Empowering Success: Medu Capital's Strategic Divestment for Mutual Growth! Medu Capital announce the successful divestment of controlling interest in Elite Truck Hire, and we take a moment to underscore our significant role in this remarkable journey. Medu Capital's involvement with Elite began as a minority stakeholder in 2008, and through strategic collaboration, we progressively increased our equity position to attain a controlling interest in 2016. During our tenure, Medu Capital played a pivotal role in driving Elite Truck Hire's evolution and success. We were instrumental in facilitating the company's transformation into a Level 2 BBBEE contributor, reflecting our unwavering commitment to empowerment and diversity within the industry. Beyond empowerment, we actively supported Elite's growth initiatives, leading to substantial increases in revenue and profits. Moreover, we aided in diversifying their customer base, positioning the company for even greater achievements. Elite Truck Hire, boasting a rich history spanning over three decades, remains a front-runner in South Africa's competitive truck hire sector, and we are immensely proud of our partnership in this success story. We look forward to seeing both Medu Capital and Elite Truck Hire continue to thrive and achieve new heights. #InvestmentSuccess #BusinessPartnership #EmpowermentJourney www.meducapital.co.za
Medu Capital
8mo
Thanks Howard. A long and productive journey
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8moCongrats Ernest.