ata-about-sliders-bg-grey ATA FUND I INVESTMENTS
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TRANSACTION CLOSE DATE

March 2012

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LOCATION

South Africa

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SECTOR

Energy

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SHAREHOLDING

32.2%

Sector: Energy

Type: Piped and Compressed Natural Gas (CNG) supply

Established: 2002

Innovation: SLG has helped many industrial companies to convert their primary energy consumption from traditional forms of fuel such as diesel, HFO, and coal to more environmentally friendly natural gas. For example, over 80% of its current customers previously consumed these non-renewable fuels. SLG is therefore making a positive contribution to reductions in greenhouse gas emissions

Status: Currently the second largest Piped-Gas trader and the largest supplier of Compressed Natural Gas (CNG) to industrial and commercial companies in Southern Africa

Co-investors: Kwande Capital, DBF Capital Partners and management

Why we invested

  • Opportunity to partner with and support strategic empowerment partners in the purchase of SLG to improve the competitive landscape and transform the industry
  • SLG was a regional player and had opportunities for growth opportunities across the country
  • Long-term gas supply agreements with upstream suppliers in place
  • Strong and experienced management team

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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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