The Valeo Capital Team

The Valeo Capital executives and associates have in excess of 50 years combined corporate finance experience with an embedded solution driven culture.

David Tosi

LLB (cum laude), BComm (Hons) Financial Management, JSE Approved Executive

David is an admitted attorney and JSE approved executive. David completed his articles at Cliffe Dekker after which he joined the corporate finance team at PSG Capital in 2006. David remained at PSG Capital for 15 years where he was a member of the executive committee, a director and head of the JSE sponsor team upon his departure. David left PSG Capital in 2021 to establish Valeo Capital with Riaan van Heerden.

David has extensive corporate finance experience and has advised on numerous listings, delistings, capital raisings, secondary placements, rights offers, M&A transactions, disposals, schemes of arrangements, section 112 transactions and other corporate transactions, in both the listed and unlisted space. David advised on the first fast track listing on the JSE and the first dual inward listing on the JSE and the LSE. David has in-depth regulatory experience, specifically in relation to the JSE Listings Requirements and the Takeover Regulations.

Riaan van Heerden

Bacc (Hons), CA(SA), JSE Approved Executive

Riaan is a chartered accountant and JSE approved executive. Riaan completed his articles at PwC, servicing an array of clients locally and abroad. Riaan joined the corporate finance team at PSG Capital in 2007 and remained with PSG Capital for 15 years. Riaan was a member of the PSG Capital executive committee, a director and head of the valuations team until his departure in 2021. Riaan co-founded Valeo Capital in 2021 with David Tosi.
Riaan has extensive corporate finance experience. During his 15 year tenure at PSG Capital, Riaan honed his skills as an all-round corporate financier, advising on numerous listings, M&A transactions, disposal, scheme of arrangements, section 112 transactions, BEE ownership transactions, valuations, fairness opinions, and other corporate transactions in both the listed and unlisted space. Riaan was part of the PSG Capital team which advised Pioneer Foods on the Pepsico acquisition, receiving the prestigious Dealmakers Deal of the Year award for 2019.
Johannes Human

Bcomm (Hons), CFA

Johannes is a seasoned corporate financier with more than 7 years experience and is an executive at Valeo Capital. He started his career at PSG Capital as part of the graduate programme after which he progressed to a senior corporate financier in the team. Johannes has extensive experience in advising on numerous corporate actions including capital raisings (both listed and unlisted), listings, M&A transactions, valuations and BEE transactions, as well as experience in advising on JSE compliance matters and the general regulatory environment.
Vuyo Mzini

B.Bus.Sc (Finance Honours), BCom (Hons) Financial Accounting, CA (SA)

Vuyo is a chartered accountant. He completed his articles at Deloitte, servicing financial services institutions including hedge funds and pension funds. Vuyo started his post-articles career at a Cape Town based private equity firm where he was promoted to Deal Associate. He joined PSG Group Limited as executive assistant to the Chairman and CEO, and an analyst to PSG Alpha, the private equity arm of PSG Group. He later moved to PSG Capital, joining the valuations team until his departure in 2016. 

In 2016 he co-founded Adowa Property Developers, a quasi-private equity property fund focused on student accommodation development, having raised R2bn in committed capital from the Public Investment Corporation. In 2020 he founded Angoma-Mzini Investments (AMI) offering deal execution support to the venture capital and private equity industry. Vuyo has extensive corporate finance and private equity experience and has honed his skills in valuations and deal structuring, with exposure to listings, M&A transactions, disposals, valuations, fairness opinions, and other corporate transactions in both the listed and unlisted space. Vuyo is a consultant to Valeo Capital.

Elaine Edwards

Bcomm (Law), LLB

Elaine is an admitted Attorney and is a corporate financier at Valeo Capital. Prior to joining the Valeo Capital team, Elaine completed her articles at Basson Blackburn Inc in Paarl, where she gained excellent experience in various practice areas, with a focus on commercial and contract law. Elaine fulfils an important role in advising clients on sponsor, issuer agent and commercial legal matters.
Rabie Smal

BComm (Law), LLB, JSE Approved Executive

Rabie is an admitted attorney and conveyancer. Rabie was part of the corporate finance team at PSG Capital for 5 years and prior to that was part of the corporate commercial department of ENSAfrica. Rabie focusses on mergers and acquisitions of both listed and unlisted companies in a variety of sectors, advising on a range of corporate transaction and corporate finance matters and regulatory aspects.
Rabie left PSG Capital to start his own ventures and is currently a consultant at STS Capital Partners, a global mergers and acquisitions firm, specialising in sell-side consulting and advisory services. Rabie is also a consultant to Valeo Capital where he provides general corporate finance advice and advice in terms of the JSE Listings Requirements.
JP Dicks

Bacc (Hons), CA(SA), CFA

JP is a CFA Charterholder and Chartered Accountant (South Africa) with more than 12 years of corporate finance and valuation experience. He was part of the PSG Capital corporate finance team for more than 7 years, whereafter he joined ZAQ Capital, a boutique corporate finance firm.
JP has been involved in origination and successful implementation of various corporate finance and valuation appointments throughout Sub-Saharan Africa on behalf of various clients and/or private equity firms and the provision of corporate strategic advisory, project management and full scope execution of numerous merger and acquisitions. Furthermore he is also involved as CFO of Nande Capital, a private equity advisory firm, which assists South African pension funds to obtain alternative asset exposure. JP and the Valeo Capital executive team has had a strong working relationship for over 12 years on numerous corporate finance projects. JP is a consultant to Valeo Capital.
Kamo Mokhali

Bacc, PG Dip Accounting Science, CA (SA)

Kamo is a Chartered accountant and corporate financier at Valeo Capital. He completed his articles at Deloitte South Africa, where he serviced a diverse portfolio of clients in the asset management, manufacturing and construction industries. Post-articles Kamo joined Makosi on a 12-month secondment, where he serviced private equity and venture capital fund clients in San Francisco and Los Angeles.
Ernst Wesson

BAcc (Hons), CA(SA), CFA

Ernst is a Chartered Accountant and a corporate financier at Valeo Capital. He completed his articles at PwC, within the Financial Services division, where his client portfolio consisted of industries such as asset management, reinsurance, life insurance, pension funds and hedge funds. While completing his articles, Ernst also completed all three levels of the CFA exam. Post-articles Ernst did a virtual secondment to the USA via PwC, where he serviced clients in the hedge fund and private equity industries.
Johann Strauss

Bacc (Hons), CA(SA), CFA

Johann is a chartered accountant and a CFA Charterholder. Johann specialised in corporate finance at KPMG on completion of his articles with the firm in 2012. Johann was a key member of the M&A team at Distell. In 2018 Johann joined Pragma, a leading engineering group, where he was in charge of corporate development and the group finance function whereafter he founded Mergeition, an M&A advisory business. Johann has extensive and practical experience in all aspects of the M&A cycle, corporate finance and financial management. During his career of more than 13 years he honed his skills on due diligence assignments, valuations, deal negotiations and the end-to-end project management of transactions. He played a vital role in several transactions at Distell, most notably their multi-million-dollar acquisition of a significant stake in a pan African spirits business. At Pragma he managed the successful acquisition of a Dutch consulting firm, as well as the disposal of a significant minority stake to a BEE investment firm. Johann is a consultant to Valeo Capital.
Lee-Ann Pillay

BCom (Acc), Professional Accountant (SA), MBA

Lee-Ann is a highly qualified and experienced professional with a Masters in Business Administration (MBA) from the Graduate School of Business (UCT) and also holds a BCom (Acc) degree. She completed her articles with PwC and was a practicing professional accountant for 13 years, before transitioning to management consulting in M&A, Strategy and Human Capital in 2017. Her expertise lie in Finance, Strategy and Project Management, which makes her a great all-rounder when it comes to driving organisations forward. Currently, she is Head of PMO at one of Africa’s largest fintech’s where she facilitates the roll-out of new products and spearheads the execution of C-Suites strategic objectives. Lee-Ann’s deep-seated passion also lies in “giving back”. She is a firm believer in a quote by Nelson Mandela, “For to be free is not merely to cast off one’s chains, but to live in a way that respects and enhances the freedom of others.” With this at her core, serves as a trustee of the Valeo Capital Empowerment Trust and endeavours to help drive social development initiatives forward.
Mahomed Ibrahim

Fellow of the Institute of Actuaries (UK), CFA® Charterholder, BBusSc (Actuarial Science, Finance Honours)

Mahomed spent six years as a senior actuarial and investment consultant at NMG, helping pension funds quantify and understand their liabilities and make investment decisions appropriate to them. He then spent three years at Perpetua Investment Managers as an equity research analyst covering a range of global and local companies across a wide range of sectors where he also acted as an assistant portfolio manager. Mahomed founded Palm Capital in 2017, a research-driven investment firm where he works on originating, carrying out due diligence, structuring and advising on global and local listed and unlisted equity and debt investment opportunities in companies across all stages of lifecycle. Mahomed is a consultant to Valeo Capital.
Natalie September

BA, Public Administration / HR Management

Natalie is a seasoned office manager and office administrator. Natalie coordinates and oversees all office activities and administrative functions for the team. Natalie ensures that the Valeo Capital team operates efficiently and effectively.