Global Capital, Mazor Group in partnership after share buy-in deal

JSE-listed steel and aluminium products supplier Mazor Group yesterday announced a R27m share buy-in by private equity specialist Global Capital.

Global Capital would acquire 12,3-million Mazor shares, or 10% of the group, and would not have a dilutionary effect on ordinary shareholders, Mazor said.

Mazor CEO Ronnie Mazor said the investment by Global Capital would further enhance the group's diversification and acquisition strategy by introducing a strategic shareholder that had a proven track record of partnering growth companies.

"A hands-on approach by Global Capital to their existing investments means they proactively contribute considerable skill and experience, which will benefit Mazor as we continue to roll out our diversification strategy," Mazor said.

Global Capital CEO Frank Boner said the private equity firm decided to buy into Mazor because of the group's future growth prospects. "We like the group's strong cash flow and growth prospects even in the current macro-economic environment and we see this as a great opportunity for long-term growth."

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Global Capital acquires an equity interest in Knox Titanium Vault Company (Pty) Ltd

In August 2009, Global acquired an equity interest in Knox Titanium Vault Company (Pty) Ltd. Knox is a safe deposit rental business established to provide a state-of-the-art security installation to customers needing a means of storing their valuables.

Customers are provided with an upmarket, cost effective secure facility in which to store, view and access their most valuable possessions. Knox meets the highest international safety and security standards, while keeping the client experience pleasurable.

Knox endeavours to make the transaction convenient, safe and prestigious. Clients can go about their private business in a relaxed and comfortable atmosphere. Knox is located at the Old United States Consulate building in Killarney. This site was strategically chosen because:

- It was built to withstand a two day tactical assault.
- Knox utilises the security as put in place by the United States Secret Service to protect its
- This security infrastructure is not available to any other safety deposit sites in South Africa.
- Central, safe, suburban area close to the M1 highway.
- Secure meeting rooms.

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