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Stellar Capital looking to raise R1bln

Stellar Capital Partners, the recently formed investment house in which high-profile dealmaker Chriso Wiese has a 20% interest, is looking to raise R1 billion (approximately $73 million). In the announcement, the firm indicates that it plans to raise the capital through a R400 million underwritten rights offer and a R600 million redeemable preference share offer. The capital has been earmarked for Stellar’s immediate investment pipeline which includes proprietary high-yielding credit funds, follow-on investments in existing platforms and certain large strategic investments planned for 2016.

Read more at Business Day…

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