Relationships Dating
Blue Wolf Capital Management Secures Investment Commitment From Leading South African Company
NEW YORK, Sept. 11 /PRNewswire/ -- Blue Wolf Capital Management LLC, a New York-based private equity firm, today announced that it has secured a $33.5- $43.5 million investment commitment from Johnnic Holdings (Johnnic) , a South African investment company.
"We believe our focused investment strategy allows us to identify and create value in companies that are overlooked by most private equity firms," said Blue Wolf founding partner Josh Wolf-Powers. "Along with our partners, we have extensive successful experience as investors in these types of situations. This experience has been informed by our varied experiences in the public sector, in finding tough-minded but creative solutions to seemingly intractable problems."
Johnnic is an affiliate of Hosken Consolidated Investments (HCI) , a South African publicly traded company. The family of companies, which has a combined market capitalization of $999 million, as of September 6, 2006, operates as an investment holding company. It typically takes controlling interests in the companies in which it invests, which include middle-market broadcast media, hotel, gaming, financial services, and manufacturing companies. HCI's shareholders include some of the largest and most sophisticated global emerging markets investors, as well as foundations serving South African workers and their families.
"This investment represents a wonderful vote of confidence from a sophisticated and successful team whose middle-market investment strategy is almost identical to ours," said Blue Wolf founding partner Adam Blumenthal. "I have enjoyed a long-standing, close working relationship with John Copelyn, CEO of both Johnnic and HCI, and Marcel Golding, Chairman of each company, dating back to 1994. Josh and I welcome Johnny's and Marcel's experience and expertise, and look forward to this new chapter in our relationship."
"Prior to our recent ten-year history in the private sector, Marcel and I fought for social change as apartheid-era union leaders and post-apartheid elected officials in South Africa," said Copelyn. "Our shared experiences in the public sector gave us unique insights into complex businesses that most investors see as no-win situations. We have used these insights to acquire and build companies in our domestic market. The time has come for us to expand by putting our skills and a portion of our capital to work in the US market. We are thrilled to partner with experienced private equity professionals that we know well to meet that strategic objective."
"In my thirteen years with American Capital, we built a small firm with a focus on employee-ownership-based transactions and saving jobs in the US into one of the most successful and diversified publicly traded buyout and mezzanine funds in the country," added Blumenthal. "Similarly, our partners at HCI began with a focus on economic empowerment in South Africa, and have grown into a powerful leading firm in that country, with a growing global presence. We have asked Johnny and Marcel to serve on our Investment Committee because we have been so impressed with their strategic investment sense, built on decades of varied experience. Utilizing our collective experiences, we intend for Blue Wolf to address an important market gap."
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NEW YORK, Sept. 11 /PRNewswire/ -- Blue Wolf Capital Management LLC, a New York-based private equity firm, today announced that it has secured a $33.5- $43.5 million investment commitment from Johnnic Holdings (Johnnic) , a South African investment company.
"We believe our focused investment strategy allows us to identify and create value in companies that are overlooked by most private equity firms," said Blue Wolf founding partner Josh Wolf-Powers. "Along with our partners, we have extensive successful experience as investors in these types of situations. This experience has been informed by our varied experiences in the public sector, in finding tough-minded but creative solutions to seemingly intractable problems."
Johnnic is an affiliate of Hosken Consolidated Investments (HCI) , a South African publicly traded company. The family of companies, which has a combined market capitalization of $999 million, as of September 6, 2006, operates as an investment holding company. It typically takes controlling interests in the companies in which it invests, which include middle-market broadcast media, hotel, gaming, financial services, and manufacturing companies. HCI's shareholders include some of the largest and most sophisticated global emerging markets investors, as well as foundations serving South African workers and their families.
"This investment represents a wonderful vote of confidence from a sophisticated and successful team whose middle-market investment strategy is almost identical to ours," said Blue Wolf founding partner Adam Blumenthal. "I have enjoyed a long-standing, close working relationship with John Copelyn, CEO of both Johnnic and HCI, and Marcel Golding, Chairman of each company, dating back to 1994. Josh and I welcome Johnny's and Marcel's experience and expertise, and look forward to this new chapter in our relationship."
"Prior to our recent ten-year history in the private sector, Marcel and I fought for social change as apartheid-era union leaders and post-apartheid elected officials in South Africa," said Copelyn. "Our shared experiences in the public sector gave us unique insights into complex businesses that most investors see as no-win situations. We have used these insights to acquire and build companies in our domestic market. The time has come for us to expand by putting our skills and a portion of our capital to work in the US market. We are thrilled to partner with experienced private equity professionals that we know well to meet that strategic objective."
"In my thirteen years with American Capital, we built a small firm with a focus on employee-ownership-based transactions and saving jobs in the US into one of the most successful and diversified publicly traded buyout and mezzanine funds in the country," added Blumenthal. "Similarly, our partners at HCI began with a focus on economic empowerment in South Africa, and have grown into a powerful leading firm in that country, with a growing global presence. We have asked Johnny and Marcel to serve on our Investment Committee because we have been so impressed with their strategic investment sense, built on decades of varied experience. Utilizing our collective experiences, we intend for Blue Wolf to address an important market gap."
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