Financing: Inspired Evolution

Contact details

Address: Suite 10, 1st Floor, Amdec House, Steenberg Office Park, Tokai, 7945
Telephone: 021 702-1290
Fax: 021 702-1483
E-mail: info@inspiredevolution.co.za
Website: www.inspiredevolution.co.za

Fund details

Name of fund: Evolution One Fund
Size of fund: US$93m (circa R700m)
Funds invested to date at cost: R52,5m

Investment Preferences

Minimum investment: R10m
Maximum investment: R100m plus (with co-investment rights)
Willing to syndicate: Yes
Average current investment size: R30m-R70m
Industry excluded: Tobacco, alcohol, gaming, fixed asset (Property), Defence, select environmental category exclusions
Industry Preferences: Multisectoral cleantech – new energy & environment
Stage of investment: Mostly expansion stage/some start up and early stage limited LBO
All stages except: Angel and seed (some seed capacity)
Minimum and Maximum equity usually taken: Significant minority 25,1% to control positions of 51% (may dilute in larger investments)
Geographical Preferences: SADC region countries
Contacts: Christopher Clarke, Michael Brooks, Zuko Kubukeli, Campbell Barnes