News and Events
01 May 13: Fund raising for Acorn SME Fund 2 commences.
30 April 13: Update on Acorn Funds performance presented to investors and interested parties.
27 Nov 12: Successfully concluded a transaction between Overberg Agri and Grainfarmers Group to the value of R927 million.
30 Jun 12: Update on Acorn Funds performance presented to investors and interested parties.
14 Dec 11: Update on Acorn Funds performance presented to investors and interested parties, which included Acorn´s strategy and performance to date.
26 Aug 11: Acorn General Fund One is fully invested. This is an achievement the Acorn team is proud of as it was achieved within 21 months of the fund´s first close.
26 Aug 11: Acorn General Fund One acquired an indirect 30% interest in Saint Pie. Saint Pie produces and supplies high quality pies mainly to the fuel station forecourts and retailers in South Africa. Saint Pie is well known for their value for money pies and have been ranked as the Best Supported Brand in the pie industry.
15 April 11: Update on the Acorn Funds presented to investors and interested parties.
24 Feb 11: Acorn General Fund One acquired a 33.98% interest in Grassroots Group Holdings. Grassroots produces high quality niche, natural health and lifestyle food products based on dried fruit which includes edible and decorative dried fruit, health snacks and phytomedicinal products. Grassroots is situated in Gouda, Western Cape.
30 Nov 10: Acorn Venture Technology Fund One acquired a 10.27% interest in Gecco Group. Gecco produces high quality fuel and other value added products from the refining of renewable resources such as used lubricating oils, plastics and other waste materials. Gecco is situated in Cape Town, Western Cape.
15 Sept 10: Acorn General Fund One acquired a 41.66% interest and Acorn Venture Technology Fund One a 15.0% interest in USC Metering. USC is South Africa´s leading supplier of advanced water management devices and is situated in Durban, Kwa-Zulu Natal.
01 Sept 10: Acorn General Fund One acquired a 25.1% interest in Lesotho Milling Company and a 25.0% interest in Target Investments. Lesotho Milling Company is a wheat and maize mill in Ficksburg, Lesotho, and Target Investments is a wheat mill in Durban, Kwa-Zulu Natal.
12 Dec 09: Acorn General Fund One started raising funds on 1 November 2009. The fund had a successful first close by the first week of December. This is a great achievement considering the current tough conditions in the market when it comes to fund raising processes. Acorn is still actively pursuing investors but its focus is mainly on a number of target investments.