Sandown Capital’s Private Equity business comprises a series of Guernsey-domiciled legal entities. An application to regulate all legal entities will be made in due course.

  • Sandown Capital Limited – Investment Adviser
  • Sandown Capital International GP – Private Equity General Partner
  • Sandown Capital International LP – Private Equity Limited Partner

The fund structure is simple and effective: designed to make the process of on-boarding and administering the management of third-party capital straight-forward. Governance structures are totally transparent meaning that investor due diligence processes are simplified. The investment manager / adviser provides investment advice to the General Partner whilst individual investments are held at the Limited Partner level.

Fund Mandate, Board Structures, Advisors & Partners

Sandown’s Public-To-Private equity fund is actively managed and closed-ended with a term of 10-years (with 1 +1 extensions). Its primary aim is to deliver long-term capital growth with capital distributions back to investors upon crystallization of value events.

Sandown Capital’s primary mandate is to invest in intrinsically undervalued public companies across the African continent, starting in South Africa, with the intention of seeking ultimate control and driving substantial value creation.

The fund holds a diversified portfolio of investments across adjacent sub-sectors designed to extract synergies via collaboration and technology sharing.

Sandown’s central objective is to achieve long-term returns above a benchmark 20% Internal Rate of Return.

Board Of Directors: Sandown Capital Limited – Investment Advisor

  • Andy Smith: CEO, Sandown Capital
  • Andrew Whittaker: Independent, Aver Partners (Guernsey)
  • Greg Kok – Director, IQEQ

Selected Service Providers

(Brokers)

(Administrators)

(Lawyers)

(Lawyers)

(Auditors)

(Bankers)

Investment Committee Advisors

  • Oyama Mabandla: Independent & Chairman
  • Paul Baloyi: Independent
  • Stephan Burger: Energy Banq / Independent
  • Anthony Smith: COO Independent
  • Warren Chapman: CEO Peresec
  • Anders Einaarson: Promasidor / Independent
  • Tamsin Freemantle: Independent
  • Jonathan Reid: Hyde Park / Independent
  • Noah Naidoo: Independent
  • Paolo Zaniboni: Genesis Advisors / Independent

Board Members of the Investment Advisor & General Partner:

Lord Bellingham

Chairman General Partner

20

Chairman Sandown Capital Limited. Chairman at DMA, Clifton Africa, Glencara Estate Co. Chair All-Party Group On Commonwealth.

15

Knighted 2016. UK Envoy To United Nations. Chairman Westminster Democracy Foundation. Board Member ADM Energy.

10

UK Foreign Office Minister for Africa. Foreign Office Minister for the UN. Shadow Justice Minister.

05

UK Shadow Trade & Industry Minister. MP West Norfolk. Non-Executive Board Positions mainly related to Corporate Governance.

95

11 Old Square Barristers. Called to the Bar in 1978. Eton College & Magdalene College Cambridge University (MA Law).

Andrew Whitakker

Chairman Investment Advisor

20

Co-Founder & MD Aver Partners, Guernsey, sitting on a number of Fund Manager Boards across Debt, Equity, Venture & Renewables.

15

20 years experience in fund management in onshore & offshore vehicles, open & closed funds and alternative funds.

10

Former manager at Barings/Apex, MD Capita, VTB Capital, Haliburton & Midland.

05

Chartered Management Accountant & Member of Chartered Institute for Securities & Investment. Chair if the British Venture Capital Association.

95

Graduated Cardiff University & AixMarseille University.

Andy Smith

Chief Executive Officer

20

CEO Sandown Capital; Established team & Guernsey Legal structure. Advisor to Peresec & Secured Cornerstone.

15

Head No 1 EM Research Team at BAML - Dubai. Award Winning Head of Research Sberbank (Troika Dialog) Moscow. Entrepreneur.

10

No.1 Rated Global Consumer Analyst (Schroders & Citigroup). Entrepreneur: Built & Sold Premium Vodka Brand 2010-2012.

05

Portfolio Manager – Citadel LLP & Millennium Capital LLP Hedge Funds Delivering av. annual 12% Alpha with Sharpe Ratio 3.5x

95

2 Degrees Cambridge University (Engineering). Winner University Prize. MBA C Eng & C.Dip AF. Senior Manager Unilever Strategy.

Katy Hodgetts

GP Board

20

Independent Non-Exec Director

15

Extensive knowledge of onshore/offshore vehicles, open/closed-ended, traditional/alternative funds. Well versed in offshore governance. 16 years + investment sector and fund industry.

10

Director of Sanne Group (Guernsey) Limited. Head of Relationship Management, BNP Paribas.

05

Investor Relations Manager, Henderson Global Investors (now Janus Henderson).

95

Investment Management Certificate. Institute of Directors Certificate, Diploma in Company Direction, and Chartered Director status. BSc University of Southampton.

Greg Kok

Investment Advisor Board

20

MD at IQEQ Guernsey

15

Chartered Accountant with 24 years’ experience in the finance industry across the UK, Bermuda, Singapore, Vietnam and Luxembourg.

10

Extensive experience running fund management businesses across assetmanagement and asset servicing sectors.

05

Active member of the Luxembourg financial industry bodies such as ALFI, ILA and INREV. Treasurer & Board member of ALFI’s management company steering committee. JTC Group Head

95

APEX head of Company Services Franklin Templeton Exec Director Deloitte South Africa. University of Natal (Durban)

Investment Committee Members:

Oyama Mabandla

Chairman Investment Committee

20

Chairman African Phoenix & Sandown Capital IC. Drove NAV +50% over 2 years at African Phoenix which retains tax shield > ZAR1bn.

15

Chairman Vodacom Group with subsidiaries in RSA, Mozambique, Tanzania & DRC. Took Vodacom public and presided over its Black Economic Empowerment deal.

10

Deputy CEO & Legal Counsel SAA. Director Mvela Group Limited; Member JP Morgan African Advisory Board.

05

Johannesburg Bar & Advocate UBS Investment Banking; Director of Group Five Limited.

95

BA (University of California) & Juris Doctorate JD (Columbia University School Of Law).

Paul Baloyi

Investment Committee Member

20

Entrepreneur with extensive experience in VC and PE with an African focus; 30 years in Financial Markets.

15

Chairman Basil Reed & CEO / Deputy Chairman of Talent 10. Successful private entrepreneur.

10

Board Member at Old Mutual, Bidvest Group, Bidvest Bank, Hudaco Industries.

05

Senior Manager, Standard Bank. MD Nedbank Africa. Senior positions in Investment Banking with expertise in VC, PE and M&A.

95

University Of Manchester MBA, SEP (Harvard) & AMP (Instead).