Mahogany Private Equity
Mahogany Private Equity has been a 25.1% shareholder in FSM since November 2010. Mahogany is a specialist private equity company and its vision is to acquire significant equity stakes in companies, with long-term shareholding aspirations. Mahogany is majority black woman owned and controlled, which makes it an ideal partner for companies seeking black economic empowerment.
Mahogany believes in paying fair value for its investments and is driven by the ethos of working in partnership with management and fellow shareholders.
Mahogany is invested in the following companies:
- Lireas Holdings
- Avlock International
- DHL Global Forwarding
- Fabricated Steel Manufacturing Company (FSM)
- Powertech Calidus
- Vanderlande Industries
- Clear Edge Filtration
Mahogany is represented by 2 Non Executive Directors on FSM’s Board and is actively involved in the strategic management of FSM.
For more information on Mahogany, please visit their website www.mahoganyprivateequity.co.za
In 2012, FSM entered into an Enterprise and Supplier Development agreement with Cape Winds, managed by Mr Ashraf Allie. In terms of this agreement, FSM agreed to pay certain operational costs for Cape Winds and pay an upfront marketing fee for Cape Winds to identify and develop business opportunities for both FSM in the Cape and Cape Winds on a National basis.