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"GPC were able to provide us with a deliverable solution within a short period of time. This allowed us as a management team to act swiftly in securing a deal that was a great fit for our business."

- Craig Reid (Chief Executive Officer of Fuel)

Greenpoint Capital (“GPC”) is proud to announce the completion of its latest deal, in support of Fuel Online (“Fuel”) with a Management Buy Out solution.

GPC, through its managed fund Greenpoint Specialised Lending (“GSL”), provided an all-encompassing credit lead finance solution to the owner managed Fuel.

Fuel has over 17 years’ experience creating and managing corporate blended learning academies offering an end-to-end online training solution. Founded by Craig Reid in 2001, Fuel is driven to create, implement and manage optimal online training solutions for all members of an organization. Fuel uses a combination of cutting-edge technology and a feature-rich learning management system to deliver world-class training and HR management to clients.

GPC is a mid-market debt fund manager that manages credit lead funds which look for opportunities to provide flexible innovative debt solutions to mid-market businesses in Southern Africa that are looking to advance to the next level.

Nic van Zyl, Director at GPC had the following to say about the transaction: “GPC was first introduced to Craig and the team in 2016 and have developed a relationship over a period of time that has resulted in a debt lead MBO solution to Craig and his wider management team. We see Fuel as a great candidate for our debt lead solution due to their historical high quality of earnings and experienced management team. We see this as the start of our finance partnership with Fuel and look forward to future opportunities where we can back this dynamic management team.”

Craig Reid, Chief Executive Officer of Fuel had the following to say about the transaction: “Fuel is a business that is well positioned for significant future growth. Operating in a rapidly changing environment, Fuel continues to develop end-to-end e-learning solutions for its blue chip client base. As a growing company we are always on the look-out to align ourselves with dynamic stakeholders. GPC were able to provide us with a deliverable solution within a short period of time. This allowed us as a management to act swiftly in securing a deal that was a great fit for our business.. We are proud to have completed on this transaction with GPC and look forward to further transactions as we grow as a company.”

To find out more about GPC and its finance offering, please contact Nic van Zyl at nic@greenpointcapital.co.za