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BlueBay auctions Foodcorp
UK-based BlueBay Asset Management is understood to be in the market to exit its stake in South Africa-based food distributer Foodcorp.
Van der Merwe new SAVCA CEO
The Southern African Venture Capital & Private Equity Association (SAVCA) has named Erika van der Merwe as its new chief executive officer (CEO). Van der Merwe was most recently television
RMB Corvest & Shalamuka in RCA secondary deal
RMB Corvest and Shalamuka Capital have partnered to acquire a combined stake in South Africa-based medical equipment distributor Respiratory Care Africa (RCA). The duo has bought its stake from
RMB et al. buy JoJo from Investec
RMB Ventures and RMB Corvest have backed the buyout of South Africa-based water tanks manufacturer JoJo Tanks, from a group of investors led by Investec Principal Investments. Oppenheimer family’s
Ethos gets $76m debt for Universal Industries
Ethos has secured a $76million (R580million) debt facility to support its leveraged buyout of South Africa-based industrial manufacturing company Universal Industries. The debt has been provided by Nedbank as
Ethos backs Kevro with $90m
Ethos has bought 72% of Kevro, a South Africa-based accessories distribution company, paying approximately $90million (R850million) for the stake. The existing management has also invested, acquiring the remaining 28% of the
RMB Corvest leads BIMBO investment in DLM
RMB Corvest has acquired a majority stake in South Africa-based industrial supplier, Dupleix Liquid Meters (DLM), through a leveraged buy-in management buyout (BIMBO) transaction. The financial details have
Creating common wealth
Will Jimerson, Musa Capital’s founder and director, discusses how private equity investors can harvest healthy returns from small and medium-sized enterprises (SMEs), through harnessing synergies inherent in businesses
Hanhong invests $16.9m in Stonewall
China-based Hanhong Private Equity has invested $16.9 million in South Africa-based Stonewall Mining. The deal was structured as a growth capital investment, with $3.9 million going to help finance the
GP View: Healthcare returns 5.8x to investors
Old Mutual Private Equity Fund 1 and Fund 2 recently sold the last of their shares in Life Healthcare — an investment that has recorded an internal rate














