Summit Africa exits Custom Capital Finance

Summit Africa has completed its exit from Custom Capital Finance by selling its 51% interest to a consortium led by SAAD Investment Holdings. Summit Africa invested through Summit Private Equity Fund I in November 2022 alongside the company’s founders and management.

Custom Capital Finance provides rental finance and invoice discounting to small, medium and micro enterprises. Founders Chris and Pierre du Toit retain their 49% stake and continue to lead the business.

SAAD Investment Holdings is described as a sector-agnostic, long-term permanent-capital investor with a focus on financial services. No transaction value was disclosed.