Dr. Kinesh Pather
Group Executive Chairman
Kinesh has extensive experience in the trade union investment arena – he was previously the CEO of the Chemical and Petroleum Union Investment Company. In this role in 2001, he concluded the first significant BEE transaction in the PharmaCo sector through a substantial equity acquisition into Aspen Pharmacare (SA’s largest generic pharmaceutical manufacturer). This has led to enormous benefits for the Union and its members over the last 8 years. He gained immense insight into the sector and the value proposition to the partners.
Kinesh played a key role in the transformation of the Petroleum sector in SA over the last three years and has access, through direct relationships, with Major Oil Companies and Financiers in this sector. He assisted Total South Africa in formulating its empowerment strategy and approach and is also currently a shareholder in Total SA.
Kinesh was instrumental in the deal structuring of Impala Platinum’s Marula Platinum Mine and lead the consortium to acquire 27% of Marula Platinum in 2005. Kinesh acts as Advisor to Tubatse Platinum and the Marula Community Trust, two of the empowerment partners in the 27% stake of Marula. Kinesh is still retained as advisor on all matters relating to the empowerment stake. The total value of the acquisition was R800million.
Kinesh holds the position of Managing Director of the Bataung Group of companies and through Bataung Oil and Gas played a significant role in the formulation and implementation of acquiring a 26% equity stake in each of 9 companies formed to house the individual concessions granted by the Department of Minerals and Energy for the exploration and extraction of Coal Bed Methane in South Africa. Bataung’s partners in this transaction are NT Energy Africa and the Central Energy Fund
Kinesh also has extensive relationships in both the business and political arena of SA and in various parts of the Globe.
Obayd holds a Bachelor of Commerce degree from Stellenbosch University with majors in Finance, Management Accounting, Auditing, Tax and Financial Accounting. He has previously been employed in the Financial Services industry having been with Ernst & Young and Alexander Forbes before joining AVACAP (Pty) Ltd, a boutique corporate finance an advisory business in 2009.
Obayd holds the position of Managing Director of AVACAP and since joining, has developed a strong network of contacts in the Mergers and Acquisitions, Corporate Finance & Capital Raising space having played the role of principle on many of AVACAP’s successfully concluded transactions.
Obayd has a thorough understanding of the Mining sector which has been a strong industry focus for AVACAP over the last five years. Successfully concluded transactions include strategic entries into Marula Platinum, Makgomo Chrome, Evraz Vametco Holdings and Galaxy Gold. AVACAP successfully negotiated and raised capital for the entry of strategic empowerment consortiums in these companies and remains corporate advisor to the empowerment groupings.
Obayd’s core competencies include transaction structuring and complex negotiations with a strong focus on meaningful and sustainable transformation from a BBBEE perspective.
Barry has a BCom degree from the University of the Witwatersrand and has been involved in financial services and stock-broking for 25 years. He has worked for ING Bearings and Merril Lynch and has run his own stockbroking firm.
At present he is a non-practising stockbroker running a boutique corporate finance business and several family investment holding companies. He has served on the boards of various companies and has also served on the Main Committee of the JSE between 1997 and 2000, as well as on the boards and committees of various clubs and charitable trusts.