Inzinc Africa Pty Ltd
Inzinc Africa Pty Ltd operates in the steel galvanising and specialised fertiliser sectors.
NSO acquired certain Inzinc business assets in 2021 through a sale of assets by secured lenders and moved to restore efficient operations and profitability through the introduction of structured working capital, financing the business's operational turnaround.
A successful turnaround of the business has been achieved in partnership with the incumbent management team.
NSO plays an active role in the management of the company, providing support and expertise where required.
Clotan Steel Pty Ltd
Clotan Steel is a 40-year-old downstream steel beneficiation operation.
Market challenges resulted in Clotan entering into Business Rescue, and in 2021 NSO acquired creditor claims and restructured the equity ownership with the existing shareholders.
Clotan has since stabilised and, with the support of NSO, has returned to a sustainable operating position, thereby preserving over 150 jobs.
The business successfully exited Business Rescue in January 2021.
The NSO team takes an active role in the management of Clotan, supporting the continued turnaround of the entity and introducing growth and acquisition opportunities to the management team.
Conlog Pty Ltd
Conlog is a well-established company with a 50+ year history of designing and manufacturing smart metering solutions for utilities, municipalities and property management companies.
In 2023 NSO partnered with Community Investment Holdings (CIH) to acquire the business from a listed group in a Business Rescue process.
NSO plays an active role at Conlog aligning with shareholders and management to determine strategies to improve operational efficiency and results to drive growth.
Credit Linked Note
In a diversified frontier market beverage company with portfolio assets in South Africa and Sub-Saharan Africa.
NSO partnered with a consortium of leading institutional debt investors in 2022 to refinance the holding company debt structures to alleviate the impact of challenging global market conditions.
The enhanced funding solution provided the funding support required for growth and capital investment in the various operating companies.
NSO continues to be an active participant in the lender consortium alongside our co-investors.
EOH Holdings Limited
NSO acquired a senior debt note exposure in the listed EOH Group in 2019 from a South African Institutional investment group.
NSO actively participated in the lending consortium’s process to return EOH to financial health.
NSO successfully exited the position in 2023 through an oversubscribed rights issue and bank refinancing.
Metal Closures Group Industries Pty Ltd
Metal Closures Group Industries Pty Ltd (MCG) is a Rigids plastic manufacturer for the beverage, dairy and agriculture industries.
NSO acquired 100% of MCG, through a Business Rescue process, including a 60% shareholding in its Namibian subsidiary.
An additional working capital facility was injected into the business to fund the working capital and growth of operations.
In addition, a bolt-on acquisition was secured to bolster the product offering.
With the support of NSO, the company has returned to profitability and c.115 jobs were saved.
NSO has supported MCG’s continued growth, through contract negotiations, expansion projects and stabilization of the electricity supply.
