Private Equity | Track Record

Pointbreak commenced business as a private equity management company in late 1999, when Pointbreak obtained committed capital of R30m from a handful of individuals. This fund was a venture capital fund with the mandate to invest in start-up businesses that possessed a strong management team with a high level of intellectual capital. Between 2000 and 2004, Pointbreak evaluated in excess of five hundred business plans, invested in three companies, and realised a gross annual rate of return of 58% for its Fund Investors. The biggest success story in this portfolio was the investment in Clickatell, which has become a leading company in the international mobile telecommunications arena.

In 2004, Pointbreak identified the opportunity to establish a private equity fund in Namibia. Together with a number of black business professionals, Pointbreak established Stimulus Investments Limited ("Stimulus"). Preference shares in Stimulus listed on the Namibian Stock Exchange after the launch of the company on 4 November 2004. Stimulus raised N$ 123.68m from Namibian institutions and individuals. During November 2011 Stimulus redeemed the original preference shares and issued a new round of 10 year preference shares, totaling N$250m. In the process, the lifespan of Stimulus' funding arrangement was extended to 2021 and Stimulus gained approximately N$100m in new capital
to invest.

Stimulus is currently invested in prominent Namibian companies such as Cymot, Plastic Packaging, Walvis bay Stevedoring, Joe's Beerhouse and Nashua.