Kholo Capital lends $17M to South Africa's DCC Holdings
What's the deal? Kholo Capital Mezzanine Debt Fund IDealroom has a profile for this one. Try Dealroom → has provided R275 million ($17 million) in mezzanine debt to DCC HoldingsDealroom has a profile for this one. Try Dealroom →, a South African ICT distributor. The funding will refinance existing debt and support DCC's long-term growth, Kholo Capital said on October 13.
What does DCC do? Founded in 1988, DCC distributes ICT products — spanning personal computing, printing, enterprise infrastructure, and software — from manufacturers including HP, Dell, and LenovoDealroom has a profile for this one. Try Dealroom →. It serves resellers, system integrators, and retailers across Southern Africa.
Who's involved? DCC is backed by private equity firm Kleoss CapitalDealroom has a profile for this one. Try Dealroom →, which co-shareholds alongside senior management. Kholo Capital now joins the group's capital structure.
What's the endgame? The deal shows how "structured mezzanine debt capital can be used to optimise a company's capital structure, refinance existing debt and provide the financial flexibility required to support sustainable growth," said Mokgome Mogoba, managing partner and founder of Kholo Capital.
The signal: Kleoss managing partner Hale Matsipa framed the transaction as a sign of "the positive momentum in South Africa's private markets," pointing to growing collaboration between the country's private markets investors.
Read more: africa-newsroom.com
