Tag Archives: Basileus Capital

Hof hoor van band tussen Cobus Kellermann, Herman Pretorius

10 May

Author: Nellie Brand-Jonker 

Publications: Netwerk24

Date Published : 10 Mei 2015

Die baasbrein agter Suid-Afrika se reuse-RVAF-piramideskema, wyle Herman Pretorius, word in hofstukke in Guernsey oor beleggingskemas genoem waarby die Kaapse batebestuurder Cobus Kellermann betrek word.

In die hofstukke daar word gesê van die hoogs riskante Suid-Afrikaanse beleggings wat Kellermann as ’n portefeuljebestuurder van ’n Guernsey-fonds gemaak het, was in maatskappye van Basileus Investments.

Wie was Basileus Investments?

Basileus Investments het in 2012 die nuus gehaal toe sy uitvoerende hoof, Julian Williams, in sy kantoor in die middestad van Kaapstad deur Preto­rius doodgeskiet is. Pretorius het homself daarna geskiet.

Volgens die hofstukkie is die JSE-genoteerde BK One gestig as ’n voertuig waardeur kapitaalinspuitings gemaak kon word om die Basileus-verwante maatskappye te ondersteun.

Paul Yabsley, die ondersoeker van Guernsey se finansiële owerheid, skryf in die hofstukke dat die Strategic-fonds in ’n stadium onder leiding van Kellermann direk en indirek deur fondse van Mauritius beleggings en lenings aan Basileus en sy verwante maatskappye gemaak het.

Die hofstukke verduidelik ook hoe die Strategic-fonds in wese R71 miljoen geleen het aan ’n maatskappy om ’n plaas in Helshoogte te ontwikkel en daarna weer R72 miljoen opgedok het om die plaas te koop – om dié lenings aan homself terug te betaal, volgens Yabsley.

Yabsley verwys na die skietvoorval op 26 Julie 2012 toe Williams deur Pretorius geskiet is, glo oor ’n dispuut oor geld wat Basileus se maatskappy AV Alloy aan hom moes betaal het.

Daar is berig dat dié geld deur Pretorius gebruik is om die beweerde piramideskema te finansier. Dit het later aan die lig gekom dat beleggers R2,2 miljard in Pretorius se Relative Value Arbitrage Fund (RVAF) belê het.

Belangebotsings?

Die hofstukke verwys ook na die hoogs omstrede transaksie wat Kellermann gedurende die week van die skietvoorval met BK One-aandele uitgevoer het om die aandele te verkoop. Kellermann was in daardie stadium die eienaar en portefeuljebestuurder van Ankh Analytic wat ’n Ankh-fonds bestuur het wat BK One-aandele besit het.

Ná die skietvoorval het BK One se aandeelprys skerp geval.

Volgens Yabsley is die BK One-aandele aan die Strategic-fonds verkoop teen die prys waarop dit op 25 Julie 2012 verhandel het.

Daar is geen bewyse tot die Guernsey finansiële kommissie se beskikking dat Kellermann in daardie sta­dium enige poging aangewend het om die skietvoorval van Pretorius en Williams en die negatiewe uitwerking wat dit waarskynlik sou hê op die BK ­One-aandele te openbaar nie, voer Yabsley aan.

“Alle aspekte van hierdie transaksie is hoogs twyfelagtig. Sonder twyfel is die Ankh-fondse se belange in BK One verkoop tot voordeel van beleggers in die Ankh-fondse en tot nadeel van die beleggers in die Strategic-fondse.

“Kellermann het groot belangebotsings gehad in alle dele van die transaksie met sowel Ankh as die Strategic-fondse.”

Yabsley sê Kellermann moes al in Junie 2012 bewus gewees het van die bewerings oor die bedrieglike beleggingskema van Pretorius.

Kellermann het onlangs aan Die Burger gesê die opdrag om die BK One-aandele te verkoop, is gegee ’n dag voordat Williams geskiet is. Volgens hom het dit verband gehou met die administrateur van Ankh se opdrag om sekuriteite te verkoop om likiditeit in die fonds te kry.

“Die vereffening van die aandele vind ’n dag of twee ná die transaksie plaas. Daar is niks ongerymd daaraan nie.”

Volgens hom is dit deur die Raad op Finansiële Dienste ondersoek, wat gelukkig was met die antwoorde.

 

SA fund manager faces big losses in Herman Pretorius fallout

3 Oct

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 03 October 2012

JOHANNESBURG – Two Mauritius-based funds, managed by a South African, face big losses as a result of the Herman Pretorius homicide. On July 26 Herman Pretorius shot dead his former business partner, Julian Williams, and then himself. It was later revealed that Pretorius had been operating a R3.1bn Ponzi scheme.

Williams was CEO of private-equity company Basileus Capital. He was also associated with JSE-listed BK One, which has its entire R200m portfolio invested in four Basileus-related companies. The homicide created problems for BK One, because Williams played a key role in its investments.

Already one of BK One’s four investments, Tor Construction, has been placed under provisional liquidation as a result of the shooting. BK One has since proposed an injection of various Basileus assets as part of a business rescue plan.

The biggest investor in BK One is a Mauritius-registered fund called ………

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Honderde verloor werk

12 Sep

Author: Jackie Kruger

Publications:  Die Burger

Date Publiched: 12 September 2012

HARTENBOS. – Die skietdood van die sakemanne Herman Pretorius en Julian Williams het die ekonomie van Mosselbaai ’n gevoelige slag toegedien.

Sowat 800 mense het hul werk verloor as gevolg van die twee se dood in Julie en die gevolglike verbrokkeling van hul sakeryk.

Die posisie van die 800 het in die gedrang gekom nadat ’n aansoek om likwidasie teen die konstruksiemaatskappy Tor Construction gebring is deur Tor Holdings, ’n entiteit van die beleggingsmaatskappy Basileus.

Ten tyde van ’n besoek van Die Burger aan Tor Construction ………

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Fund’s lucky escape from Herman Pretorius fallout

12 Sep

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 12 September 2012

Fund sold its entire stake in listed Julian Williams entity on the day he was shot.

JOHANNESBURG – Fund manager Ankh Analytic sold its entire stake in BK One on the day Basileus Capital CEO Julian Williams was shot.

The sale was a very lucky escape for Ankh, because BK One’s portfolio consists of four Basileus-related companies. One of these companies, Tor Construction, has already been placed under provisional liquidation in the fallout of Williams’s death. The remaining three ………

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BK One Limited – Reports and Share Info

10 Sep

Proposed Acquisition and Renewal of Cautionary Announcement

28 August 2012

Announcement regarding the proposed acquisition by the Company of Basileus Capital Proprietary Limited’s (‘Basileus Capital’) controlling interests in select assets (the ‘Target Assets’) (the ‘Proposed Acquisition’) and renewal of cautionary announcement.

Further Cautionary Announcement and Recommencement of Trading

24 August 2012

BK One shareholders (“shareholders”) are referred to voluntary suspension of trading announcement released on SENS on 23 August 2012.

100de werkloos na besigheid gelikwideer

31 Aug

‘n Lugfoto van Tor Konstruksie se geboue buite Hartenbos.

Author: Louise Karsten

Publications: Mosselbay Advertiser

Date Published: 31 August 2012

MOSSELBAAI NUUS – Ongeveer 800 werknemers van die padboubesigheid, Tor Konstruksie, sit sonder inkomste nadat die maatskappy vroeër die maand noodgedwonge sy deure moes sluit. Dié getal sluit permanente en tydelike werknemers in.

Die direkteur van die maatskappy, mnr André van den Heever, sê Tor se deure is gesluit weens van die afsterwe van die besturende direkteur, Julian Williams, van die private ekwiteit groep Basileus Capital. Williams is einde Julie vermoedelik deur sy voormalige sakevennoot, die miljoenêr-sakeman, Herman Pretorius (55), doodgeskiet. Tor is een van vier maatskappye ………

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BK One to take part in Basileus Capital rescue

29 Aug

Author: Donwald Pressly

Publications: iOL

Date Published: 29 August 2012

BK One is poised to acquire a majority stake in various Basileus Capital businesses including a cash management services firm, prospecting rights, oil and agri-technology operations.

In an announcement yesterday, BK One announced its proposed acquisition of Basileus Capital’s interests “in select assets and renewal of a cautionary announcement”. This follows an announcement two weeks ago by Basileus Capital that it had initiated business rescue proceedings, following the killing of chief executive and co-founder Julian Williams allegedly by his former business partner Herman Pretorius on July 26. Pretorius turned the gun on himself afterwards.

Moneyweb reported that Basileus Capital was seeking to have its assets listed on the JSE through BK One. Private equity provider BK One’s preference shares are listed on the JSE but its ordinary shares are not. It is not clear whether the proposed transaction would be funded with ordinary shares or preference shares.

In terms of the rescue process, a majority of the affected creditors must approve the rescue plans.

BK One was launched by Basileus Capital and Kwanda Capital Investments. It raised R200 million in an initial public offering on the JSE after offering 20 million preference shares at R10 a share in December last year.

Three weeks after its chief executive’s death, Basileus Capital, which employs about 50 people, announced on its website that following “the tragic loss of Julian Williams… the board… has initiated business rescue proceedings”. “This measure was taken in order to protect all existing stakeholders, in particular the group’s current creditors, investors and staff.”

BK One reported yesterday that it would acquire “the target assets” from Basileus Capital subject to a number of conditions and the purchase consideration “will equal 90 percent of the value of the target assets”, as determined by the business rescue practitioners and confirmed by an independent valuer appointed by BK One.

There are seven target assets, three of which BK One already has an interest in.

n BK One currently has a 7.7 percent interest in Pure Ocean Aquaculture, a fish-farming firm. It seeks a further 86.3 percent interest, which is held by Basileus.

n Basileus Capital intends disposing of its 76 percent interest in physical cash management services firm Cash Connect to BK One.

n BK One seeks to acquire Basileus Capital’s 77 percent interest in Kawuleza Connect, which offers internet access services to customers throughout South Africa.

n BK One seeks to acquire Basileus Capital’s 98 percent interest in Lefatse Minerals, which is involved in the exploration and development of heavy minerals. It has prospecting rights over a deposit on the West Coast.

n BK One seeks to acquire Basileus Capital’s 94 percent interest in Burgan Oil Services, which is looking to develop fuel infrastructure facilities.

n BK One seeks Basileus Capital’s 100 percent interest in Tor Oil Infrastructure Construction, a new oil infrastructure development specialist.

n BK One will acquire Basileus Capital’s 82 percent interest in Agri-Technologies and Services, which provides technology solutions to the agricultural sector.

BK One noted that depending on the settlement mechanisms of the proposed acquisition – BK One ordinary or preference shares – the company “may be required to restructure its share capital”. This would require shareholder and JSE approval.

BK One executive director Dean Richards could not be drawn on a transaction price, but this would be determined by business rescue practitioner Alan Rennier of Ren Trust and independent valuers.

It is understood that existing Basileus staff will be absorbed and new staff will also be appointed.

Troubled Basileus Capital wants to list assets on JSE

28 Aug

Author I-Net Bridge

Publications: MoneyWeb

Date Published: 28 August 2012

BK One the intended home for seven companies with an unknown value.

Johannesburg‚ Aug 28 (I-Net Bridge) – BK One Limited (BK1P) announced on Tuesday that last week it had entered into a binding memorandum of understanding for it to acquire various target assets from Basileus Capital.

The target assets consist of seven assets‚ three of which the BK One already has an interest in. They include Pure Ocean‚ Cash Connect‚ Kawuleza Connect‚ Lefatse Minerals‚ Toroic‚ Burgan Oil and Agri-Tech.

“The company (BK One)‚ through its historic …….

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Death of Julian Williams causes liquidation threat for JSE investors

23 Aug

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 23 August 2012

director James Ngculu seeks liquidation of a BK One investment.

JOHANNESBURG – Basileus Capital director, James Ngculu wants an investment of JSE-listed BK One declared insolvent. Ngculu is a former ANC member of parliament and the right-hand man of the late Basileus CEO Julian Williams.

Ngculu drafted an affidavit calling for the liquidation of road-building business Tor Construction. Tor Construction is one of four companies …..

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Deaths expose troubled business at Basileus Capital

17 Aug

Author: LIONEL FAULLSAM SOLE

Publications: M&G

Date Publiched: 17 August 2012

Deaths expose troubled business at Basileus Capital

Investigations have suggested that Basileus Capital was already treading water before the death of Julian Williams.

The empire of slain businessman Julian Williams appears poised for collapse, following the announcement that his Basileus Capital group has initiated “business rescue proceedings”.

Business rescue is an alternative to liquidation provided for under the updated …………….

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Basileus seeks business rescue after death of CEO Julian Williams

14 Aug

Julian Williams

Author: Julius Cobbett

Publications: Moneyweb

Date Publiched: 14 August 2012

Business rescue includes SA Superalloys which owes R140m to 500 investors.

JOHANNESBURG – Basileus Capital, a private-equity firm that employs nearly 50 people, has initiated business rescue proceedings. This comes nearly three weeks after the death of Basileus CEO Julian Williams. It is believed that Williams was shot dead by his former business partner Herman Pretorius, who committed suicide afterwards.

The initiation of a business rescue is the second act of insolvency to result from the murder. Less than a week after the ………..

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Activities ‘not unlawful’

13 Aug

Author:  Staff Reporter

Publications:iOL

Date Published:  13  August 2012

The business dealings of Herman Pretorius, one of two businessmen who died in a central Cape Town shooting last month, was red-flagged as far back as May last year, the Financial Services Board (FSB) has reported.

Pretorius and Julian Williams, 37, a chief executive of Basileus Capital, were found dead in an office in the Icon building on the Foreshore on July 26. Williams was shot in the neck and stomach. Pretorius had a bullet wound to the head. A 9mm pistol was found at the scene.

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Murder-Suicide at Center of Potential $245 Million South African Ponzi Scheme

8 Aug

Author:  Jordan Maglich,

Publications: Forbes

Date Published: 08 August 2012

A South African fund manager is dead, along with a former business partner, in an apparent murder-suicide after questions mounted over the legitimacy of his hedge fund and South African financial regulators opened an investigation. After a visit by South Africa’s Financial Services Board (“FSB”) regarding his Relative Value Arbitrage Fund (“RVAF”), Herman Pretorious allegedly then shot and killed Julian Williams at Williams’ private equity firm, Basileus Capital, in Cape Town, South Africa.  Many ominous details about RVAF have since emerged, with authorities suspecting that Pretorious may have operated a massive Ponzi scheme with investor losses approaching up to $250 million.

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Hedge Fund Murder Suicide – Julian Williams Shot By His Partner Update

5 Aug

Author: Hedgehottie

Publications: hedgeho.com

Date Published: 05 August 2012

Julian Williams was shot by his partner Herman Pretorius who shot himself after.  Williams was in a business dispute with Herman Pretorius, an investment manager of an unregulated asset management firm called Relative Value Arbitrage Fund.  Pretorius turned the gun on himself after shooting Mr. Williams. Hedge fund murder suicide –  as friends fall out

Williams and Mr. Pretorius were involved in a company called SA Superalloys. The company had stopped paying dividends earlier ………

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A Private Equity CEO Was Shot Dead In His Office

27 Jul

Julia La Roche

Author:  Julia La Roche

Publications: Clusterstock

Date Published: 27  July  2012

The CEO of private equity firm was allegedly shot dead by a former business partner who then killed himself, MoneyWeb’s Julius Cobbett reports.

The CEO was Julian Williams, 37, the chief executive and co-founder of Basileus Capital.

He was allegedly shot by  Herman Pretorius, a former business partner at hedge fund Abante Statistical Arbitrage.

MoneyWeb points out that the pair had a big dispute earlier this month over the payment of dividends for a company called SA Superalloys.

Here’s Williams’ bio from Basileus:

Julian Williams graduated with a Masters in Commerce from the University of Cape Town. He successfully completed his board examination and following the completion of his training contract with PriceWaterhouseCoopers Inc, he obtained his CA (SA) professional membership from the South African Institute of Chartered Accountants.

In Business:

In 2001 he was responsible for launching Penryth (Proprietary) Limited, a specialist securities lending business in South Africa. This led him to move across and establish an investment Group of companies which comprised: a Financial Services Board registered investment manager; and a private equity company and related companies.

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