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Afena Capital Sold to Seven Staff Members in Management Buyout

Afena Capital Ltd., a South African money manager with 3.4 billion rand ($249 million) in assets, said seven senior staff members bought the Cape Town-based company for an undisclosed amount from the firm’s largest shareholder, Brimstone Investment Corp., and its founders.

Members of the consortium are Mila Mafanya, Zahira Osman, Shoaib Vayej, Christopher Twycross, Bongani Ngwanya, Zain Parker and Grant Cloete, Afena Capital said in an e-mailed statement.