RMB Ventures

RMB Ventures is a prominent South African private equity firm operating as an on-balance-sheet investor within the FirstRand Group. The firm focuses on providing equity and debt funding for medium to large buyouts of established businesses with stable track records and experienced management teams. RMB Ventures has invested in over 40 transactions since its inception in the mid-1990s, managing a significant portfolio predominantly in established South African businesses with demonstrated track records. The firm's investment philosophy centers on partnering with strong, aligned management teams, providing support to help enable the achievement of full potential, thereby matching its fortunes with those of management. RMB Ventures targets businesses that demonstrate recurring annual earnings before tax of at least ZAR 40 million, unless exceptional growth opportunities can be clearly demonstrated. The firm typically acquires ownership stakes between 20% and 80% in its portfolio companies. Its investment preferences include a minimum investment of ZAR 50 million and a maximum investment of ZAR 750 million, with an average current investment size of ZAR 125 million. RMB Ventures' geographical focus spans South Africa, East Africa, and West Africa, with industry preferences excluding primary mining, agriculture, and property sectors. The firm's recent investments include a 45% stake in Mafika Engineering, Africa's largest independent rebuilder of high horsepower diesel engines used in the mining industry, and a majority stake in Icon Oncology Holdings, a leading provider of cancer treatment in South Africa. Additionally, RMB Ventures has partnered with Bopa Moruo Private Equity and New GX Capital Holdings to launch Airnergize Capital Fund I, a R2.4 billion commitment to drive sustainable and advanced clean technology investments across Southern and broader Africa. These strategic investments underscore RMB Ventures' commitment to fostering growth and driving value in diverse sectors across the continent.

Established businesses with stable track records, Experienced management teams, Recurring annual earnings before tax of at least ZAR 40 million, Ownership stakes between 20% and 80%