Penflex (Pty) Ltd (“Penflex”) is a plastics conversion business specialising in injection moulding and offering three product lines: blind components, writing instruments (e.g. pens, highlighters etc.) and plastic homeware products.
LEGACY AFRICA Capital Partners facilitated and participated in the management buyout of the retiring founder of the business, working with the CEO and financial manager (together, “management team”) of the business.
LEGACY AFRICA Capital Partners , through LEGACY AFRICA Capital Partners Fund I, currently holds 60% of the business, and 40% is held by the management team.