Capitalworks, the $515 million alternative asset manager targeting opportunities in Sub-Saharan Africa, is spending $25 million to take an undisclosed, majority share in South African boat builder, Robertson and Caine. The co-founder of the company, John Robertson, is investing alongside Capitalworks in the deal.
Robertson and Caine operates four manufacturing facilities in Cape Town, employing over 1,300 people, making it South Africa’s largest boat builder as well as the world’s second-largest manufacturer pf blue water cruising catamarans. To date, the company has delivered more than 1,300 boats to destinations globally.
“Robertson and Caine will provide a welcome addition to our current portfolio, offering further diversification to an attractive growth sector,” commented Chad Smart, Capitalworks founding partner and chairman. “We are particularly delighted to be investing in a business that has such a significant global appeal alongside such an experienced and well-regarded entrepreneur.”