If you’re looking to sell your company in the near future, you may have more potential buyers than you realize. While the private equity industry faced a lull at the beginning of the pandemic, investment activity has been growing since last summer. During the first quarter of 2021, U.S. midmarket private equity firms completed 776 deals worth a combined $119.5 billion — marking the second-highest quarterly deal value on record, behind just Q4 2020, according to the research firm PitchBook.
The rise in investment activity is expected to continue for the remainder of 2021, which has implications for your business. Here are three tips if you are considering selling your company.
Consider multiple exit strategies.
A business exit strategy is a plan that a founder or owner of a business makes to sell their company, or share in a company, to other investors or other firms. Having multiple exit channels will greatly help your business to thrive.
Don’t be in a rush to sell.
The first step to succeeding as a business is to build a brand. Spend more time and resources in customer satisfaction. Having a passionate customer base helps your business survive challenges.
Investors are more likely to invest in companies with build trust and loyalty with their consumers.
Pick the right PE partner.
If you do decide to sell a minority or majority stake in your company to a PE firm, pay attention to making sure it’s the right one. You’re likely going to receive multiple offers from PE firms, and choosing the right partner is about much more than just fetching the highest valuation possible.
“It’s the people you are partnering with and their fundamental style, and whether it is a fit,” says Prelude Growth co-founder Alicia Sontag. PE firms that have good relationships with their portfolio companies can assist with providing sound resources, improving company culture, and implementing strong leadership.
Richest Man in South Africa 2021
We bring to the richest man in south Africa 2021
South Africa is a country with favorable conditions for investment. It no wonder companies like MTN, Super sport and many others have taken center stage in the global ranking of successful companies. If you have the vision to invest in South African Economy or simply just want to have information about the richest man in South Africa 2020, this article is for you.
The Richest man in south Africa 2021
Table of Contents
From the individuals that made the list of the richest men in South Africa list, actual entrepreneurs and self-made business people dominate the list; while those who inherited their fortunes have gone on to do even bigger and better things with their wealth. Over the years, some have slipped off the list, while others continue to climb higher and higher each year.
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Elon Musk – $ 27 billion
He is the founder, CEO and chief engineer/designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. He was elected a Fellow of the Royal Society (FRS) in 2018. In December 2016, he was ranked 21st on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. He has a net worth of $27.9 billion and is listed by Forbes as the 20th-richest person in the world. He is the longest tenured CEO of any automotive manufacturer globally.
Nicky Oppenheimer – $7.6 billion
Nicholas F. Oppenheimer (born 8 June 1945) is a South African billionaire businessman and philanthropist. He was formerly the chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. He is the third richest African.
Patrick Soon-Shiong – $7.0 billion
Patrick Soon-Shiong is a South African-American surgeon, professor, inventor, and billionaire businessman. He is the inventor of the drug Abraxane, which became known for its efficacy against lung, breast, and pancreatic cancer.Soon-Shiong is the founder of NantWorks, a network of health and technology startups; an adjunct professor of surgery and executive director of the Wireless Health Institute at the University of California, Los Angeles; and a visiting professor at Imperial College London and Dartmouth College. Soon-Shiong has published more than 100 scientific papers and has more than 230 issued patents worldwide on advancements spanning numerous fields in technology and medicine.
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Johann Rupert – $ 5.5 billion
Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. As of 1 April 2010, he assumed the CEO position of Compagnie Financiere Richemont. Together with his family, he was estimated to be worth $5.9 billion as of April 2019, and was ranked as the second wealthiest person in South Africa on the Forbes Rich List for 2019, with his fortune reported as having declined from US$7.3 billion.
Richest man in south Africa 2021
Patrice Motsepe – $ 2.4 billion
Patrice Tlhopane Motsepe is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa’s richest man, topping the Sunday Times’ annual Rich List with an estimated fortune of R20.07 billion ($1 billion)
Koos Bekker- $ 2.3 billion
Jacobus Petrus “Koos” Bekker is a South African billionaire businessman, and the chairman of media group Naspers. The company operates in 130 countries, is listed on the London and Johannesburg Stock Exchanges, and has the largest market capitalization of any media company outside the US and China.
[COVER STORY] Forbes Africa #30Under30 List: Leading The Charge: These are the men and women forging ahead with credible, creative and profound strategies to shape our tomorrow. https://t.co/hOqhpEyB9J #Under30 pic.twitter.com/8h1XvFGCN8
— Forbes Africa (@forbesafrica) April 2, 2020
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