CAPDAN

CAPDAN AND ALLIED EQUIPMENT (PTY) LTD

Growth Capital Partners is pleased to announce that it has recently concluded an investment into Capdan and Allied Equipment (Pty) Ltd (“Capdan”).

Capdan is a newly formed entity that acquired 100% of the businesses of Mars Equipment Manufacturing and Allied Catering Equipment with effect from 1 September 2015.

Mars specializes in the manufacture of the Capdan range of steam pressurized cooking vessels, that are well known in the commercial catering industry. They also design and manufacture bespoke food processing plants for the food manufacturing industry. Allied Catering has local representation for a range of international commercial catering equipment manufacturers, including Convotherm combi-ovens, Hallde vegetable processors, Spar mixers, Classeq dishwashers, Aladdin Temp-rite meal systems and Cambro food service equipment.

Today, Capdan is able to supply their customer base with a unique range of commercial catering equipment.

Growth Capital Partners together with the existing management team acquired the businesses from the original founders and another private equity fund. Debt capital for the transaction was provided by FirstRand Bank Limited.

We were excited about the total funding package Growth Capital Partners was able to bring to the table” said Iain Robertson, CEO of Capdan. “This allowed the management team to significantly increase their participation in the business.

Iain Robertson, CEO of Capdan.

We identified the food sector as one which we believe will offer above average growth” commented Ron den Besten, CEO of Growth Capital Partners. “Partnering with Capdan allows us to effectively tap into this industry’s growth potential. As a company with a 39-year track record, we are confident that Capdan will continue to deliver value for all stakeholders.

Ron den Besten, CEO of Growth Capital Partners.