Using our corporate and investment banking expertise, we provide our clients with a range of funding, hedging and other financial solutions together with efficient access to the capital markets.
Authorised financial services provider, licence no. 43847.
BSC assists clients with working capital funding solutions for the ownership, acquisition or development of cash generating assets. As business owners ourselves, we understand the difficulties of running a business. Most of us will experience a cash flow challenge at some point causing us to miss out on an opportunity or adding pressure to our business. BSC will advance a cash lump sum based on your sales or services and outstanding invoices. We offer SME’s that supply goods and services to large corporates with invoice financing and other working capital finance facilities, from R250,000 to R5 million.
BSC, in a joint initiative with Prescient Securities, has established a platform for the origination and placement of unsecured corporate debt. The focus is on short-and long-term debt issued by listed corporates. This platform provides corporates with the ability to broaden their access to debt funding beyond the traditional banking sector to the large pools of capital managed by institutions such as pension funds, asset managers and life insurers, without the onerous requirements of listing corporate paper. Institutional funders, in turn, get access to a wider diversity of credit assets and the potential to obtain enhanced returns.
Depending on our corporate clients’ preferences we place the debt either through a limited private placement or via a traditional auction process.
This initiative is in keeping with the economic and regulatory impetus for some lending business to shift from the banks, facing increasingly onerous regulatory capital requirements, to the institutions with a broadened scope to invest in credit assets due to the relaxation of certain prudential investment guidelines.
BSC assists clients with working capital funding solutions for the ownership, acquisition or development of cash generating assets. We focus on freeing up cash for suppliers and corporates without incurring additional debt. BSC in partnership with Orbian a world leading supply chain finance company, offers large South African corporate clients and their suppliers with supply chain finance and working capital solutions. The combination of Orbian's award winning supply chain finance platform and BSC’s debt capital markets understanding and structuring experience, enables us to develop bespoke solutions for our clients’ specific requirements.
Our established relationships with insurance companies, fund managers, foreign and domestic investment banks, commercial banks, mezzanine funds and development funding agencies, established over many years in the financial markets, allow us to obtain the most competitive terms and reliable execution for our clients. Our independence gives clients the assurance that we consider all alternatives purely against our clients’ requirements without any bias towards an in-house offering.
BSC arranges funding across the full capital spectrum including senior and subordinated debt, mezzanine debt and equity. Debt types and terms vary and include fixed rate debt, floating rate debt, amortising repayment profile, bullet repayment profile, no recourse debt, limited recourse debt, and so on.
BSC provides services to the following client types:
BSC, in partnership with leading property developers and construction companies, offers end users turnkey solutions to satisfy their requirements for new opportunities. Some of the key end users we focus on are retail groups, healthcare providers, light industrial users and corporates looking for single tenanted offices.
BSC partners with property developers to structure the financial aspects of the project and arrange the required funding.
Utilising our strong funding business, BSC assists property owners in refinancing individual properties or property portfolios. The benefits to our clients include:
As a natural consequence of our business, we encounter attractive property investment opportunities. BSC has strong relationships with a number of property investors with whom we place or partner on these opportunities.
The BSC team has extensive experience in utilising derivative instruments to assist clients with a range of financial risk management and investment objectives. Our services range from helping corporate clients manage their interest rate and currency exposures to structuring investment products for pension funds. Our independence ensures that our clients achieve the most competitive terms from the full range of domestic and foreign investment banks.
We pride ourselves on our ability to explain derivative instruments and solutions in understandable terms thereby empowering our clients to make well informed decisions.
In addition to the advisory work we do in our other lines of business, BSC provides advice on an ad hoc basis in the following areas:
Jaco is an executive director of BSC with responsibility for the Corporate Debt, Supply Chain and Working Capital Finance, and Financial Risk Management business lines. He has gained over 18 years of corporate and investment banking experience, primarily in the origination and structuring of corporate debt, leverage finance and syndicated loans dealing with large listed corporate companies, international multinational firms and financial institutions. Before joining BSC in 2015, Jaco was director and head of Corporate Coverage at HSBC Africa in Cape Town where he was responsible for the origination, structuring and implementation of Global Banking and Markets related products to corporate clients. Jaco holds BCom and BCom (Banking) Honors degrees from the University of Pretoria and an MBA from Manchester Business School, UK
Gert is founder and executive director of BSC with primary responsibility for the Corporate Debt and Commercial Property business lines. He has over 15 years of advisory experience working on lending and debt transactions, mergers and acquisitions, specialised finance and investment products, and commercial property transactions. Gert holds two bachelor of law degrees (BLC and LLB) from the University of Pretoria and a Post Graduate Certificate in Tax from the University of South Africa.
Kirkham Capital is a hedge fund seeding and asset management business founded by Iain Catterall, former Head of Equities at Rand Merchant Bank (RMB), and Michael Pfaff, former CEO of RMB. As a strategic shareholder in our business, Kirkham Capital provides us access to a wealth of financial markets experience, a global network of investors, and insight into the latest trends in the asset management industry.
Orbian is the world's leading Supply Chain Finance (SCF) company. Orbian was conceived and developed in the late 1990's as a joint venture between global leaders in financial services and enterprise software. Orbian became an independent, private company when its current owners purchased the company in 2003. Orbian is comprised of top talent from the world's leaders in finance, technology and customer service and was named World’s Best Supply Chain Finance Company – Non Bank (Global Finance Magazine) in 2016 and 2017. BSC in partnership with Orbian offers supply chain finance and working capital solutions to large South African corporate clients and their suppliers.
Prescient Securities is a JSE registered securities broker, BEE level 2 and forms part of the JSE listed group, Prescient limited.
Mettle was established in 1995 as a specialist financial services company and has, since its inception become recognised for innovation in the creation of specialised financial solutions. Mettle offers financing and administration solutions for clients ranging from international corporates to small to medium enterprises locally, as well as individuals. The company is wholly owned by Tradehold Limited, an investment holding company listed on the Main Board of the JSE (share code: TDH).
Gert Viljoen, founder and executive director of Kirkham Ventures, announced this week in Cape Town that the company will officially be changing its name to Bree Street Capital (BSC) as of 01 June 2016. The decision follows a partial buyout by management of shares from the original capital providers, Kirkham Capital. Kirkham Capital will continue to be associated with Bree Street Capital as a minority shareholder. Iain Catterall, CEO of Kirkham Capital: "This has been a productive first seed investment for Kirkham Ventures and it has been particularly rewarding to watch the team mature into a self sustaining and profitable business. We look forward, as shareholders, to playing a role in Bree Street Capital’s growth in the future."
Viljoen stated that the company is appreciative of Kirkham Capital's support since inception of the business and looks forward to their ongoing involvement in Bree Street Capital. Viljoen explained that the new name would reflect the genesis, the evolving focus and core business of the company, adding, "that the company has grown into a meaningful financial services player in the South African corporate debt capital markets. In conjunction with our strategy to become a more diversified financial services business, we have been pursuing the development of a strong corporate identity that will more accurately represent our company and its products & services to our clients and prospects. While our company name is changing, all core elements of the business will remain the same - over the years we have distinguished ourselves by our independence, track record and quality service delivery and look forward to this new, exciting phase in the development of the company." Along with the name change, the company adopted a new corporate identity, including a new logo and visual identity. The changes are effective immediately, and all future business activity will be undertaken with the new name.