ata-about-sliders-bg1 ATA FUND II INVESTMENTS
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TRANSACTION CLOSE DATE

August 2013 (Exited in 2018)

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LOCATION

South Africa

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SECTOR

Energy

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SHAREHOLDING

9% in Tosaco

Sector: Energy

Type: Refining and Marketing

Established: 2003

Innovation: Growth strategy in place to expand retail business footprint nationwide

Status: Consortium of diverse BEE entities which purchased a 25% stake in Total South Africa (TSA)’s refining and marketing operations

USPs: Relationship with The Total Group, one of the largest integrated oil and gas companies in the world. Strong network of over 500 service stations throughout South Africa. TOSACO is positioned for sustainable performance in a lower oil price environment

Co-investors: Calulo Energy Investments, Southbase Investment, Capital Oil, Development/Employee Trust, Remgro

Why we invested

  • Significant player in a key sector of the economy
  • Highly regulated, mature industry
  • Strong network of service stations throughout South Africa
  • Solid business with strong turnover growth and cash flows
  • Progressive dividend policy

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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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