Established in 2014 ABI (Acorn Black Investments) is a South African based private equity investment vehicle, structured in the format of a permanent capital vehicle, and is a Level 1 BEE investor.
Key focal areas of the investment mandate include the following sectors:
- Healthcare (Services and diagnostics);
- Education (Vocational and ancillary);
- Services (Industrial focus) and;
- Property (BEE transaction focus).
ABI initially focused on the Industrial sector in South Africa, due to the shareholders and investment executives, having direct access to family-owned enterprises in this sector. ABI’s evolution has been enabled by the success of its investment executives in various corporate finance mandates in excess of R3bn in value, as advisors to private equity investors and business owners. The benefits of these ventures have allowed ABI to build private investment capital that enables it to invest off balance sheet, in a prudent manner. The involvement of investment partners allows ABI to manage its prudential limits and portfolio management objectives, while enhancing the investment expertise within each transaction.
By virtue of ABI’s 100% Black Women owned and 100% Black designated Group owned status, the organization facilitates businesses compliance with the provisions of the Broad-based Black Economic Empowerment Codes of Good Practice. While the primary function is to assist companies to address the representivity of their equity participants, Acorn Black Investments seeks to strategically assist the companies in which it invests, ensuring the partnership realizes direct measurable benefits, while leveraging off the Empowerment credentials to guarantee sustainable growth.
Our value proposition is to provide relevant market specific value for all stakeholders. ABI’s engrained entrepreneurial spirit has resulted in an ethos of dedication, aspiration and honesty, which we value in every aspect of the organisation. The company’s executives and staff are committed to increasing not only the investment profile of ABI, but providing group companies with tangible support in the fields of finance, transformation, human resources, sales & marketing and operational efficiencies, resulting in realisable and sustainable benefits for all shareholders.
Rehana is a qualified CFA with 10 years’ experience in the Banking and Financial services sector.
Rehana served as a Credit manager in Standard Bank’s Corporate and Investment Banking division with a focus on Power and Infrastructure deals. In addition, her vast exposure in the transaction advisory space (mergers and acquisition), while with Ernest and Young, and her commercial credit experience within FirstRand, forms a foundational advantage to ABI.
Her skills in financial analysis and modelling, due diligence understanding while incorporating macroeconomic and industry specific knowledge, enables ABI to viably invest in predefined sectors.
Over the past 18 years, Brent has spearheaded entrepreneurial ventures in various industries. He has fulfilled executive management roles for South African listed multinationals and has successfully founded, grown and disposed of multiple business. An example of Brent’s achievements has been his selection for the “Top 40 under 40 award. This prestigious achievement aims at acknowledging young talent in and around the Nelson Mandela Bay Metro, who have helped to better the development of the city. Brent has been entrusted with the compliance strategies of a host of listed and multinational companies across South Africa in addition to fulfilling advisory roles to industry/professional bodies such as The National Association of Automotive Components and Allied Manufacturers (NAACAM).
Post graduating off the FirstRand TOPP programme, and qualifying as a Chartered Accountant in 2010, Roshen moved into specialised finance and gained experience across property finance, leverage finance and then private equity, within the FirstRand stable. He has since co-founded two private equity funds that have raised in excess of R500 million, where he is the Chief Financial Officer.
Roshen has played significant roles in the initial minority investment and subsequent majority divestments of healthcare transactions exceeding R2bn in value.