Verdant Capital makes $2m mezzanine investment in UsPlus
The Verdant Capital Hybrid Fund has completed an investment of $2 million in South Africa’s UsPlus.
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Verdant Capital has announced that its Verdant Capital Hybrid Fund has completed an investment of $2 million – structured as junior convertible debentures – in South Africa’s UsPlus.
UsPlus provides flexible working capital solutions to SMEs in South Africa.
The fund’s investment will strengthen UsPlus’ capital position and help crowd-in more senior debt funding into the business to further grow its balance sheet.
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