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 recovered and returned to a sustainable and profitable operating position, and in the process, NSO has supported the preservation of 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.
Conlog is highly cash generative and continues to trade strongly with the support of the two institutional shareholders.
NSO will partner with CIH in the execution of various growth initiatives in the business.
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, including a 60% shareholding in its Namibian subsidiary.
The Flexibles division was closed down and its assets sold off. NSO acquired all of MCG's shares, loans, liabilities and creditors and injected working capital funding into the business to fund a healthy order book.
MCG has successfully exited Business Rescue.
NSO actively manages the company in partnership with the existing management team, offering support and expertise as needed.
