RMB Corvest

RMB Corvest (Pty) Limited, established in 1989 and based in Illovo, South Africa, operates as a private equity firm within the FirstRand Group. The company specializes in investments in medium-sized and mature management buyouts, management buy-ins, leveraged buyouts, expansion, and later-stage acquisitions. It focuses on well-managed businesses with a strong performance history, avoiding seed stage, startups, and turnaround investments. RMB Corvest seeks opportunities across various sectors, excluding agriculture, except for agro-processing, and is particularly active in mining (excluding support services), high technology, and property. The firm typically invests between 20% and 90% in companies based in South Africa, Sub-Saharan Africa, the United Kingdom, and Australia, with a target investment of up to ZAR 500 million in businesses generating a minimum EBITDA of ZAR 40 million. RMB Corvest aims for investment durations of five to seven years and has completed nearly 200 deals, supported by experienced staff and the resources of RMB.

Francois Cilliers

CTO, Financial Director and CFO

Martin Coetzee

Director

Mike Donaldson

Chief Executive Officer

Past deals in SADC

Brunel Laboratoria

Private Equity Round in 2022
Brunel is a privately owned pharmaceutical business with a primary footprint in South Africa.

Inscape

Venture Round in 2021
Provider of education services based in Pretoria, South Africa. The company offers postgraduate, undergraduate, short courses, skills training and distance learning, enabling its clients to learn independently through custom-developed software and applications.

Radio Network Solutions

Private Equity Round in 2016
Radio Network Solutions providing two-way radiotelephone communication services.

Sunspray Food Ingredients

Private Equity Round in 2015
Sunspray Food Ingredients (Pty) Limited manufactures and markets powdered food products including fat powders, fruit powders, and caramel. The company was founded in 1944 and is based in Johannesburg, South Africa.

Sectional Poles

Private Equity Round in 2013
Sectional Poles manufacture for the lighting and telecommunications industries, attests to the commitment, excellent level of service and authentic brand

Winder Controls

Private Equity Round in 2013
Winder Controls (Pty) Ltd engages in the design, manufacturing, supply, installation, and commissioning of winders, winches, hoists, and various related equipment. The company offers products and services that include mechanical, electrical, and hydraulic products, as well as replacement components. It offers new/refurbished hoisting systems, rope-handling systems, auxiliary components, and parts and services. The company was founded in 1973 and is based in Bedfordview, South Africa.

MineRP

Venture Round in 2012
MineRP Holdings Proprietary Limited develops software solutions for the mining industry. The company was formerly known as Graphic Mining Solutions International (Pty) Limited. MineRP Holdings Proprietary Limited was founded in 1997 and is based in Centurion, South Africa. As of October 25, 2017, MineRP Holdings Proprietary Limited operates as a subsidiary of Dundee Precious Metals Inc.

Respiratory Care Africa

Private Equity Round in 2012
Respiratory Care Africa (Pty), Ltd. provides critical care, respiratory, and ICU equipment.

Dupleix Liquid Meters

Private Equity Round in 2012
Dupleix Liquid Meters Ltd. is a manufacturer based in Johannesburg, South Africa, specializing in valves, pneumatic actuators, and related accessories. The company offers a comprehensive range of products, including various types of valves such as thermoplastic, ball, gate, globe, butterfly, and check valves, along with safety and thermal relief valves. In addition, Dupleix produces flow measurement instruments, including positive displacement, mass, and turbine flow meters, as well as level measurement and control devices. Their product lineup also features automation and control solutions, like electronic sensors, control valves, and terminal automation systems. The company serves the Southern African market, providing customers with essential support and knowledge in overpressure protection, flow, level, and density measurement. Dupleix Liquid Meters distributes its products through a network of agents and maintains branch offices in several South African cities, including Cape Town, Durban, and East London.

Efficient Engineering

Private Equity Round in 2010
Efficient Engineering (Pty) Ltd. is a Johannesburg-based company that specializes in sheet metal fabrication, machining, and heavy-duty engineering services. Established in 1968, it caters to a diverse clientele across various sectors, including mining, material handling, and engineering. The company focuses on producing steel components and equipment for original equipment manufacturers (OEMs) in both local and international markets, including industries such as oil, gas, and petrochemicals. By offering a comprehensive range of products and services, Efficient Engineering aims to meet the specific project needs of its clients effectively.

Molapo Telecoms

Private Equity Round in 2006
Molapo is a provider of telecommunications technical services.

Servest

Private Equity Round in 2006
Servest Group (Pty) Ltd. is a facilities management provider based in Sandton, South Africa, offering a wide range of multi-service solutions. Its services encompass industrial and office cleaning, hygiene, landscaping, security, energy management, pest control, catering, and facilities management. The company serves various sectors, including commercial, education, healthcare, hospitality, retail, and transport, among others. By delivering integrated solutions, Servest aims to streamline operations for its clients, enhance workforce efficiency, and promote sustainability. Established as Publico Holdings Limited and rebranded in 1998, Servest has established a significant presence in both South Africa and the United Kingdom.

Crisp Air

Acquisition in 2005
Crisp Air is a manufacturer and distributor of quality automotive aftermarket air conditioner (A/C) systems.

Highbury Media

Private Equity Round in 2005
Highbury Safika Media publishes magazines. It offers consumer magazines covering business, health, entertainment, sports, and the stable; customer magazines for various South African and international companies; and business to business publications ranging from quarterly telecommunications magazines to color books covering environment, sustainability, and government.

Kwikot

Acquisition in 1999
Kwikot Limited is a manufacturer and supplier of electric water heaters and related accessories, catering to both domestic and international markets. Established in 1903 and headquartered in Benoni, South Africa, the company specializes in a variety of products, including solar water heating systems designed for different climates, heat transfer fluids, heat pumps, and electric water heaters for residential and light commercial use. Kwikot also produces pressure control valves, bulk hot water tanks, domestic geyser drip trays, and plumbing kits. Additionally, the company offers food waste disposers, stainless steel products, water purification filters, and safety valves for electric water heater installations. Kwikot provides training courses for plumbers on the installation and principles of electric geysers, solar water heating systems, and heat pumps, ensuring that professionals are well-equipped to meet industry demands.