South Africa: Spear Capital invests R100mln in RunwaySale
Tuesday, 02 June 2020 13:38
In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed.
The financing will support the expansion of the company, founded in 2012 by Karl and Elmien Hammerschmidt, on a local fashion market that is expected to generate up to $1 billion in revenues this year according to the German stats portal Statista.
RunwaySale, which offers more than 300 fashion brands, intends to continue its development primarily in the local market and probably later in the sub-region.
On the African continent, Spear Capital is present in the consumer goods, retail and health services sector with financing generally ranging from $2 million to $10 million.
Chamberline Moko
Live News
-
Cameroon Orders 3,442 Teachers to Prove Status or Face Payroll Removal
19:43
-
Cameroon Grants Traditional Chiefs Power to Issue Provisional Land Certificates
19:40
-
Cameroon Navigates Tight Global Markets With Multilateral Backing
19:38
-
DRC Prepares Second Phase of Nationwide Airborne Geological Survey
19:09
-
Gabon Pushes to Speed Up Execution of Digital Reform Programs
18:04
-
Namibia’s Cybercrime Bill Sparks Concerns Over Civil Liberties
17:43
-
GSMA Targets Emerging Markets with New Clean Tech Grant Program
17:37
-
Madagascar Launches $3 Million Public Virtual University Project
17:20
-
Senegal Bets on Energy-Telecom Synergies to Enhance Service Quality
17:17
-
Daniel Bekele Expands SME Digital Solutions with Ashewa Technology
17:15
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Xcalibur to launch $297.8 million mapping phase in DRC Three-year surveys to cover 700,000 square kilometers Program aims to modernize data,...
Gabon held the 5th steering committee for the eGabon and Gabon Digital programs on February 23. Authorities aim to strengthen interministerial...
The draft Cybercrime Bill would grant authorities expanded investigative powers over electronic data and communications. The Institute for Public...
Senegal, Canada finalize plans for Dakar-Montreal flights Air Transat to operate twice weekly from June Route expected to boost diaspora...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...