Centaur Ventures, the mining and natural resources investment division of investment firm Centaur Holdings, has struck a $100m deal revolving credit facility with a private family office based in the UAE.
The company said that the funds will be utilised to expand the mining and natural resources projects of Centaur Mining, mainly in South Africa. The mining unit has already secured the green light from the reserve bank for ZAR1.5bn for the funds to be deployed in South Africa.
The deal, which has been signed at a 4% coupon, will involve Centaur’s Asset Management unit act as an advisor to Centaur Ventures.
Centaur Holdings CEO Daniel McGowan said: "This is a significant development for our business, and will allow us to place considerable investment in a number of our ongoing projects. There is a real sense of momentum behind the business at present, and we expect this deal to further boost our mining capabilities in South Africa, as we seek to deliver even stronger returns to our investors."
Centaur Ventures particularly focuses on investments in the mining and natural resources sectors in South Africa, US, UK and Australia.
The firm uses multiple investment structures such as common equity via private placements or proprietary investments, debt, Islamic debt, convertible debt, bridge loans and credit support. In addition to its Dubai base, the firm also operates in London, Hong Kong and Bermuda.