ASOC Fund acquires a stake in Skynet South Africa

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ASOC Fund is has announced the conclusion of the share acquisition and re-capitalization of courier company, Skynet South Africa (Pty).

The recapitalization of Skynet South Africa will enable the implementation of a business model transformation that will see the business refocus on domestic and international express parcels, establishing a virtual client contact centre and optimising current branch and depot infrastructure among other key operational initiatives.

“We are very excited by this opportunity to invest in Skynet, and look forward to standing shoulder to shoulder with the Skynet team as we restructure and focus on building a preeminent express courier business in Southern Africa,” said Shaun Collyer, ASOC Fund Chief Investment Officer.

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