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Jacobs Capital and Partners back Masonite with R300mln

Masonite, which was once the oldest company listed on the Johannesburg Stock Exchange prior to its acquisition by South African private equity investor Jacobs Capital and partner Black Bird Capital as part of a business rescue, is set to benefit from an investment and recapitalization program of over R300 million from its new owners. The addition of the Masonite business to Jacobs Capital portfolio marks the third large investment by the group in the last year.



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