MEET THE

TEAM

A dynamic blend of seasoned experts and innovative minds, collectively bringing decades of industry experience to the table.

JAN BOSCH

MANAGING PARTNER

JAN BOSCH

MANAGING PARTNER

Jan founded and launched Salt Capital over 10 years ago and manages the business on a day-to-day basis. Early on in his corporate career, Jan had a vision to build a distinguished African private equity business and to that effect has assembled the team of partners, refined the investment strategy and built a track-record of prized assets over the years.

Jan started his professional career working in corporate finance for 12 years, initially with Nedbank followed by 6 years with Investec.

Since launching the business in 2012, Jan has sourced and co-managed all the historic investments including representing Salt Capital on the boards of those companies.

Jan has also led and co-managed all the exits to date, including the recent competitive sale process of a high-profile food distribution business.

Jan has led the fundraising of the firm over the last few years and more recently successfully concluded the first close of Salt Equity I at $46.6m (December 2022).

Jan holds a Bachelor of Commerce (University of Pretoria), an LLB (University of South Africa) and a Master in Finance (University of London).

JANNIE GROBBELAAR

PARTNER

JANNIE GROBBELAAR

PARTNER

Based out of Salt Capital’s office in South Africa, Jannie shares responsibility for driving the firm’s investment strategy across Southern Africa – a key role backed by Jannie’s unique background in the region.

Prior to joining Salt Capital in 2017, Jannie was a member of the Exco at Grindrod Bank in South Africa. Previously, he held senior management positions at several investment banks and stockbrokers and has been closely involved with some of the highest profile IPOs and corporate actions on the JSE.

Having experience in both corporate finance and private equity Jannie has also held board positions in many companies in South Africa in the capacity of private equity investor and designated advisor to JSE listed companies.

Leveraging the depth and breadth of his experience, Jannie has built a uniquely strong network in both the listed and unlisted markets which underpins his role in our investment success.

Jannie holds a Bachelor of Commerce and MBA from the University of Stellenbosch and is a CFA charter holder and shares the Investment strategy responsibility with Aris Malliaros (below).

ARIS MALLIAROS

PARTNER

Aris is a seasoned private equity transactor with skills developed over 20+ years, starting in capital markets, and corporate finance and evolving into private equity.

Aris has built expertise in originating, managing and exiting both early stage and high growth equity investments, as well as mezzanine debt finance. His investment management experience includes, amongst other things, managing distressed or turnaround assets that required strategic and operational input from the investment manager/ financier.

Aris joined Salt Capital as a Partner in June 2019 and prior to that worked for over 9 years at Grindrod Bank and Grindrod Financial Services of which the last five years he held the position of Head: Private Equity managing an investment portfolio of over R500m.

Aris also spent six years in London from 2001 – 2007, working in the Capital Markets and Corporate Finance teams at PricewaterhouseCoopers, where he co-led cross-border and UK based transactions covering debt securitisations, equity IPO’s and M&A deals. During his final year in London, Aris joined the Private Equity team at Henderson Global Investors focusing on infrastructure investments with an AUM of £1 billion. Aris shares responsibility for fundraising as well as driving the firm’s investment strategy.

Aris holds a Bachelor and Honours degrees in Accounting Sciences and is a Chartered Accountant registered with the South African Institute of Chartered Accountants.

ARIS MALLIAROS

PARTNER

KEYUR PATEL

PARTNER

Keyur co-founded Salt Capital with Jan in 2012, playing a pivotal role in shaping the business into what is it today and amassing 14 years direct Africa focused private equity experience.

Keyur has worked on a variety of transactions across different sectors and regions and has a broad experience base covering the full spectrum of the private equity value chain from investment entry to exit and including holding director positions at investee companies.

Prior to Salt Capital, Keyur worked in the London office of Investec Bank where he held roles in the Investment Banking division, focused on corporate finance advisory mandates.

Keyur also worked at Ernst & Young in the Transaction Advisory division advising on cross-border transactions, after qualifying as a Chartered Accountant with Deloitte in 2004.

Keyur is a joint honours graduate of Mathematics and Economics from The London School of Economics, and a Fellow Chartered Accountant registered with the Institute of Chartered Accountants in England and Wales.

KEYUR PATEL

PARTNER

KEN WILLIAMS

CHAIRMAN OF THE INVESTMENT COMMITTEE

KEN WILLIAMS

CHAIRMAN OF THE INVESTMENT COMMITTEE

The focus of Ken’s career, comprises strictly Emerging Markets and predominantly Africa with specific interest in FMCG, Food and industrial companies.

Ken has 20 years of investment banking experience, prior to which he had 7years of exposure to leading multinational FMCG organizations; beginning with Unilever in South Africa via graduate placement, and by his mid-twenties he was running the Southern African Consumer Division of what today is the Fonterra Co-operative, the largest dairy business worldwide.

During this time Ken gained valuable experience in Malawi, Zambia and Zimbabwe.

In 1998, Ken transitioned into Investment Banking; first as an equity analyst and later to equity sales, equity capital markets, desk head and head of equities roles with the likes of; ING, Sanlam and Deutsche Bank.

Ken was born and grew up in Zimbabwe and has a B.Econ and MBA qualifications.

MELISSA MAKWARIMBA

ESG OFFICER

MELISSA MAKWARIMBA

ESG OFFICER

Melissa Makwarimba is an experienced ESG and sustainability officer who specializes in sustainable finance. She holds an MA in Pure & Applied Biology and an MBA. With over 17 years of experience, Melissa has been advising and building the capacity of public and private sector organizations to respond to sustainability challenges through their governance structures, policies, strategies, and management of operations. Past clients she has advised on, operate in the finance, infrastructure, extractives, and industrial sectors in emerging market economies.

When the concept of Sustainable Finance was still relatively new, Melissa’s primary focus pivoted to advising financial sector actors on environmental, social, and governance (ESG) risks at both investment level and market level on systemic risk to financial systems. Her clients have included major development finance institutions such as IFC, DEG, FMO, their financial and corporate clients across Africa, banking associations, and regulators.

Melissa has been a tutor for UNEP FI’s environmental and social risk analysis online course for commercial banks since 2007. She has also delivered seminars for Bank Executive and Non-Executive Directors and CEOs and Board members of finance sector regulators. She led the team that developed an e-learning platform for the Kenya Banking Association to support their Sustainable Finance Initiative and completed a similar initiative for the Sri Lankan Bankers Association. The Kenyan platform is available to all employees across the banking sector in Kenya and since its launch has reached over 40,000 bankers.

JAN BOSCH

MANAGING PARTNER

JAN BOSCH

MANAGING PARTNER

Jan founded and launched Salt Capital over 10 years ago and manages the business on a day-to-day basis. Early on in his corporate career, Jan had a vision to build a distinguished African private equity business and to that effect has assembled the team of partners, refined the investment strategy and built a track-record of prized assets over the years.

Read More

Jan started his professional career working in corporate finance for 12 years, initially with Nedbank followed by 6 years with Investec.

Since launching the business in 2012, Jan has sourced and co-managed all the historic investments including representing Salt Capital on the boards of those companies.

Jan has also led and co-managed all the exits to date, including the recent competitive sale process of a high-profile food distribution business.

Jan has led the fundraising of the firm over the last few years and more recently successfully concluded the first close of Salt Equity I at $46.6m (December 2022).

Jan holds a Bachelor of Commerce (University of Pretoria), an LLB (University of South Africa) and a Master in Finance (University of London).

JANNIE GROBBELAAR

PARTNER

JANNIE GROBBELAAR

PARTNER

Based out of Salt Capital’s office in South Africa, Jannie shares responsibility for driving the firm’s investment strategy across Southern Africa – a key role backed by Jannie’s unique background in the region.

Read More

Prior to joining Salt Capital in 2017, Jannie was a member of the Exco at Grindrod Bank in South Africa. Previously, he held senior management positions at several investment banks and stockbrokers and has been closely involved with some of the highest profile IPOs and corporate actions on the JSE.

Having experience in both corporate finance and private equity Jannie has also held board positions in many companies in South Africa in the capacity of private equity investor and designated advisor to JSE listed companies.

Leveraging the depth and breadth of his experience, Jannie has built a uniquely strong network in both the listed and unlisted markets which underpins his role in our investment success.

Jannie holds a Bachelor of Commerce and MBA from the University of Stellenbosch and is a CFA charter holder and shares the Investment strategy responsibility with Aris Malliaros (below).

ARIS MALLIAROS

PARTNER

ARIS MALLIAROS

PARTNER

Aris is a seasoned private equity transactor with skills developed over 20+ years, starting in capital markets, and corporate finance and evolving into private equity.

Aris has built expertise in originating, managing and exiting both early stage and high growth equity investments, as well as mezzanine debt finance. His investment management experience includes, amongst other things, managing distressed or turnaround assets that required strategic and operational input from the investment manager/ financier.

Read More

Aris joined Salt Capital as a Partner in June 2019 and prior to that worked for over 9 years at Grindrod Bank and Grindrod Financial Services of which the last five years he held the position of Head: Private Equity managing an investment portfolio of over R500m.

Aris also spent six years in London from 2001 – 2007, working in the Capital Markets and Corporate Finance teams at PricewaterhouseCoopers, where he co-led cross-border and UK based transactions covering debt securitisations, equity IPO’s and M&A deals. During his final year in London, Aris joined the Private Equity team at Henderson Global Investors focusing on infrastructure investments with an AUM of £1 billion. Aris shares responsibility for fundraising as well as driving the firm’s investment strategy.

Aris holds a Bachelor and Honours degrees in Accounting Sciences and is a Chartered Accountant registered with the South African Institute of Chartered Accountants.

KEYUR PATEL

PARTNER

KEYUR PATEL

PARTNER

Keyur co-founded Salt Capital with Jan in 2012, playing a pivotal role in shaping the business into what is it today and amassing 14 years direct Africa focused private equity experience.

Read More

Keyur has worked on a variety of transactions across different sectors and regions and has a broad experience base covering the full spectrum of the private equity value chain from investment entry to exit and including holding director positions at investee companies.

Prior to Salt Capital, Keyur worked in the London office of Investec Bank where he held roles in the Investment Banking division, focused on corporate finance advisory mandates.

Keyur also worked at Ernst & Young in the Transaction Advisory division advising on cross-border transactions, after qualifying as a Chartered Accountant with Deloitte in 2004.

Keyur is a joint honours graduate of Mathematics and Economics from The London School of Economics, and a Fellow Chartered Accountant registered with the Institute of Chartered Accountants in England and Wales.

KEN WILLIAMS

CHAIRMAN OF THE INVESTMENT COMMITEE

KEN WILLIAMS

CHAIRMAN OF THE INVESTMENT COMMITTEE

The focus of Ken’s career, comprises strictly Emerging Markets and predominantly Africa with specific interest in FMCG, Food and industrial companies.

Read More

Ken has 20 years of investment banking experience, prior to which he had 7years of exposure to leading multinational FMCG organizations; beginning with Unilever in South Africa via graduate placement, and by his mid-twenties he was running the Southern African Consumer Division of what today is the Fonterra Co-operative, the largest dairy business worldwide.

During this time Ken gained valuable experience in Malawi, Zambia and Zimbabwe.

In 1998, Ken transitioned into Investment Banking; first as an equity analyst and later to equity sales, equity capital markets, desk head and head of equities roles with the likes of; ING, Sanlam and Deutsche Bank.

Ken was born and grew up in Zimbabwe and has a B.Econ and MBA qualifications.

MELISSA MAKWARIMBA

ESG OFFICER

MELISSA MAKWARIMBA

ESG OFFICER

Melissa Makwarimba is an experienced ESG and sustainability officer who specializes in sustainable finance. She holds an MA in Pure & Applied Biology and an MBA. With over 17 years of experience, Melissa has been advising and building the capacity of public and private sector organizations to respond to sustainability challenges through their governance structures, policies, strategies, and management of operations. Past clients she has advised on, operate in the finance, infrastructure, extractives, and industrial sectors in emerging market economies.

Read More

When the concept of Sustainable Finance was still relatively new, Melissa’s primary focus pivoted to advising financial sector actors on environmental, social, and governance (ESG) risks at both investment level and market level on systemic risk to financial systems. Her clients have included major development finance institutions such as IFC, DEG, FMO, their financial and corporate clients across Africa, banking associations, and regulators.

Melissa has been a tutor for UNEP FI’s environmental and social risk analysis online course for commercial banks since 2007. She has also delivered seminars for Bank Executive and Non-Executive Directors and CEOs and Board members of finance sector regulators. She led the team that developed an e-learning platform for the Kenya Banking Association to support their Sustainable Finance Initiative and completed a similar initiative for the Sri Lankan Bankers Association. The Kenyan platform is available to all employees across the banking sector in Kenya and since its launch has reached over 40,000 bankers.