Nodus

Nodus originates deals through its concurrent investment banking arm, which advises business owners on sell-side exits, leveraged buy-outs, and B-BBEE restructuring. Because the firm runs both an M&A advisory shop and the New Seasons Investment Fund, it sees proprietary deal flow that never reaches a broad auction process. The principals cite their network of business contacts, funders, and investors across South African industries as the primary source of opportunities.

New Seasons Investment Fund is an open-ended, black-controlled investment company formed in October 2018 through a merger of New Seasons Investments Holdings and Nodus Equity. Nodus refers to New Seasons as its 'private equity partner.' Glen Christopulo, who joined Nodus as CEO in 2019, leads the firm's engagement with the vehicle; no further separation of governance or capital commitment is publicly disclosed.

Nodus does not publicly disclose its funding sources. The New Seasons Investment Fund site may clarify whether it accepts external subscriptions, but Nodus itself does not publish AUM or fundraise notices. The firm's 'independent' positioning suggests it is not captive to a single LP, though the exact mix of partner capital, advisory fees, and external commitments remains opaque.

Nodus pursues management and leveraged buy-outs, recapitalisations, growth capital, and succession-driven transactions for privately held businesses. The firm's advisory practice also executes sell-side disposals and B-BBEE transactions, which often create the preconditions for its own buyout mandate.

Glen Christopulo serves as CEO after joining Nodus in 2019, and principals Gary Bryce-Borthwick and Johan le Roux — both with Nodus since 2006 — drive transaction execution. All senior deal-makers qualified as chartered accountants before moving into corporate finance, and the team operates without a publicly named investment committee.

The firm lists B-BBEE transactions as a standalone service line alongside its private equity and M&A activities. By merging Nodus Equity into the black-controlled New Seasons Investment Fund in 2018, the firm structurally embedded B-BBEE ownership into its permanent-equity vehicle, positioning it to meet South African regulatory and institutional mandates on every investment.

Nodus operates from a single office in Sandhurst, Johannesburg, and targets South African mid-market businesses. No multi-country footprint or cross-border investment mandate is disclosed, and all named principals' professional histories are rooted in the South African financial services market.