RMB Corvest

RMB Corvest is a private equity firm located in Illovo, South Africa, and is part of the FirstRand Group. Established in 1989, the firm specializes in management buyouts, management buy-ins, and broad-based black economic empowerment transactions. RMB Corvest focuses on investing in established and well-managed businesses across various sectors, including industrial, service, and retail and consumer industries, which have demonstrated a solid performance record. With nearly 200 deals completed, the firm boasts a strong track record and a team of experienced professionals in private equity, supported by the extensive resources of RMB.

Mike Donaldson

CEO and Member of Investment Committee

Genevieve Alberts

Director

Past deals in South Africa

Brunel Laboratoria

Private Equity Round in 2022
Brunel Laboratoria is a privately owned pharmaceutical company based in South Africa. The business specializes in the distribution of pharmaceuticals and complementary medicines, along with dispensary consumables. It offers a diverse range of products, including oral health, haircare, eye care products, vitamins and minerals, sun protection, lubricant gels, disinfectants, and probiotics. Brunel operates from a custom-built distribution facility that is fully temperature and access-controlled, allowing for direct delivery of pharmaceutical products from manufacturers to clients without reliance on third-party or wholesale distribution channels.

Inscape Education Group

Venture Round in 2021
Inscape Education Group is an education services provider based in Pretoria, South Africa. The company specializes in offering a range of educational programs, including postgraduate and undergraduate degrees, short courses, and skills training. Inscape also facilitates distance learning, allowing clients to pursue their education independently through custom-developed software and applications. This approach enables a flexible and personalized learning experience for individuals seeking to enhance their skills and knowledge.

Roos Foods

Private Equity Round in 2020
Roos Foods is a leading KFC franchisee in South Africa, having achieved considerable growth under founder, Selwyn Schaffer. One of the initial KFC franchisees in the country, Schaffer opened his first store in Middelburg in 1977. At present, Roos Foods holds a portfolio of 71 stores in a network spanning Mpumalanga, Limpopo, the North West and Gauteng.

Averge Technologies

Private Equity Round in 2019
Averge Technologies, based in Midrand, South Africa, is a distributor of electrical equipment and related products. It caters to diverse industries such as energy, power, and telecommunications, offering a comprehensive range that includes electrical equipment, live-work equipment, lithium batteries, power packs, solar products, DC power products, lightning protection equipment, surge protection solutions, and telecommunications products. The company aims to support engineers and electricians with critical equipment and solutions for their projects, ranging from small to large-scale.

KEVRO

Private Equity Round in 2017
Kevro (Pty) Ltd. specializes in the wholesale and supply of clothing and gifts tailored for promotional companies, retailers, and event organizers across Africa. Founded in 1990 and based in Edenvale, South Africa, the company offers an extensive range of products including T-shirts, golf shirts, leisure wear, work wear, and various gifting items such as eco-lifestyle products and office accessories. Kevro operates under well-known brands, with BARRON being a flagship that emphasizes storytelling through branded merchandise. The company supports its resellers through close partnerships and has established a robust distribution network, featuring a head office in Johannesburg along with multiple distribution centers and branches both locally and internationally. Since being acquired by Ethos Private Equity in 2011, Kevro has focused on leveraging technology and innovation to enhance its competitive edge in the promotional marketing sector while maintaining high ethical standards and fostering a collaborative environment for its employees and partners.

Cristal Solutions

Acquisition in 2017
Cristal Solutions is a cleaning service provider based in Alberton, South Africa. The company offers a range of services that include hygiene management, pest control, recycling, and specialized cleaning solutions. Through its diverse offerings, Cristal Solutions aims to meet the varying needs of its clients, ensuring a clean and safe environment.

MineRP

Venture Round in 2012
MineRP Holdings Proprietary Limited, established in 1997 and based in Centurion, South Africa, specializes in developing software solutions tailored for the mining industry. Formerly known as Graphic Mining Solutions International, the company focuses on enhancing productivity in mining planning and operations through its advanced big data platform. This platform integrates various technical and financial applications, allowing for seamless interactions with enterprise resource planning systems. By amalgamating spatial mine technical information, MineRP facilitates improved analytics and optimization, supporting cross-discipline collaboration among mining companies. As of October 2017, MineRP operates as a subsidiary of Dundee Precious Metals Inc.

Kwikot

Acquisition in 1999
Kwikot Limited, established in 1903 and based in Benoni, South Africa, specializes in the manufacture and sale of electric water heaters and related accessories for both domestic and international markets. The company provides a diverse range of products, including electric water heaters, solar water heating systems, heat pumps, and pressure control valves, catering to various applications in the plumbing industry. Kwikot's offerings include solar heating solutions for different climates, bulk hot water tanks, domestic food waste disposers, and water purification filters. Additionally, the company supplies stainless steel sinks and preparation bowls for residential use, as well as commercial-grade equipment for hospitals and catering services. Kwikot also emphasizes education by offering training courses for plumbers on electric geyser installations and solar water heating principles.
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