South Africa: Spear Capital invests R100mln in RunwaySale
Tuesday, 02 June 2020 13:38
In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed.
The financing will support the expansion of the company, founded in 2012 by Karl and Elmien Hammerschmidt, on a local fashion market that is expected to generate up to $1 billion in revenues this year according to the German stats portal Statista.
RunwaySale, which offers more than 300 fashion brands, intends to continue its development primarily in the local market and probably later in the sub-region.
On the African continent, Spear Capital is present in the consumer goods, retail and health services sector with financing generally ranging from $2 million to $10 million.
Chamberline Moko
Live News
-
Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
16:17
-
Togo: Ministry of Higher Education Reviews Key Scientific Research and Innovation Program in Recent B2B meeting
18:13
-
Algeria Awards Commercial 5G Licenses
18:12
-
IMF Approves $262 Million Disbursement for Ethiopia
18:06
-
Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
18:05
-
Flutterwave Secures 20 Additional Money Transmitter Licenses Across the U.S
17:24
-
Onafriq Launches Cross-Border Payment Service Between Ghana and Nigeria
16:40
-
Liquify Raises $1.5M Seed Round to Expand Invoice Financing Across Africa
16:11
-
Morocco: Mohamed Benmansour Streamlines Hotel Booking for Businesses
15:34
-
University of Lomé to Train Future Aviation Professionals
13:47
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...