SPEAR Capital has a management team and advisors with investment and industry experience from Africa and Europe that provide technical, strategic, operational and financial support. An Independent Investment Committee (IC) comprised of highly experienced investors vets all investment decisions. The SPEAR Capital team operates from offices in Cape Town, Harare and Oslo.
SPEAR has raised capital through investment firms, family offices and wealthy individuals. Our current base of investors is primarily from Scandinavia.
1. Provide growth capital through equity investments in private fast moving consumer goods (FMCG) or local manufacturing SMEs in Southern Africa.
2. Partner with leading entrepreneurs and their management teams to grow successful businesses together.
3. Provide return on investments through the development of SMEs in Southern Africa
To be a world class investment destination for global investors seeking African exposure.
SPEAR Capital is a Private Equity advisor specializing in profitable later growth stage SME opportunities across Sub-Saharan Africa.
SPEAR Capital advises the investment holding company SPEAR Africa Holdings (SAHL), an alternative investment fund registered as a company in Mauritius.
SPEAR provides expansion capital to well-managed businesses with a target IRR in excess of 20%.
SPEAR has made a deliberate choice to invest in the FMCG, manufacturing and processing sectors as opposed to other sectors where there is significant political risk or other types of interference. SPEAR has a hands-on approach to ensure operational and strategic influence.
Africa as an investment destination
Africa is a continent that provides the most potential for growth over the next 10-20 years. According to the IMF, Sub-Saharan Africa will have seven of the top ten fastest growing economies in the next 5 years. This long-term growth trajectory is sustainable through increased stability, abundance of natural resources, increase in labour force and influx of capital.
Population: 60 mill
Purchasing Power Parity (PPP), doubled from 1990 to 2015.
Population: 16 mill
GDP: IMF forecast 2017 revised from -2,5% to 2%
Population: 14 mill
PPP more than doubled from 1990 to 2015.
Population: 17 mill
PPP more than doubled from 1990 to 2015.
Total population of 110 mill with extensive trade between the countries.
SPEAR has access to a significant pipeline through its African network of advisors, investment committee members and executive team. SMEs in Africa are largely constrained by factors including limited affordable finance, skills and access to international financial markets. SPEAR provides SMEs with expansion capital to support growth and create sustainable and competitive advantages that provide significant impact effects wherever SPEAR invests.
"More than half of global population growth between now and 2050 is expected to occur in Africa. Of the additional 2.4 billion people projected to be added to the global population between 2015 and 2050, 1.3 billion will be added in Africa."
"Our view remains that Africa's rise over the past 15 years is real; what we have witnessed has been a structural evolution rather than the cyclical change that has marked previous boom and bust periods in Africa's post-colonial history.
SPEAR Capital prides itself on the impact its investments have in the countries in which it invests.
SPEAR invests is primarily in manufacturing, service or retail oriented businesses, which are desirable in the African context due to their level of labour dependence and resultant job creation.
SPEAR understands that through its investments it has the ability to reduce the significant youth unemployment of 60%. (currently SPEAR’s investments employ over 1.300 people in Zimbabwe alone).
A fundamental element of our investment strategy is a commitment to sustainable development. SPEAR's portfolio companies use IFC Performance Standards to guide their operations. SPEAR has partnered with IBIS, one of Africa's leading ESG consulting firms to oversee the implementation and maintenance of these standards.
SPEAR aims to impact positively the community and environment in which its investments operate. The goal is to generate jobs through the expansion of the manufacturing and production base. Greater transparency and accountability with equal opportunity employment are critical success factors.
Our team members
SPEAR's team has transacted and travelled around many parts of Africa over the past 15 years. Through this personal network, SPEAR has access to a significant project pipeline.
Arne-Petter holds an MBA from Norwegian School of Economics (NHH) and a MSc from SDA Bocconi. He has 25 years’ management experience mainly from the health sector - both private and public. Arne-Petter has lived and worked in Malawi and has a particular responsibility for ESG.
5 Grasmere Lane
Christian Victor Bernau
+47 4104 4000