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South African fund manager Summit Africa has completed its exit from Custom Capital Finance by selling its 51% interest to a consortium led by SAAD Investment Holdings.
Custom Capital Finance provides rental finance solutions for small, medium and micro enterprises (SMMEs), complemented by an invoice discounting offering.
Summit Africa, through its Summit Private Equity Fund I, invested alongside the founders and management of Custom Capital Finance in November 2022.
The SAAD-led consortium is investing alongside Custom Capital Finance’s founders, Chris and Pierre du Toit, who retain their 49% shareholding and continue to lead the business.
SAAD is a sector-agnostic, long-term permanent-capital investor with a focus on the financial services sector.
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