A Women-Led Fund that Combines the Best of Private Equity & Business Rescue.
Helping SME's in South Africa through distress and into economy-stimulating growth
(This fund pre-dates our name change to FyreFem in 2019)
We will start with good businesses which can be fixed and take these up the curve to health. We will then work with them to build them into market leaders through growth and acquisition strategies and follow on capital investments.
FIX PHASE: This could involve formal business rescue but will involve the use of debt and mezzanine instruments, mostly, to protect investment and price risk.
BUILD PHASE: This will use a combination of debt and equity depending on build strategy ie growth or acquisition
We will focus on those sectors that can re-start after COVID-19. High Covid-19 exposure businesses will be chosen only where capital can remedy the distress. We will only work with businesses which we can work with within the private equity models, after rescuing them using our in-house business rescue skills. We will build sector leaders with a preference for food and manufacturing sectors.
Bespoke Software to Manage Applications & Post-Investment
Proven Business Rescue Software handles applications and guides SMEs post-investment. The software helps with pipeline funnel management through the application process. After the investment, the system keeps a watchful eye on covenant management and key performance metrics. This allows us to distance monitor after investment and software installation.
Every deal, even the distressed deals, will be examined through a gender lens and a programme implemented to impact change at C-Suite, Board and Shareholding level. We bring women into portfolio company ownership, C-Suite and the boardroom during the period of our investment in a structured 5-year programme with our “FyreFly Development Programme”. We ask our portfolio companies to sign up to the FyreFly Development Programme at term sheet phase so that we can work during our investment period to make sure we leave women-owned SMEs in our wake.