In February 2018 Thesele Group (Pty) Ltd added to its portfolio of investments by acquiring a 26% stake in DG Capital (Pty) Ltd from the existing shareholders. DG Capital is a financial services group founded in 2003, which offers specialised lending products and related services to South African corporates. The business is managed by its founding members and executive management team.
The primary service offerings of the business include: working capital funding solutions; forex risk management solutions; insurance broking solutions; corporate finance advisory services and incentive claims and administration services.
DG Capital has a proven track record and has developed into a leading service provider to the automotive sector. The business boasts a staff compliment in excess of 50 people and services a client base in excess of 200 corporates. The turnover of the business is approaching the R1 billion mark.
“As a strategic partner to DG Capital we as Thesele aim to assist with significant growth in the business,” says Oliver Petersen, Thesele’s executive director. “We pride ourselves in our collective ability to leverage our extensive business skills and networks in order to provide strategic input”.
“We have a long-standing relationship with Thesele and feel extremely comfortable with them becoming shareholders in the business” says, Josh Loots, CEO at DG Capital. “We look forward to working closely with the Thesele executives in exploiting new market opportunities”.