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.
Even throughout these tough economic times, Richmark Holdings is accomplishing its stated goal in supporting the economy in South Africa through job creation and by funding exciting new ventures. As a leading angel investor in South Africa, Richmark has helped talented entrepreneurs build their innovative ideas into viable companies.
James Ribbink, an eight year old junior surfing champion from Durban, is to be sponsored by Richmark Holdings, a business investment company based in Johannesburg.
Recently, James has been successful in a number of junior surfing events, most notably at the Billiaboing Grom Games and the RVCA Junior event held in J-Bay, where he finished 1st in the Under 10 age group. It is because of James’s excellent performances at these events that have helped to catapult him into the surfing spotlight in South Africa. Many people involved in the sport claim that James has a bright future with some commentators stating he has the potential to become a champion at the senior level.
Dubbed the grandfather of ocean paddle races, the 19th annual Molokai Challenge is taking place this year (2013) on May the 19th in Hawaii. 50 year old Oscar Chalupsky from Durban in South Africa has registered for the event for the 19th time since he first paddled the grueling distance in the early eighties when he was twenty years old. Chalupsky has won the illustrious ski surf title 13 out of the 18 times he has already taken part in the challenge and is set on making it his 19th conquest this year. Despite his age being comparatively higher than the majority of competitors in the international ski surfing race, Oscar Chalupsky more than makes up for it in physical fitness, experience and absolute resolve.
Gavin Varejes is the CEO of Richmark Holdings LTD and the President of SARLA (South African Rugby Legends association)