Vantage Capital exits after seeing Vumatel through to No 1 status
Vumatel has become SA’s largest fibre-to-the-home network provider since the fund manager’s investment in 2016
06 May 2020 - 19:34
Mezzanine debt fund manager Vantage Capital said on Wednesday that it had fully exited its investment in fibre-to-the-home operator Vumatel.
“Mezzanine” refers to a hybrid of debt and equity financing that gives the lender the right to convert to equity interest in the case of default by a financed company. ..
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