WERENTCARS RENTAL FLEET PORTFOLIO - VEHICLE RENTAL PORTFOLIO HIGH FIXED INCOME MODERATE CAPITAL RISK - OPTOMISE
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
WeRentCars
RENTAL FLEET PORTFOLIO
Vehicle Rental Portfolio
High Fixed Income
Moderate Capital Risk
Guaranteed 4 Year Exit
Hassle-Free Investment
Optomise Ventures Ltd is an Authorised
Financial Service Provider (FSP 49628) in
accordance with FSCA regulations
Optomise invests in a fleet of vehicles which is
rented to WeRentCars.
WeRentCars currently has a fleet of over 400 vehicles valued at
over R50m. WeRentCars manages all the costs relating to the
vehicles and provides a fixed return to investors.
Investment Product
High Fixed Income 12.25% per annum
Guaranteed Exit Term 4 years
Targeted Total Return* 18.64% (Individual/Trust)
Targeted Total Return* 16.38% (Company)
Risk Rating Moderate
Portfolio Manager WeRentCars
Minimum Investment R 250 000
Maximum Investment R 2 500 000 (Individual/Trust)
Maximum Investment R 5 000 000 (Company)
Legal Vehicle Optomise Ventures Ltd (S12J Fund)
FSCA Approved Fund FSP 49628
Initial Fees 2.00%
Annual Fees 1.50%
Performance fees 15.00% of the Residual Value Achieved
Legal Vehicle Optomise Ventures Ltd (S12J Fund)
Closing Date 30 June 2021
*After tax and fees
**Optomise charges the operator a capital raising fee of 2.75%
The Optomise Founders
invest alongside investors
Hassle-free Investing
WeRentCars guarantees maintenance and management
Net income into investor bank account as dividends every 6 months
WeRentCars will purchase the vehicles from Optomise at the end of the
rental period and net proceeds are returned from sale to investor
How S12J Works
Invest in a unique share
Tax benefit obtained by
class within the Optomise investor on subscription
INVESTOR Fund linked to a portfolio for new shares in a SARS
of rental vehicles approved S12J Venture
managed and rented by Capital Company (VCC)
WeRentCars
OPTOMISE The Optomise Fund (VCC)
FUND invests in the Qualifying
(VCC) Company (QC)
The Optomise Fund holds
ASSET
ownership of the portfolio
HOLDING
of rental vehicles through
COMPANY
the QC
(QC)
Individual/Trust
For illustrative purposes R 1 000 000 investment is used
After 4 Years (net cash in)*
SARS S12J Cash Refund R 450 000
Cumulative Dividends R 695 768
Estimated Net Proceeds from Sale R 144 426
Net Total Rands Returned R 1 290 194
*After tax and fees
Net Total Rands Returned*
R1 500 000 R 1 290 194
R1 250 000 R 144 426
R1 000 000
R750 000 R 695 768
R500 000
R250 000 R 450 000
0
2022 2023 2024 2025 2026
SARS S12J Cash Refund Cumulative Dividends Estimated Net Proceeds from Sale
* After tax and fees
R 550 000 18.64% 4 Years R 1 290 194
Net Initial Targeted Total Guaranteed Term Total Rands Received
Investment Return / IRR after tax & fees
after tax & fees
Company
For illustrative purposes R 1 000 000 investment is used
After 4 Years (net cash in)*
SARS S12J Cash Refund R 280 000
Cumulative Dividends R 869 710
Estimated Net Proceeds from Sale R 180 532
Net Total Rands Returned R 1 330 242
*After tax and fees
Net Total Rands Returned*
R1 500 000 R 1 330 242
R1 250 000
R 180 532
R1 000 000
R750 000
R 869 710
R500 000
R250 000
R 280 000
0
2022 2023 2024 2025 2026
SARS S12J Cash Refund Cumulative Dividends Estimated Net Proceeds from Sale after 5 years
* After tax and fees
R 720 000 16.38% 4 Years R 1 330 242
Net Initial Targeted Total Guaranteed Term Total Rands Received
Investment Return / IRR after tax & fees
after tax & fees
WeRentCars
WeRentCars is a vehicle rental company based in has a financial interest in the vehicle and is at risk
Bloemfontein with a portfolio of over 400 vehicles of loss.
valued at over R50m.
Should customers not pay their rental,
WeRentCars has dealer partners throughout WeRentCars has the ability to remotely shut down
South Africa who provide WeRentCars with and retrieve the vehicle.
customers looking to rent vehicles as they are
unable to obtain traditional bank finance. Optomise has secured a corporate guarantee
from WeRentCars and personal sureties from the
Customers are required to pay a 30% deposit founder shareholders.
upfront in order to ensure that the customer
Founding team with deep experience
Danie Grobler CA(SA) Marnus Coetzee CA(SA) Chris De Wit
Chief Executive Officer Chief Opertaing Officer Co-Founder
Danie is currently the CEO of Marnus is currently the COO of Chris is a seasoned executive
WeRentCars. He has extensive WeRentCars. He has extensive with more than 18 years of
experience in consulting and experience in operations and experience in financial services.
business management. Danie’s key manages the performance of the He previously worked at French-
strengths lie in business leadership, business operations. Marnus is based multinational BNP Paribus
product innovation and strategy. He entrepreneurial in thinking and which has offices in 28 countries.
is a strong business development focus and enjoys looking after He was responsible for managing
professional and has a flair for the fleet portfolio. His previous over 2,000 employees globally with
identifying attractive investment experience includes international an asset portfolio valued at over
opportunities. His previous exposure in the UK while working one billion dollars. He is passionate
experience includes investment for EY after his articles. about technology, financial
management, commercial property inclusion and consumer finance.
and private equity.
25 700 +
+R500m Assets Under
28
Portfolio
+700 Permanent
Assets Under Portfolio Permanent
Management Investments Jobs Created
Management Investments Jobs Created
Optomise has funded SMMEs and
created jobs in the following sectors:
Established in 2015, Optomise is a privately held Hospitality Fibre
alternative investments asset manager with over
R500 million assets under management.
Solar Power Medical
The company is both a SARS and FSCA approved
S12J Venture Capital Company (VCC).
Asset Rental Retail
Optomise manages an investment portfolio of 28
diversified S12J investments across various high
growth sectors including prime-located hotels, Uber
vehicle fleet rentals and solar energy installations. High Tech Manufacturing
Gadi Cohen Mark Collie Michael Roffey Namir Waisberg
Managing Director Executive Director Executive Director Executive Director
BBusSci CA(SA) BCom BCom CA(SA) Actuary CFA
Gadi co-founded Optomise, one Mark is a co-founder of Airvantage, Michael pioneered cellular Namir is the CEO of Willis Burton
of the largest S12J Venture Capital a Fintech provider of mobile phone micro-lending and device Capital Partners, an Investments
Companies in South Africa. To financial and value-added services financing in South Africa. As a & Advisory business established
date Optomise has facilitated the for mobile network operators. Fintech and Telecommunications in 2004. The business focuses on
creation of over 700 permanent In 2009, he founded Icon SA in leader, his products and services M&A, Private Equity, Commercial
jobs in South Africa. Gadi has partnership with Icon UK. Icon are today available in over 15 Real Estate and Venture Capital.
raised and deployed over R500 SA was appointed by FIFA to countries across three continents. In 2014 Namir co-founded Sail
million of investor capital into design, produce and install the Together with partners, he co- Group, a global Chrome Mining
more than 28 venture capital signage and branding for the FIFA founded the largest independent & Commodity Trader based in
investments. Gadi is one of the Confederation Cup 2009 and the cellular retail credit business and Singapore with assets listed on
leading experts in S12J in South FIFA World Cup 2010. He was cellular handset finance business the JSE & the Stock Exchange
Africa. He has developed unique previously the operations director in South Africa. These businesses of Mauritius SEM. In 2009 Namir
intellectual property in the S12J of Wideopen Platform, the leader were sold to a JSE-listed company co-founded Storage Genie, a self-
space which has received private in large format outdoor advertising in 2013 and 2017 respectively. storage business with over 2,500
binding rulings from SARS. A in South Africa which he sold to He has private equity interests storage units across South Africa.
business development expert, Gadi Primedia in 2006. Prior to this in many sectors, including This portfolio has since been sold
is part of Optomise’s investment, Mark was involved in Corporate commercial property, telecoms, to a JSE listed REIT. Prior to this
strategic and product development Finance and Private Equity with fintech, technology and financial Namir was an Investment Banker
committees. the Buffet Investment Group. services. with Investec Bank.
Get in touch 4th Floor, 20 Melrose Piazza Optomise Ventures Ltd
For more information contact Melrose Arch, 14 Whiteley Road Melrose Company Registration Number:
087 153 1192 Johannesburg, 2076 2018/265393/06
info@optomise.co.za SARS Registration Number: Authorised Financial Service Provider
www.optomise.co.za VC - 150 (Optomise Ventures) FSP Licence No. 49628
The information contained herein is for information purposes only and does not constitute advice in any form
You can also read
