Bopa Moruo

Founded in 2011, Bopa Moruo is a mid-market private equity firm based in Sandton, South Africa. It focuses on generating long-term capital appreciation by investing growth, replacement, and transformational capital in established industrial and services companies.

Nthime Khoele

Co-Founder and Co-Managing Partner

Boitumelo Tlhabanelo

Co-Founder and Co-Managing Partner

Past deals in SADC

Icon Oncology

Private Equity Round in 2024
Icon Oncology is a healthcare company dedicated to supporting cancer patients through comprehensive treatment services. Based in South Africa, the company specializes in providing radiotherapy, chemotherapy, and a range of managed care services tailored to oncology. Icon Oncology focuses on delivering clinical and administrative support, along with infrastructure and operational management, ensuring that patients receive timely and affordable cancer care. By integrating various aspects of oncology treatment, the company aims to enhance the overall patient experience and improve outcomes for those battling cancer.

RMB Ventures

Acquisition in 2024
RMB Ventures Limited, established in 1995 and based in Johannesburg, South Africa, is a private equity firm focused on medium to large leveraged buyouts and management buyouts, among other investment strategies. The firm does not engage in startup or seed investments, instead targeting later-stage, mature, and turnaround companies across various sectors, excluding primary mining, primary agriculture, farming, and property. RMB Ventures primarily invests in South Africa, East Africa, and West Africa, seeking investments ranging from ZAR 100 million to ZAR 750 million in companies with a minimum enterprise value of ZAR 300 million and minimum EBITDA of ZAR 50 million. The firm actively supports Black Economic Empowerment (BEE) initiatives, facilitating stakeholder acquisitions in both firm-led management buyouts and independent deals. RMB Ventures typically acquires ownership stakes between 20% and 80% in its portfolio companies and has completed over 40 transactions since its inception. Its affiliation with Rand Merchant Bank allows for comprehensive access to investment banking services, enhancing its investment capabilities.

Respublica

Private Equity Round in 2022
Respublica develops and manages student housing in South Africa, offering integrated residential environments designed to support student success. The company provides fully serviced, apartment-style accommodation with modern amenities, safety features, and academic support facilities to foster academic achievement and personal development.

One Digital Media

Venture Round in 2014
One Digital Media specializes in digital signage solutions for retailers and brand marketers. They enhance in-store shopping experiences through engaging content across unique advertising networks in supermarkets, forecourts, restaurants, and taverns in South Africa.

Autotrader (South Africa)

Private Equity Round in 2013
Autotrader is a South Africa’s motoring marketplace for car dealers and motorists to buy and sell motor vehicles, via the online website.
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