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An Introduction to Capricorn Capital

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To deliver even more value to clients, Capricorn Capital became A-PASS' major shareholder in February 2019.

Capricorn Capital is a family owned international direct private investment business. It was born out of the Hollard Insurance Group, a global insurance business and the largest privately owned insurance business in South Africa. The family's core holdings are in insurance (anchored by Hollard Insurance) and restaurants (anchored by Nando’s), but also include interests across a broad sweep of sectors including gaming, lending, wealth management, property, and leisure.

Capricorn’s strategy in Asia focuses almost exclusively on the Trust & Corporate Services sector. We look for talented management teams with a lot of integrity and shared values, whom we can support to achieve their long terms goals and ambitions.

Our mindset is one of partnership and our capital is extremely patient, something which we feel differentiates us from traditional private equity.

We look for businesses with the following characteristics:

  • A business within our circle of competence – we can only deal in things we are capable of understanding
  • Has to be a business with some intrinsic characteristics that give it a durable competitive advantage
  • Limited capital requirements
  • Reliable (‘sticky’) customers
  • Low risk of technological obsolescence
  • Abundant growth possibilities, and thus
  • Significant and growing free cash flow
  • With management team in place with a lot of integrity and talent

Read more about Capricorn Capital in InvestHK's case study through the button link below.

InvestHK Case Study [PDF]

This information is provided for reference only. For more information please email our office at enquiry@a-pass.com.hk.