Investment fund manager Ata Capital has acquired a 33.3% stake in the capital of South African company Acrux Sorting Technology (Pty) Ltd, which specializes in commodity resources and technology, read on Wednesday. June 2 on the company’s website.
“This Ata Fund I investment will strengthen our ability to deliver on our sustainability agenda. It will make a positive and sustainable contribution through Environmental Social and Governance (ESG) and sustainability impacts in the country’s mining sector, ”commented Karel Potgieter, CEO of AST.
For his part, the former CEO of Ata Capital, Lelo Rantloane, said: “We are delighted to partner again with Acrux Resources. This investment reflects our confidence in the potential and added value of AST solutions. ”
Ata Fund I seeks to generate superior long-term returns for investors by identifying high-value investment opportunities. Its flexible mandate allows it to partner with companies at different stages of their growth.
Founded in 2012, the main objective of the structure is to attract and manage institutional private capital by structuring various investments.