- R635m ($40mn) mezzanine deal backs C&I solar assets
- SolarAfrica takes full control of CESA
PRETORIA, SOUTH AFRICA – Vantage Capital has invested R635m ($40mn) in Commercial Energy South Africa, consolidating SolarAfrica’s ownership of a fast-growing commercial and industrial solar portfolio.
Vantage Capital, Africa’s largest mezzanine debt fund manager, said the investment into Commercial Energy South Africa (CESA) — a subsidiary of SolarAfrica Energy — was made alongside co-investor Greenpoint Capital.
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