Malcolm Segal
Founder at Grovest Venture Capital Co. Ltd.
Profile
Malcolm holds directorships on the boards of various companies in which he holds private equity investments.
He is an external member of the Special Credit Committee of the Industrial Development Corporation of South Africa Limited and of the Listings Advisory Committee of AltX (Alternate Exchange of the Johannesburg Securities Exchange).
After qualifying as a Chartered Accountant in 1972, Malcolm practiced as a partner of Grant Thornton and was elected Managing Partner of the Johannesburg office in 1986 and National Executive Chairman in 1989.
Malcolm resigned from Grant Thornton in 1997 to establish MDM Growth Investments, a private equity investment fund which he managed until acquired by Sasfin Holdings Limited.
In February 2012, Malcolm resigned from the boards of both Sasfin Holdings Limited and Sasfin Bank Limited to pursue his passions of entrepreneurship and entrepreneurial investment activities.
Malcolm is a co-founder of Grovest and several companies in the Grovest Group including MeTTa Capital Moderate Risk Funds I, II and III.
Malcolm is active in various aspects of South African society and inter alia is a Director of both the Johannesburg Philharmonic Orchestra NPC and the KwaZulu-Natal Philharmonic Orchestra NPC.
Malcolm Segal active positions
| Companies | Position | Start |
|---|---|---|
Seed Engine (Pty) Ltd.
 Seed Engine (Pty) Ltd. Miscellaneous Commercial ServicesCommercial Services Seed Engine operates as a venture capital and private equity firm. It specializes in startup and seed investments. The company was founded by Marc Elias and Jeff Miller in 2012 and is headquartered in Johannesburg, South Africa. | Director/Board Member | - |
Grovest Venture Capital Co. Ltd.
 Grovest Venture Capital Co. Ltd. Investment ManagersFinance Grovest Venture Capital Co Ltd (Grovest) is a venture capital firm founded in 2013 by Jeffrey Miller and Malcolm Segal. The firm is headquartered in Johannesburg, Zambia. | Founder | - |
Metta Capital Advisors LLP
 Metta Capital Advisors LLP Investment ManagersFinance Metta Capital Advisors LLP is a boutique investment bank based in Mumbai, IN. The private company was founded in 2016 and offers a range of services including merger and acquisitions advisory, strategic advisory, capital market advisory, and fund raising. The company is led by seasoned bankers and has been ranked 4th in M&A advisory by total deal value in CY 2020 by Venture Intelligence League Tables. Additionally, they have been ranked 1st in M&A advisory by total deal value in Q3 CY 2020 by VCC Edge League Tables. Metta Capital Advisors has also been ranked #1 for PE and M&A transactions in fashion and retail for most of 2016-2021. The company has provided exclusive financial advisory services to Future Enterprises for the sale of 25%% stake in Future Generali Insurance to Generali Insurance and to Landmark Cars for their IPO. The Indian company has also been the exclusive financial advisor to Nexon Omniverse on their fund-raise from family offices and HNIs. | Director/Board Member | 01/02/2018 |
Industrial Development Corp. of South Africa
 Industrial Development Corp. of South Africa Specialty StoresRetail Trade The Industrial Development Corp. of South Africa operates as a sovereign development finance institution. The company is based in Sandton, South Africa and ultimately controlled by the Government of South Africa. | Investment Committee Member | 01/07/2012 |
Smollan Group SA Pty Ltd.
 Smollan Group SA Pty Ltd. Miscellaneous Commercial ServicesCommercial Services Smollan Group SA Pty Ltd. operates as a retail solutions company, which provides marketing, sales, and merchandising services. It also offers field sales and retail execution, activation, and information technology solutions. The company was founded by Springbok Fred Smollan in 1931 and is headquartered in Johannesburg, South Africa. | Director/Board Member | 01/01/1998 |
Former positions of Malcolm Segal
| Companies | Position | End |
|---|---|---|
| REX TRUEFORM GROUP LIMITED | Director/Board Member | 24/11/2014 |
| AFRICAN AND OVERSEAS ENTERPRISES LIMITED | Director/Board Member | 24/11/2014 |
| SASFIN HOLDINGS LIMITED | Director of Finance/CFO | 12/10/2010 |
MDM Growth Investments Ltd.
 MDM Growth Investments Ltd. Investment Banks/BrokersFinance MDM Growth Investments Ltd. is a South African company that engages in financing activities to raise funds for business operations. The private company is based in Johannesburg, South Africa. | Chief Executive Officer | 30/06/2005 |
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Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 3 |
|---|---|
| SASFIN HOLDINGS LIMITED | Finance |
| REX TRUEFORM GROUP LIMITED | Retail Trade |
| AFRICAN AND OVERSEAS ENTERPRISES LIMITED | Retail Trade |
| Private companies | 10 |
|---|---|
MDM Growth Investments Ltd.
MDM Growth Investments Ltd. Investment Banks/BrokersFinance MDM Growth Investments Ltd. is a South African company that engages in financing activities to raise funds for business operations. The private company is based in Johannesburg, South Africa. | Finance |
Sasfin Capital
 Sasfin Capital Investment Banks/BrokersFinance Sasfin Capital provides investment banking services. The company is headquartered in Waverly, South Africa. | Finance |
Sasfin Bank Ltd.
 Sasfin Bank Ltd. Regional BanksFinance Sasfin Bank Ltd. provides commercial banking services. It offers equipment, vehicle fleet rental, trade, debtor and plant, machinery finance, capital raising, mergers and acquisitions, private equity, treasury, money market products, portfolio management, deal and advisory stock broking and asset management services. The company is headquartered in Johannesburg, South Africa. | Finance |
Smollan Group SA Pty Ltd.
Smollan Group SA Pty Ltd. Miscellaneous Commercial ServicesCommercial Services Smollan Group SA Pty Ltd. operates as a retail solutions company, which provides marketing, sales, and merchandising services. It also offers field sales and retail execution, activation, and information technology solutions. The company was founded by Springbok Fred Smollan in 1931 and is headquartered in Johannesburg, South Africa. | Commercial Services |
Grant Thornton South Africa
 Grant Thornton South Africa Miscellaneous Commercial ServicesCommercial Services Grant Thornton South Africa provides audit, tax and business advisory services. It offers services to the large privately held businesses and private equity backed organizations. The company was founded in 1920 is headquartered in Johannesburg, South Africa. | Commercial Services |
| South African Venture Capital & Private Equity Association | |
Grovest Venture Capital Co. Ltd.
Grovest Venture Capital Co. Ltd. Investment ManagersFinance Grovest Venture Capital Co Ltd (Grovest) is a venture capital firm founded in 2013 by Jeffrey Miller and Malcolm Segal. The firm is headquartered in Johannesburg, Zambia. | Finance |
Seed Engine (Pty) Ltd.
Seed Engine (Pty) Ltd. Miscellaneous Commercial ServicesCommercial Services Seed Engine operates as a venture capital and private equity firm. It specializes in startup and seed investments. The company was founded by Marc Elias and Jeff Miller in 2012 and is headquartered in Johannesburg, South Africa. | Commercial Services |
Metta Capital Advisors LLP
Metta Capital Advisors LLP Investment ManagersFinance Metta Capital Advisors LLP is a boutique investment bank based in Mumbai, IN. The private company was founded in 2016 and offers a range of services including merger and acquisitions advisory, strategic advisory, capital market advisory, and fund raising. The company is led by seasoned bankers and has been ranked 4th in M&A advisory by total deal value in CY 2020 by Venture Intelligence League Tables. Additionally, they have been ranked 1st in M&A advisory by total deal value in Q3 CY 2020 by VCC Edge League Tables. Metta Capital Advisors has also been ranked #1 for PE and M&A transactions in fashion and retail for most of 2016-2021. The company has provided exclusive financial advisory services to Future Enterprises for the sale of 25%% stake in Future Generali Insurance to Generali Insurance and to Landmark Cars for their IPO. The Indian company has also been the exclusive financial advisor to Nexon Omniverse on their fund-raise from family offices and HNIs. | Finance |
Industrial Development Corp. of South Africa
Industrial Development Corp. of South Africa Specialty StoresRetail Trade The Industrial Development Corp. of South Africa operates as a sovereign development finance institution. The company is based in Sandton, South Africa and ultimately controlled by the Government of South Africa. | Retail Trade |
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