Fundraising Fox

Exeo Capital

Private equity

Bellville · Growth · 16 people tracked

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Investment thesis

EXEO Capital positions itself as a long-term, active partner and business builder rather than merely a provider of risk capital. It concentrates on strategically selected sectors and themes across Africa, favouring the construction of larger investment platforms over small stand-alone deals. The firm emphasizes proprietary, proactively originated transactions, high selectivity, and value creation through multi-year partnerships that strengthen management teams, optimise financing, improve governance and ESG outcomes, and support M&A. Sustainability is central to its philosophy, holding that what is good for the planet and people is good for business. Investments span both closed-end vehicles and proprietary holdings with proactive exit planning.

Invests inAgTechFoodTechImpact & Social GoodSector AgnosticAfricaCape TownKenyaMauritiusSouth Africa

Source: firm website, verified Aug 2, 2026.

Stage
Growth
HQ
Bellville, ZA
Instruments
Equity
Founded
2007
AUM
$300M
Tracked investments
9

Team · 16 people

from the firm's website
Avril Stassen· Senior partner & co-founder

Senior partner and co-founder with 25 years of experience; formerly at Allan Gray, co-founder of AMB Private Equity and executive director of the Agri-Vie fund manager, with multi-sectoral transaction experience across Sub-Saharan Africa.

Herman Marais· Managing partner & co-founder

Managing partner and co-founder with 25 years of business and investment experience; former Deloitte partner who led the formation and management of the Agri-Vie Funds and has transaction experience across Sub-Saharan Africa.

Izak Strauss· Senior partner and co-founder

Senior partner and co-founder with 30 years of experience; former PWC partner and agribusiness entrepreneur who co-founded the Unlimited Foods group and serves as Finance Director of the firm.

Paul Nguru· Partner

Partner with 25 years of experience; former Deloitte corporate finance professional with wide exposure to East African investment banking and capital markets and cross-border transaction experience.

Riël Malan· Partner

Partner with 25 years of senior executive leadership in the food sector; co-founder and former CEO of the Unlimited Group who coordinates the firm's operations group.

Adelè Zeelie· ESG specialist

ESG specialist supporting the firm, with a master's in social work (forensic practice).

Benjamin Shaw· Senior associate

Senior associate on the investment team with a BBusSci in Finance and Accounting.

Chelsi Mauritz· Investment analyst

Investment analyst on the firm's investment team.

Denham Wiercx· Senior associate

Senior associate on the investment team, holding a BComm (Hons) and CFA.

Jillian Lambert· Human capital lead

Human capital lead since 2015 with 28 years of experience, providing HR and talent management support internally and to portfolio companies.

John Gitahi· Investment analyst

Investment analyst on the firm's investment team.

Karan Shah· Senior associate

Senior associate on the investment team, holding a BSc (Hons), ACCA and CFA.

Lynette Thomas· Finance & compliance lead

Finance and compliance lead who has coordinated the firm's finance and compliance work since 2008, with 16 years of related experience.

Niel du Toit· Senior associate

Senior associate on the investment team, a chartered accountant and CFA.

Sanet Nel· Group finance manager

Group finance manager with 18 years of experience, overseeing financial planning, compliance, treasury, governance and internal controls.

Tisha Greyling· Sustainability consultant

Sustainability consultant supporting the firm.

Investments · 9 tracked

founders shown can be your intro path
Amos Dairies Limited

Ugandan milk processor producing dairy products for export; the only casein producer in Africa outside South Africa.

Dairyland

Kenyan FMCG brand (Glacier Products) making ice cream, yoghurt and chocolate distributed across East Africa.

Elgin Free Range Chickens

South Africa's largest free range poultry producer, vertically integrated with eleven retail stores.

Fairfield Dairy

Howick-based South African dairy producer supplying own and house brands to blue-chip retailers.

HIK Abalone

Export-focused abalone farming business (established 1998) expanding into Asian markets.

Marginpar

Consolidated East African cut flower production platform centred around Ethiopia and Kenya, with marketing operations in Holland and contract producers in Tanzania and Zimbabwe.

Terramar

Mozambican importer, distributor and wholesaler of frozen, chilled and dry products with procurement subsidiaries in South Africa and Portugal.

Terrasan

South African fishing and aquaculture group operating through subsidiaries including Saldanha Protein, Aqunion and Blue Ocean Mussels.

Wellness Warehouse

Consumer health-focused retailer within Maia holding company, operating 50 outlets and an online store in natural health, food and beauty.

Frequently asked questions

What stage does Exeo Capital invest at?
Exeo Capital invests at the Growth stage.
What sectors does Exeo Capital focus on?
Exeo Capital focuses on AgTech, FoodTech, Impact & Social Good, Sector Agnostic.
Where is Exeo Capital located?
Exeo Capital is headquartered in Bellville, ZA.

Images

Exeo Capital photo

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