importantly, business partners. Whether the goal is, to lower costs, improve efficiency, expand, keeping up with today's rapidly changing technology or rescuing businesses from liquidation, our management advisory services can help improve business’ performance, profitability, stakeholders’ value and sustainability. We provide the objectives, guidance, knowledgeable advices and solutions that most management teams require to make the most educated decisions.
We assist all types of businesses - newly formed, growing, well established, recently merged, stagnant and troubled, listed or unlisted. Our experienced professionals can be very valuable during the different phases of the business cycle, assisting with problem solving, planning, expansion, or just being there to listen when you need it most. Whether you need guidance on leadership and management issues or would like to expand your line of business, our experienced professionals have the resources and knowledge to assist.
Our advisory services include:
· Business development services and expansion strategies
· In depth executive business planning and advice
· Business plan formulation and organizational restructuring
· Operational assessments and process engineering
· Business valuations
· Strengthening of internal controls
· Turnaround and business recue consulting services and strategies
· Profit enhancement strategies
· Sales and marketing strategies
· Public relations and business relationships
· Merger and acquisition services
· Due diligence services
· Exit strategy advisory services
· Legal assistance
· Business legal and regulatory compliance
· Finance and economic strategies
· Financial planning and advisory
· Debt and private equity funding advisory
· Insurance and risk management
· Bankruptsy and insolvency
· Executive and management couching, management strategies and staff training
· Product development strategies
· Project management strategies
· Production management
· Information technology strategies
· Security strategies
· Empowerment services and solutions
COMMERCIAL FUNDING
Structured Finance
Our specialist consultants will assist companies and corporations to secure structured finance, by arranging competitive, cost-effective and innovative financing solutions, sourced from financiers, investors and funders. These include Merger and Acquisition Finance, Management Buy-Out/Buy-In Finance, Corporate Debt Restructuring, Development and Expansion Finance, BEE Acquisition Finance, Working Capital and Commercial Finance, Cross-Border Finance, Expansion Capital, etc. Other types will also be considered.
Infrastructure Finance
Given the long term nature of infrastructural assets, the financiers and investors view these assets as a long-term partnership with the private sector, public sector and governments. As a result, the approach is to structure a project that is sound, robust and sustainable in the long-term, with sufficient flexibility to cater for potential variability. These project types include Transport (road, rail, ports, pipelines, terminals, etc.), Power (generation, distribution, power lines, etc.), Energy (refining, storage, distribution, etc.), Water projects, Healthcare projects, Education, Technology projects, etc. Other types will also be considered.
Project, Resource and Energy Finance
Our team of consultants are experienced and able to structure and secure the best funding solutions to fit into our client’s project, resource and energy finance requirements, from financiers and investors. Our team’s experience in the project, resource and energy finance field is vast and varied, giving us a thorough understanding of each sector and the required key elements of success. These include Prospecting and Establishing, Mining and Transportation, Processing and Marketing & Distribution funding. Other types will be considered.
International Trade Finance
There is a growing trend in global markets to use an underlying trade transaction to generate liquidity. We will help you manage the flow of funds associated with a particular transaction, by taking a creative approach to international trade finance and interlinking risk control and financing techniques. We will provide you with a unique opportunity to optimize the risk-return relationship and we are uniquely positioned to assist your business with its international trade finance needs. We will also secure solutions tailored to the needs of your business and provide access to a dedicated and experienced team. These international commodity and trade finance solutions include Import and Export Financing, Pre-Export Financing, Documentary Credits and Collections, Contract Pre-Payment and Pre-Production Financing. All other types will also be considered.
Debtors Book Finance, Administration & Collections
We realize that financing the growth of your business can be a major challenge. Newly developed or established businesses selling on credit terms will eventually need more working capital due to growth. If your credit sales to commercial accounts have created cash flow constraints in your business, your company will benefit by utilizing our services. It is not necessary for business owners to loan capital from a bank in order to offer credit terms to customers. We offer specific Debtors Book Finance, Administration and Collection solutions for your manufacturing and trade financing needs. This is available for South African based companies with a proven track record in their industry. We will arrange and secure suitable tailor made facilities that drives sales growth, increases turnover and improves profitability.
Movable Asset Based Finance
As the preferred commercial movable asset finance origination company, we offer clients specialist movable asset based financing solutions, sourced and secured financiers, investors and funders. We secure asset based financing facilities of up to 100% of the capital requirement, for well-established clients, with a solid and proven track record. These movable assets include Commercial Vehicles (Trucks and Fleets), Earthmoving Equipment (Yellow Metal), Mining Equipment, Manufacturing Equipment, Medical Equipment, Office Automation and Aviation. Other types will also be considered.
Commercial Property Finance
As the leader in commercial property finance arranging and the preferred facilitation company, we specialize in the finance of commercial property, offering tailor-made mortgage bond, building packages and repayment solutions, sourced and secured from financiers and investors. We have the market knowledge, the required skills and the experience to assist our clients, by structuring the best suited facilities, for Multi-purpose Buildings, Offices, Warehouses, Factories, Retail Shopping Centers, and High Volume Residential Complexes. Other types will be considered.
Property Development Finance
We arrange and secure specially structured and tailor-made development finance facilities or “mother bonds” for property developers. We will prepare the applications according to the standards and criteria of the financiers and investors, and ensure that our clients receive an above average opportunity to be granted funding, with uniquely suited structures. Development types include Multi-purpose, Residential, Commercial, Industrial, Retail, Leisure and Community Facilities, amongst others.
We also arrange Property Equity or Mezzanine Development Finance, which is most commonly used in situations where the equity component of the property development company's capital structure is insufficient to satisfy the financiers, who seek to have a sufficient amount of capital subordinate to them, normally in the form of equity or own contribution, to shield them from the loss of any of the capital they lend to property developers. Financiers and funders are generally indifferent to the form of the subordinate capital below them in the capital structure, provided it will be there beyond the term of their loan, not place undue demands on the cash flow on the property developer, and not possess rights greater than theirs. These indifferences makes Equity or Mezzanine Development Finance attractive to property developers since the all-in cost is considerably lower than what is required by other investors, causing this funding instrument to look like "cheap equity" to a company, thus a cost effective alternative. Furthermore, Equity or Mezzanine Development Finance is less dilutive, requiring the owners to give up less of the company or profit share than an equivalent amount of pure equity would require.
Construction Finance and Building Guarantees
Building contractors involved in housing, community facilities, infrastructure or commercial projects, can take on their next building contract with confidence, knowing that VICI can secure construction finance and building guarantees, to ensure that the construction project will be successfully completed and profitable. We will assist our clients by assessing the contractual and financial viability of the project, arrange the necessary building guarantees and construction finance facilities, and provide all the support you need to professionally manage your project. To qualify for a construction finance loan and building guarantee, you must have been awarded a viable contract from a recognized employer (client) in the public or private sector. These project types include Affordable Housing Projects, Subsidy, RDP Housing Projects, Infrastructure Projects, Community Facilities Projects and Commercial Projects.
Mezzanine Finance
Mezzanine finance has long been a component in creating the optimal capital structure for property entrepreneurs and developers, but its importance has increased dramatically within the last years. Due to current abnormal and inflexible development funding criteria, the demand for mezzanine finance has increased significantly. In fact, mezzanine finance is now often the difference between successfully bridging the gap between equity contributions and senior development debt funding, or losing a transaction or project. In conjunction with the traditional financiers, we can now address our client’s needs, by securing and fulfilling the own contribution criteria of the development finance institutions. We do not have specific products, but rather assist clients to structure transactions to obtain maximum growth.
Bridging Finance
The need for Bridging Finance arose from the fact that it is often not worthwhile for a big financial institution to make short term lending facilities available to their clients. Due to the uniqueness of every transaction, a tailor made contract must be drawn up for every transaction. This places immense strain on any legal department and a company must facilitate this. This, together with the urgency of cash needed by our clients, prevents bridging financing from being a profitable option for most large banks. We structure every transaction in such a way that a speedy solution will be found. These include property developers with a temporary cash flow constraint, property sellers that need immediate access to cash from a sold property, property owners who need cash against a property where a bond has been approved, but not yet registered and financing of the second property before the registration of a sale of the first property are finalized. Any other requests will be considered. Our highly qualified staff is geared for the speedy resolution of every possible transaction, by applying their thorough knowledge of financial instruments, legal entities, properties and property transfer processes. In brief, we possess the skills to profitably structure complicated short-term property transactions.
Residential Property Finance
Our company will arrange and negotiate with the banks on the client’s behalf to secure the best home loan facility possible. This will not only be a fair interest rate, but a home loan facility that's structured to suit the client’s specific financial situation and future needs. We will handle all the relevant administration, bank liaison and negotiations, leaving our clients to look for their perfect home. These include Property Buyers, Home Builders, Home Alterations and Renovations and Further Advances to access additional cash from an existing mortgage.
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