Through our wide reach and network, over the period of investment RMB originated and sourced an additional six projects for the portfolio and were able to help Thebe grow the renewable energy portfolio from R1.4bn at inception to today’s portfolio of 12 plants and a value of R3.7bn, making it the largest 100% black owned company in the REIPPPP environment.
We also assisted in the negotiation of acquisitions, advised on bidding for new projects, provided the funding, and assisted with the execution of these investments. Further we provided ongoing advice as to how to manage their investments and, particularly, their relationships with their key project partners.
Optimising Investment of Capital
With a deep understanding and alignment with the ultimate aims of the investment, we could assist Thebe in finding the right time to crystallise some profit and release capital. The aim was to assist Thebe in freeing up some capital to invest in other endeavours, as well as position their portfolio to grow further in the renewable energy sector – which is poised for continued substantial growth in SA.
With a large RMB network and deep understanding of the Infrastructure sector, we were able to source a new partner for Thebe who injected R2.8bn and provided Thebe with a partial cash realization. This large cash injection will be used for growth opportunities, as well as expanding their presence in the renewable energy space. This has met Thebe’s current and ongoing needs for cash.
