Africa Special Oppertunities Capital CASOC”) Fund l, South Africa’s first dedicated distressed private equity fund, is pleased to announce it has recently concluded its first transaction – the acquisition Of OptiCo (Pty) Ltd, vhich trades as Opti-Baby & Kids (‘Opfi Baby’). Opti Baby is a network of 12 premium pre-schools in the Gauteng little customers from 6 weeks to 5 years of age. OptiBaby provides early childhood stimulation and care to over 800 children (across its owned and franchised schools) throughout Johannesburg and Pretoria. ASOC views private education as a niche, defensive sector as there is an increasing focus on school readness at a younger age, particularly as competition for access to private educational institutions increases. Added to this is the increasing demand on famibes for dual hcomes in a tough economy, making premilm child care a household necessity.
OptiBaby was historically undercapitalized over the past few years, and as a consequence struggled to service its debt burden. ASOC is the process of recapitalizing the business and plans to execute a robust turnaround strategy to restore it to growth, which will include potential add-on acquisitions in
new markets around South Africa.
ASOC Fund I was launched in August 2016 with capital commitments of RISO million. ASOC focuses on investing into businesses that are experiencing organizational, financial or operational challenges. particularlyy in today’s economy. ASOC seeks to deploy catalytic capital Of up to R50 million
per investment and the benefit of the ASOC teams’ experience to help companies effect a turnaround or restructure and thereby have a better prospect of saving the organization and preserving jobs.
ASOC would like to thank all the parties involved, in particular the Staff Of Opti Baby for their continued support and belief in the business. We look forward to building a strong business that provides the very
best of early childhood development.