Watching PSG Alpha for good deals
Some interesting stories in investment group’s nursery for fledgling deals, including energy and education
On more than a few occasions the Financial Mail has urged investors to pay close attention to the periphery of investment giant PSG Group’s portfolio. No-one should need to be reminded that Capitec Bank, one of the fastest-growing financial services companies in the world, was once no more than a single line of commentary denoting an initiative called Keynes Rational. Highly rated private education venture Curro Holdings — which now has a market capitalisation of almost R19bn — was, seven years ago, a barely noticed R50m investment for PSG. PSG Private Equity is the nursery for PSG’s fledgling investments, and probably stood out a little more than usual because of a name change during the second half of the financial year to end-February.
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