Avatar Investments Limited consists of a team of competent, committed and experienced consultants each a specialist in his field.
Dr. Adrian Durrant PrEng, BSc, PhD, FRGS
Adrian is a Director of Avatar Investments Ltd, that has a close network of trusted associates with expertise and proven experience in technical, business and investment projects, worldwide. He has known and worked with his co-director at Avatar, Martin Sanderson, for over 25 years.
Adrian has lived and worked in the UK, India, Africa, Australia, Holland, the US, Germany, Spain and Italy. He holds a doctorate in engineering, and was registered as a professional engineer (PrEng) in 1993. His experience covers large-scale civil infrastructure projects, energy, natural resources, business and financial services.
For a number of years Adrian consulted to Martin Sanderson, who was the then Managing Director of the Aircraft Operating Company. In this role Adrian advised on the mapping and evaluation of property, mineral asset and civil infrastructure of a number of African countries, deploying airborne surveying techniques and geographical information systems. He was elected a Fellow of the Royal Geographical Society (FRGS), London, in 1989.
In addition to engineering, Adrian has international business performance improvement experience with KPMG Management Consulting and has also worked in offshore financial services; having raised in excess of USD500 million in investment capital, and advised on an investment portfolio of some USD2 billion.
Adrian is a part-time lecturer in energy engineering, turbomachinery and business at the University of Suffolk. In addition to the above, he provides hands-on troubleshooting services to the power generation industry, worldwide. In this capacity he has worked at the first site in the UK to be awarded a fracking licence.
DANIE VAN HUYSSTEEN (“Danie”)
B Com (Law), B Compt (Hons), LLB, CTA,
H Dip Auditing, Chartered Accountant (SA)
Danie is a Founder and Associate of Avatar Investment Limited and was adviser to Martin Sanderson in the sale of his company’s shares to the AAM Group, Australia, in 2007 and met with Adrian Durrant when he visited Johannesburg in 2011. In 2013 they founded Avatar Investments Limited, and remain close associates.
Danie specialises in local and inward listings on the JSE Limited, mergers and acquisitions, valuations and raising capital in the form of listed equity and senior debt. In this context, he specialises in optimising the business value by way of optimising the weighted average cost of capital, through the various business cycles, with the aim of maximising equity value.
B Com (Law), B Compt (Hons), LLB, CTA and Higher Diploma in Auditing
Danie has approximately 17 years’ experience in corporate finance with a focus on advising JSE Limited listed companies. He started in PwC audit, then moved to PwC Transaction Support services, then PwC Corporate Finance, seconded by PwC to the JSE. Following Danie’s return to PwC he founded his own company in a joint venture with BDO Spencer Steward. This legal entity had operated under different names over the years namely BDO QuestCo, QuestCo Sponsors and DEA-RU.
Selection of notable transactions undertaken by Danie
The table below contains a selection summary of corporate finance transactions that Danie has advised on since he founded his own business in 2004. Please note that the list is provided by way of examples, and is not exhaustive. More detailed information available on request.
SAFARI Investments - 2013 – 2017 R1.3 billion US$ 100 million
TRUSTCO 2009 - 2015 R250 million US$ 20 million
ELB Group 2006 - 2016 Adviser
ACCELERATE Properties 2012 - 2013 R4.9 billion US$ 375 million
CAPITEC Bank 2010 - 2012 R2.0 billion US$ 150 million
O-Line Holdings Limited 2007 - 2012 R130 million US$ 10 million
MUVONI Technology Group 2007 - 2013 R30 million US$ 2 million
CURRO Holdings 2011 – 2012 R460 million US$ 35 million
IFA Hotels & Resorts 2005 - 2013 Adviser
PIONEER FOODS 2011 - 2012 R2.0 billion US$ 154 million
METMAR Limited 2006 - 2012 R70 million US$ 5 million
CAPEVIN Holdings Limited 2010; 2012 R7.5 billion US$ 575 million
KAAP AGRI Limited 2011 Adviser
ASSUPOL Life 2010 R1.0 billion US$ 77 million
INSIMBI Alloys Limited 2009 R50 million US$ 4 million
ZELDA Investments Limited 2006 - 2009 R2.46 billion US$ 190 million
PALADIN Capital 2009 - 2011 Adviser
CIC/Imperial Limited 2007 - 2010 Adviser
CHEMSPEC Limited 2007 - 2010 R230 million US$ 18 million
RACEC Group Limited 2007 Adviser
ERBACON Group Limited 2007 - 2009 Adviser
SIYATENGA Property Fund 2007 - 2010 R505 million US$ 40 million
IQUAD Group Limited 2010 Adviser
PSG Group Limited 2005 - 2008 Adviser
iFOUR Properties Limited 2004 - 2006 R450 million US$ 34 million
TOP-FIX Holdings Limited 2012 Adviser
CULLINAN Holdings Ltd 2012 Adviser
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Airborne Exploration Consultant
Martin is a Director of Avatar Investments Ltd, and has known and worked with his co-director at Avatar, Adrian Durrant, for over 25 years.
Martin, a British Citizen, grew up in Rhodesia but worked and lived in Johannesburg, South Africa, for most of his life, returning to the UK in 2011. He studied computer science at the University of South Africa but dropped out to lead the transformation of Aircraft Operating Company (AOC) into a digital computer mapping and engineering company. This led to the formation of Hightech Software which he founded after developing a civil engineering package known as Promap. Promap was marketed by AOC under license. His experience in this field resulted in his acceptance as a member of the South African Institution of Civil Engineers.
Having completed his Business Management studies at Damelin Business School in Johannesburg, he was appointed Managing Director of AOC in 1984. Looking for new opportunities for AOC he had a number of the company’s aircraft converted to undertake airborne geophysical surveys. From then until this division of the company was sold to Fugro in 2000, the company carried out geophysical airborne surveys throughout Africa and as far afield as Spain, Norway, Seychelles, India, Canada and Brazil. AOC undertook these surveys for most of the major international mining and oil companies. He also consulted to Anglo American on a number of projects.
Business experience includes contract negotiations with international aid agencies including the World Bank, due diligence processes, innovation, and for the final 5 years before he sold his majority shares in AOC to the AAM Group of Australia focused on the financial management of the company. Having sold his interests in the company in 2008, he continued as Managing Director for a further two years as a consultant, in all serving for 25 years in that position.
José Luis Camargo
José is a dynamic and very enthusiastic Geophysicist with a wide and extensive experience worldwide. José has worked with various Geophysical contractors (CGG, Geokinetics, PGS, Suelopetrol, Terrex Geophysical and BGP) in Africa, Australia and South America, then in multiple technical and consultant positions with several major Oil and Gas Companies (BG, PDO, CNPC, Petronas, Repsol, Shell, PDVSA, PEMEX, Petromanas, Chevron and ConocoPhillips) in East Europe, FSU countries, Africa, Middle East and South America. José holds a Geophysics Engineer degree and is active member of the SEG and EAGE.
Jose expertise cover the following areas; seismic, micro-seismic, VSP, Gravity, EM and geology. In addition his experience cover a broad range of geophysical environments such as shallow water, swamp, desert, rural and urban areas, forest, jungle, mountains, savannah, lakes, rivers, deltas, developed onshore fields and UXO/ERW areas.
José has lived and worked in Venezuela, Mexico, Ecuador, Bolivia, Peru, Russia, Albania, Romania, Ukraine, Lithuania, Czech Republic, Libya, Nigeria, Ethiopia, Oman, Yemen, Sudan (north and South), Irak (KRI), and Australia. In addition to English he speaks Spanish and Italian. Also he possesses a reasonable level of Czech.
José has strong technical background and extensive knowledge in oil&gas exploration, mining and geophysical research. His experience includes design, planning, acquisition, processing, interpretation and management of field operations. Line project management and/or Safety, Health, Environment and Security (SHE&S) management of Geophysical projects.
Strong man-management skills, with ability to anticipate and resolve problems on own initiative and escalate issues appropriately. Very innovative, proactive, self-motivated and highly dedicated to meaningful and profitable work.