Profit with Impact

investing in the future of North Africa

Who We Are

We are growth investors who seek to partner with visionary entrepreneurs and management teams to build differentiated middle-market businesses in North Africa and beyond. As long-term patient capital we are focused on sustainable job creation and opening the consumption choices of low to middle income consumers to more inclusive growth and higher quality products and services. Over the last decade we have consistently delivered outsized returns driven by the growth and success of our portfolio companies, not by leverage or financial engineering. We invest for the long term and will continue to support our portfolio companies to create more jobs and build more world-class businesses – supporting the economies of North Africa, now and for the future.

>$900m

total invested capital
in 17 investments

>$1bn

total realized proceeds
from 12 investments

2.3x

average realized USD MoC
on 12 investments

>$275m

institutional
co-invest provided

>$100m

largest investor
across our funds

>14,000

jobs supported
across our portfolio

Our Team

We are a team that is entrepreneurial, passionate about our work, and is working for the long-term. We have worked together for over a decade across multiple funds with a unique track record in our sectors and a strong focus on sustainable investing. Our ability to forge strong relationships with entrepreneurs, founders of companies and family offices has proved an invaluable resource in terms of broadening our network and deepening our expertise within our markets and sectors. As long-term investors we are focused on building high-quality businesses that last, working hand-in-hand with our entrepreneurs to build growth-oriented companies which impact the communities we live in and supported by a "one-degree-of-separation" network to include trust assessments to support our decision making.

What We Believe

Providing capital is not unique. Who we are, how we partner, and what we value is. We believe in collaborative, long-term partnerships and that the entrepreneurs we invest in are really good at what they do. They have done the hard work and are the company creators and operators. They've taken the risk and built successful businesses and are ready to accelerate their growth. We believe that extraordinary results come from partnering with entrepreneurs who share our values of integrity, hard work, conviction, and a deep desire to win. We believe that investing our own capital alongside our partners is key to achieving superior returns.

What We've Built

We have built a leading independent investment manager with unparalleled access to deal flow in our markets garnered through a reputation for delivering success, an established network across our markets and value-add demonstrated over time across a number of sectors and companies. Over the last decade we have led many of the most prominent investments in our markets deploying over $900m, representing over 30 transactions from platform investments to add-on acquisitions, in the consumer, education, healthcare and financial services sectors. Today, we manage institutional private equity funds with over 70 LPs, primarily regional and global institutional investors, including a number of Development Finance Institutions, Pension and Sovereign Wealth Funds.

Current Partner Companies

Exited Partner Companies

Latest News

2022

RMBV closes its c. $150m RCare continuation fund investment in Care Healthcare - Filing

RMBV managed fund, RCare, completes its Care Healthcare Ltd (Malta) landmark continuation investment, making this one of the largest private equity investments in Egypt since 2018. Care owns 464,000,000 shares representing 29% of the shares of Cleopatra Hospitals S.A.E, listed on the Egyptian Stock Exchange (CLHO.CA). RCare is controlled by Ahmed Badreldin, the Managing Partner of RMBV and current chairman of Cleopatra Hospitals Group through its General Partner, RCare GP ...

2021

RMBV sells 23% of its investment in Cleopatra Hospitals Group (CHG) to MCI Capital - Enterprise

MCI Capital Healthcare Partners, a subsidiary of Banque Misr's CI Capital, has acquired around 23%, or 367.8 mn shares, of Cleopatra Hospitals Group (CHG) ...

RMBV leads the $55m Series A round in MaxAB, North Africa's leading B2B e-commerce business - Techcabal

MaxAB, an Egyptian eCommerce platform that serves food and grocery retailers, has raised an additional $15M from existing investors bringing its total Series A funding to $55M, the largest ever by an Egyptian startup

RMBV's Taaleem's IPO oversubscribed by 29.38 times - Mubasher

The Egyptian Exchange (EGX) announced that the initial public offering of (IPO) of Taaleem Management Services has been oversubscribed by 29.38 times. Investors have placed orders for 525.616 million shares at a value of EGP 5.75 …

2019

Care Healthcare divests 31.5% stake in Cleopatra Hospitals - Enterprise

Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group on Wednesday, Cleopatra said in a bourse filing on Thursday. Care Healthcare, which prior to the transaction held a commanding 69.4% stake in Cleopatra, sold 503 mn shares at EGP 5.2 a share in a transaction worth EGP 2.6 bn — bringing Care’s ownership stake in Cleopatra down to 37.9% ...

Abraaj’s North Africa Fund Wants to Split From Parent - WSJ

The North Africa deal team is asking liquidators of Abraaj, the Dubai-based private-equity firm that started liquidation proceedings in June, to consider “an amicable separation” of the unit from the rest of the firm, a document sent to some investors said ...