Silvertree plans to invest over USD 10m (ZAR 130M) in the next 12 months into new and existing portfolio companies that make use of technology to reach consumers, with a focus on growth stage and buy-out opportunities
South African-based Internet platform Silvertree Internet Holdings has announced the appointment of ex-Reckitt Emerging markets CEO as as non-executive Chairman of the Board. This is as it recently reached the milestone of over USD 15m (approx. ZAR 200m) channeled into African consumer-focused technology companies since inception in 2014. The portfolio has achieved an average >200% annual revenue growth, helped by fast-growing companies like car buying site carzar[dot]co[dot]za and meal-kit delivery company ucook[dot]co[dot]za.
Mr. Caspers as CEO of Emerging Markets (including Africa) of Reckitt Benckiser grew sales from 1 to 8bn USD and profits 16 times while creating a shareholder value increase of over 20bn USD during his tenure and managing a portfolio of companies with sales in over 100 countries and 25.000 people.
Silvertree believes the biggest opportunities for tech investment in Africa are in businesses driven by strong teams that are executing simple, proven models. Furthermore, a focus on all three long term value creation drivers Net Revenue growth, margins and cash allows the group’s operations to reach breakeven much earlier in their life-cycle.
Mr. Caspers said, “I have great ambitions for Silvertree: to build it into the most successful internet technology company across Africa. Similarly to my approach at RB, exceptional people with a performance driven culture and executional excellence will be key to our value creation to transform economic growth across the region.”
Looking forward, Silvertree plans to invest over USD 10m (ZAR 130M) in the next 12 months into new and existing portfolio companies that make use of technology to reach consumers, with a focus on growth stage and buy-out opportunities. Silvertree has a unique owner and operator approach with active and large investments and leverages best practices across their business portfolio as well as support from its global network.
2 Comments
Congratulations to Silvertree on their planning to invest. This quote is amazing “make use of technology to reach consumers, with a focus on growth stage and buy-out opportunities”.
Wow! Mr. Casper has an impressive profile. And I’m sure he’s gonna deliver as promised. Those who are futuristic minded are coming to invest in Africa. They can see the future of Technology is here.
I’m so happy about all these investments and developments taking place in my Africa ?.