An Entrepreneurial Venture
Mauritius-based Universal Partners is undertaking an initial public offering on AltX, the Johannesburg Stock Exchange’s alternative exchange. The private equity group intends to list in an effort to raise R1 billion, which would further add to the £80 million it already secured this year from various investors, including Global Capital, Investec Bank, Credo Wealth, and Richmark Holdings.
Universal Partners' CFO, David Vinokur, was among the consortium of investors, and he joins the likes of Gavin Varejes in backing the fledgling company. The entrepreneurial spirit of Gavin Varejes is on display once again, as the serial entrepreneur opted to get in at the ground level before one of the more exciting IPO’s on the AltX kicks off with Universal Partners.
Gavin Varejes is the CEO of Richmark Holdings LTD and the President of SARLA (South African Rugby Legends association)