South African ICT distributor DCC Holdings, which supplies HP, Dell and Lenovo products to resellers across Southern Africa, has raised $17 million (R275 million) in mezzanine debt from Kholo Capital.
Kholo Capital Mezzanine Debt Fund I announced the deal in Johannesburg on 13 October 2026. The funding will refinance DCC’s existing debt and support its long-term growth plans.
What mezzanine debt does
Mezzanine debt sits between a company’s senior bank loans and its equity. It ranks behind senior lenders and usually costs more, but it lets a business raise capital without its shareholders giving up ownership.
“This transaction demonstrates how structured mezzanine debt capital can be used to optimise a company’s capital structure, refinance existing debt and provide the financial flexibility required to support sustainable growth,” Mokgome Mogoba, managing partner and founder of Kholo Capital, said.
A distributor in the IT supply chain
Founded in 1988, DCC distributes personal computers, printing, enterprise infrastructure and software to resellers, system integrators and retailers in the region. Senior management and the private equity firm Kleoss Capital own it.
“DCC’s shareholders, comprising senior management and Kleoss Capital, are pleased to introduce Kholo Capital into the capital structure of the DCC group,” Carlos Ferreira, DCC’s CEO, said.
Refinancing has been a theme for larger African technology companies this year. Pan-African fibre operator Liquid Intelligent Technologies closed a $660 million debt round in April, retiring earlier borrowings.
Deneys advised Kholo Capital and Webber Wentzel advised DCC. The companies did not disclose the facility’s terms or pricing.
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