Centaur Ventures, the mining and natural resources investment arm of investment holding company Centaur Holdings Ltd, has signed a USD100 million revolving credit facility with a UAE based private family office.
The funds will be used to expand the mining and natural resources projects of Centaur Mining predominantly in South Africa. Centaur’s Mining arm, which is based in South Africa, have received reserve bank approval for ZAR1.5 billion for the funds to be deployed in South Africa.
The deal, which was agreed at a 4 per cent coupon, will see Centaur’s Asset Management arm serve as the advisor to Centaur Ventures. Centaur Ventures are based in Dubai, with additional offices in London, Hong Kong and Bermuda.
Centaur Ventures was established with a specific focus on investments in the mining and natural resources sectors in South Africa, USA, UK and Australia. The firm employ a range of investment structures, including common equity via private placements or proprietary investments, debt, Islamic debt, convertible debt, bridge loans and credit support.
The Centaur Asset Management team manages all investments on behalf of Centaur Ventures, and employs a focused and systematic investment process which aims to create value through rigorous analysis and selection of prospective investments, proactive portfolio monitoring and management, and carefully identified exit strategies.
Daniel McGowan, Chief Executive Officer of Centaur Holdings, says: “This is a significant development for our business, and will allow us to place considerable investment in a number of our ongoing projects. There is a real sense of momentum behind the business at present, and we expect this deal to further boost our mining capabilities in South Africa, as we seek to deliver even stronger returns to our investors.”