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Private Equity
glocapital.com

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Investments

23

About Global Capital

The firm invests in companies with revenues in excess of ZAR 50M and annual profits in excess of ZAR 10M.

Global Capital Headquarter Location

21 West Street Houghton

Johannesburg, 2198,

South Africa

27 11 728 0255

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Research containing Global Capital

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CB Insights Intelligence Analysts have mentioned Global Capital in 3 CB Insights research briefs, most recently on Oct 12, 2021.

Latest Global Capital News

<em>The Atlantic</em> Daily: Newspapers Are Dying an Unnatural Death

Oct 15, 2021

The Atlantic Inside Alden Global Capital, the secretive hedge fund gutting America’s newsrooms Share Every weekday evening, our editors guide you through the biggest stories of the day, help you discover new ideas, and surprise you with moments of delight. Subscribe to get this delivered to your inbox. A secretive hedge fund called Alden Global Capital is snapping up some of America’s most storied newspapers and gutting them for short-term profit. But to describe it as a vulture of a company isn’t quite right, one former Chicago Tribune reporter told my colleague McKay Coppins: “A vulture doesn’t hold a wounded animal’s head underwater. This is predatory.” In our new cover story , McKay explores the company’s “simple” business model: “gut the staff, sell the real estate, jack up subscription prices, and wring as much cash as possible” out of the property until it either folds or is left “a desiccated husk of its former self.” Alden’s notoriously tight-lipped co-founders, Randall Smith and Heath Freeman, are becoming major media moguls despite appearing to care little about the industry’s fate. “No one has been more mercenary or less interested in pretending to care about their publications’ long-term health,” McKay argues. And their company isn’t slowing down: Alden purchased both The Baltimore Sun and the Chicago Tribune in a deal this past May, making it the country’s second-largest newspaper owner by circulation. The news in three sentences: (1) Gunfire and violence erupted amid protests in Beirut, killing six people . (2) An FDA panel unanimously recommended Moderna booster shots for high-risk Americans and those 65 and older. (3) The Trump aide Steve Bannon may face criminal charges for failing to comply with the January 6 commitee’s subpoena. Today’s Atlantic-approved activity: Set a spooky mood: The 1982 film Halloween III: Season of the Witch is an overlooked installment in the horror-movie franchise. You can rent it online.

Global Capital Investments

23 Investments

Global Capital has made 23 investments. Their latest investment was in The Pro Shop as part of their Other Investors on .

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Global Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

Other Investors

The Pro Shop

Yes

Other Investors

Du Pont Telecom

Yes

Other Investors

Brenner Brands

Yes

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Date

Round

Other Investors

Other Investors

Other Investors

Other Investors

Other Investors

Company

The Pro Shop

Du Pont Telecom

Brenner Brands

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

10

10

Global Capital Team

2 Team Members

Global Capital has 2 team members, including current Chief Executive Officer, Frank Boner.

Name

Work History

Title

Status

Frank Boner

Chief Executive Officer

Current

Ahmed M Abdullah

Kamco Invest, Global Investment House, and Piraeus Bank

Senior Director

Current

Name

Frank Boner

Ahmed M Abdullah

Work History

Kamco Invest, Global Investment House, and Piraeus Bank

Title

Chief Executive Officer

Senior Director

Status

Current

Current

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