Fulcrum Capital acquires equity stake in Kapara

As part of its evolutionary process to broaden its scope and offering within the industry, Fulcrum Capital has acquired a 30% equity stake in Kapara Insurance Brokers.

Peter Gordon, head of Fulcrum Capital

Pete Gordon, head of Fulcrum Capital, says: “A major component of our strategy is to partner on a meaningful minority equity basis with a select group of short-term insurance brokerages in identified geographic regions. We are looking forward to an exciting journey ahead with Kapara.”

Kapara was founded in 1999 by David Dowding and Morag Dover. Based in Johannesburg, it has a strong track record in the commercial and domestic insurance markets.

Dowding affirms that Fulcrum is the right partner to enhance development within Kapara management.

“In the changing and challenging times in the financial service industry we have recognised that it is essential to strengthen and develop our management team and to sustain our position. This partnership is an important step for Kapara to strengthen our capital base, develop our management team and enhance sustainability in the broker market. Our strength will remain in providing our personal approach to service,” he says.