ata-about-sliders-bg2 ATA FUND III INVESTMENTS
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Novasun Products
Proprietary Limited

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TRANSACTION CLOSE DATE

December 2020

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LOCATION

South Africa

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SECTOR

Fresh Produce

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SHAREHOLDING

25.1%

Sector: Fresh Produce

Type: Sub-tropical fruit ripening facility, processing, packaging and distribution

Established: 1994

Status: Enduring, exclusive supply relationships with key retailers for over two decades, with one of the highest attainable ratings levels

USPs: Zero lead time supply of fresh, quality, pre-packed fruit to the local market; export-quality fruit and exclusive varietals sourced year-round from diversified local and international grower network; premium customer service

Co-investors: Founding shareholders, management, and employment ownership scheme

Why we invested:

  • Established business with a track record of over 26 years and an experienced management team
  • A longstanding and exclusive relationship with one of the top retailers in the country
  • Innovative processes and exceptional service levels
  • Robust sales performance despite business cycles – proven business resilience during COVID-19
  • High profitability and consistent dividend history
  • Strong growth prospects with opportunities for new product launches and fruit varietals

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Ata Capital (Pty) Ltd (Registration Number 2006/028451/07) is an authorised Category I and II Financial Services Provider (“FSP”) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS Act”) with FSP number 46869. The information and/or opinions contained herein should not be construed as advice as defined in the FAIS Act; neither do they constitute a solicitation, invitation or investment recommendation. Investors should take cognisance of the fact that there are risks involved when buying, selling or investing in any financial product. The value of investments may fall as well as rise, and investors may not recover the capital invested.

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