Servest’s R10bn journey: How RMB Corvest, Kenton Fine made magic
When Servest founder Kenton Fine left for the UK in 2007, private equity partner RMB Corvest wondered if it was on the right horse. Ten years and a R10bn sale later, it knows it was.
When Servest founder Kenton Fine left for the UK in 2007, private equity partner RMB Corvest wondered if it was on the right horse. Ten years and a R10bn sale later, it knows it was.
Alec Hogg chats to Mike Donaldson, a director of RMB Corvest, discussing the group’s more recent transactions and how the playing field has improved since Cyril Ramaphosa came into power.
In a deal which took almost a year to finalise, RMB Ventures, along with management and a private equity consortium, bought 100% of Kevro, Africa’s largest supplier of corporate and promotional apparel, and other branded goods.