Africa-focused mezzanine investor Vantage Capital has provided ZAR77 million (approximately US$7 million) for the acquisition of preferred equity facilities in a Pembani Group-owned special purpose vehicle that holds a 30 percent stake of the ordinary equity and payment-in-kind notes in South Africa-based AfriSam, a building and construction materials company. The transaction was structured through Vantage Mezzanine Fund II. Pembani Group is a Black Economic Empowerment investment holding company. Its AfriSam acquisition was originally funded by a consortium of lenders that included financial services group Standard Bank, which sold a portion of its AfriSam exposure to Vantage in the current transaction.