Firebird Fund Managers

Turning Distress into value

Overview

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10 Harrier Cres, Sandton 2191, South Africa
South Africa
Retail and wholesale, Agribusiness, Automotive, Banking, Clean technology, Computer hardware, Computer software, Construction, Creative, media and entertainment, Diversified services, E-commerce, Education, Electronics, Financial services, Food and beverage, Healthcare, Insurance, Internet, Leisure and travel, Manufacturing, Mobile, Real estate, Renewable energy, Telecom, Transport and logistics, Utilities, Waste management and recycling, Water, sanitation and hygiene

Black Women-Owned South African Fund Managers 

Firebird Fund Managers has its roots in business rescue and private equity. We specialize in identifying businesses which are distressed but where active intervention, new capital, debt restructures and compromises, can remedy the distress. We ensure Transformation and Impact through the following:Firebird is 75% black ownedJobs retained is key metric to us as well as above average IRR’s We hand over our businesses wherever possible to new entrants  Sustainable businesses with great governance is our goal

Firebird Turnaround Fund – Investment Thesis 

Firebird Turnaround Fund is a debt and equity fund investing in non-performing loans and businesses in South Africa.  If businesses show a track record of good profits before current distress, and we can see a fix, we intervene to return them to fair value.  Even good, well established businesses can get into a distressed situation – over-gearing, fraud, poor management, shareholder, funder and board disputes. The Fund targets deals with entry valuations at a discount to NAV and exit on a far higher traditional multiple valuations basis. We do this through balance sheet restructuring, compromises and active intervention using select partners.  We partner with experts and have a network of investment professionals, business rescue practitioners and experienced CEO’s and CFO’s to parachute into every target business to restore value and create sustainable growth.

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