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RMB Corvest
RMB Corvest is a private equity based in Illovo, founded 1989; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
RMB Corvest
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General information
Firm type
Private Equity
Year founded
1989
AUM
Undisclosed
Location
Region
Africa
Country
South Africa
City
Illovo
Corporate office
8 Melville Road, Illovo, 2196, South Africa
Frequently asked questions
How is RMB Corvest funded, and does it raise external capital?
RMB Corvest deploys capital entirely from the corporate balance sheet of its parent, FirstRand Bank Limited. It does not raise third-party blind-pool funds and carries no external limited partners. This on-balance-sheet model removes fund-life constraints and fundraising cycles, letting the firm hold investments until the value-creation plan is complete.
What types of transactions does RMB Corvest execute?
The firm structures leveraged buy-outs and buy-ins, management buy-outs and buy-ins, BEE transactions, and growth capital investments. Each deal typically blends on-balance-sheet equity with self-arranged debt. The focus is medium-to-large South African businesses that can absorb institutional-scale capital.
Does RMB Corvest have a fixed holding period for its investments?
No. Because the firm uses permanent capital from FirstRand rather than a closed-end fund, it carries no mandatory exit timeline. RMB Corvest markets this flexibility explicitly, stating it can sell a business when the value-creation thesis is realised — not when a fund term forces a sale.
Who makes investment decisions at RMB Corvest?
RMB Corvest operates within the corporate and investment banking division of FirstRand Bank. Specific named investment professionals are not disclosed on the firm's public website. Governance flows through Rand Merchant Bank's internal committee structure rather than an independent partnership.
What is the firm's track record and investment scale?
RMB Corvest reports completing more than 170 transactions over 36 years, with realised businesses sold at an average of three times their initial value. The firm does not disclose assets under management, fund-level IRRs, or current portfolio composition on its public website.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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