Deals
Ex-Vodacom Manager Is Said to Plan Tech Investment Firm IPO
- LLH Capital team includes veteran banker Michael Jordaan
- Company also plans to raise up to $300 million for deals fund
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Former Vodacom Group Ltd. executive Romeo Kumalo has started a tech-focused South African investment firm and aims to raise as much as $200 million in an initial public offering next year, according to people familiar with the matter.
Kumalo, who led Vodacom’s international business until 2016, has teamed up with fellow South African business veterans including banker Michael Jordaan to start the company, said the people, who asked not to be identified as the information isn’t yet public.