ANDRE Pieterse, Managing Principal, Absa Capital Private Equity, has been appointed to the board of the South African Venture Capital Association (SAVCA). The decision was taken at the association's annual general meeting, which was recently held in Johannesburg.
Absa Capital Private Equity was most recently in the news when it announced it would buy the entire share capital of EnviroServ Holdings Limited, the JSE listed waste management group, in a private equity deal worth over R2bn.
The announcement remains the largest public to private transaction in the domestic market this year.
Commenting on his appointment, Andre Pieterse said: "SAVCA aims to play a meaningful role in the venture capital and private equity industry, and I intend to help facilitate this process through my appointment to the board."
Note to the editor:
About Absa Capital
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays Capital, is a leading South African investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.