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Foodcorp

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.

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van der Merwe_Erika _SAVCA_2

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

Donaldson_Mike_RMB

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

Kubukeli_Zuko _PACH

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

Zagnoev_Shaun _Ethos3

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

Roux_André _Ethos_small

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

Coetzee_Martin _RMB_small

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

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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

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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

Solomon_Garth_OMPE

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