Black female-owned private equity investor Moshe Capital has acquired a 20% stake in Pragma, an engineering services business that specialises in delivering enterprise asset management services and solutions. The R50-million deal was funded by FNB and takes black ownership of Pragma to 56,8%.
Pragma serves an asset-intensive client base. Founded in 1990, the engineering services business incorporates proprietary technology into operations to monitor the health of assets and more importantly, predict potential failures to act timeously and avoid downtime. Clients span the mining, manufacturing, public infrastructure, oil and gas and original equipment manufacturing sectors. Pragma’s clients include industry leaders such as Anglo, Syntagon and Shell.
“Having a 100% black woman-owned investment partner in Moshe Capital boosts the transformation of our business in terms of black ownership. It is an added bonus that we gain access to a forward-thinking female leader with valuable advisory experience as well as expertise in sectors with good growth prospects,” says Adriaan Scheeres, Pragma Holdings CEO.
Pragma has a workforce of over 470 staff, of which 45% are women. There are 29 female engineers, of which 15 are black females.
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