Robertson and Caine mega-deal signed and sealed

The sale of Robertson and Caine to a European investment firm has been finalised, one of the main shareholders has confirmed.

Private equity manager Capitalworks, which invested in R&C in 2015, said the sale was now complete and represented “the largest foreign direct investment in the boatbuilding sector in South Africa”. The new owners are Vox Ventures, a wholly-owned subsidiary of international investment company PPF Group.

In a joint statement Capitalworks called the sale “a significant endorsement of the world class skills, intellectual property and manufacturing capacity that the region has developed in the (South African) maritime sector.

Darshan Daya, co-founder of Capitalworks, said the transaction was also “testament to how active private equity partners can unlock the growth potential in world-class South African businesses and facilitate the introduction of strategic long-term shareholders.” “The transition of ownership to Vox Ventures offers exciting new opportunities for Robertson and Caine to leverage PPF’s significant manufacturing and technical expertise to continue to grow and develop the Leopard brand,” Daya said.

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