1995 - 1998

1995
Founded with R7 million of capital and 3 people
Donaldson, Lufkin & Jenrette, Inc. (“DLJ”) acquires a 51% stake

1996
First capital raising of R300 million
Private equity business commenced with R400 million fund, namely AMB Southern Africa Investors I

1997
Banking licence received
R100 million capital raised for AMB’s listing on the JSE
Independently rated most successful listing of 1997
Debt and treasury businesses commence

1998
Second private equity capital raising of R485 million
AMB DLJ Securities brokerage business formed as a joint venture with DLJ
 

1999 - 2002

1999
Listing of AMB Private Equity Partners on JSE
AMB rights offer raises R272 million

2000
Establishment of offshore subsidiary in Dublin, Ireland
Credit Suisse First Boston (”CSFB”) acquires DLJ

2001
AMB DLJ Securities sold to CSFB

2002
Executive management restructuring
 

2003 - 2006

2003
AMB Group rationalisation commences
AMB and AMB Partners delisted from the JSE in transaction financed by Investec
AMB’s banking licence returned to South African Reserve Bank

2004
Investec’s funding repaid in full

2005
Management control of AMB entrenched
Establishment of first SA focused Hedge Fund, AMB Market Neutral Fund

2006
AMB Capital’s empowerment shareholding established through broad-based BEE foundations
Second SA focused Hedge Fund, AMB Long/Short Fund established
Two further on-balance sheet listed equity funds established
Property initiative launched through Sappi Limited land transaction
Launch of first off-shore Hedge Fund by AMB Capital (Ireland) Limited

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