Profit with Impact

building positive economic impact and long-term stakeholder value

Who We Are

We are an independent investment manager focused on North Africa and neighboring frontier markets. Over the last decade we have partnered with visionary entrepreneurs and management teams to build sustainable growth businesses solving needs in large addressable markets by identifying themes we believe in, putting our resources against that, and working with great people to achieve our outcomes. 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.

$929m

total invested capital (including co-investors)

$1,114m

total realized proceeds (including co-investors)

14,446

jobs supported across North Africa

+233%

portfolio EBITDA growth in USD during ownership

Our Team

We are a team that is entrepreneurial, passionate about our work, and is working for the long-term. Our ability to forge strong relationships with entrepreneurs and founders of companies has proved an invaluable resource in terms of broadening our network and deepening our expertise within our markets and sectors. We have worked together as a team for over a decade across multiple funds with a unique track record in our sectors and a strong focus on sustainable investing. 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'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 in addition to a strong leadership with decades of experience at top-tier firms. Over the last decade we have led many of the most prominent investments in our markets deploying over $900m in the consumer, education, healthcare and financial services sectors as well as investments leveraging trends in digitalization, which is a core theme that will continue to break down barriers to entry for new business models and allow more efficient and new businesses to thrive.

Our Funds and Portfolio

We manage institutional private equity funds with over 70 LPs, primarily regional and global institutional investors, including a number of Development Finance Institutions and Sovereign Wealth Funds. We also manage single opportunity funds invested in the digital economy, healthcare and education sectors. We invest our own capital alongside our LPs across the funds we manage. All our funds do not use leverage and are closed ended. Our current portfolio spans North Africa with subsidiaries in Sub-Saharan Africa.

Our Development Impact

We are a double-bottom line investment firm seeking top-tier returns and positive impact. We deliver sustainable and measurable developmental impact through the provision of growth capital with a focus on sustainable job creation. We integrate Environmental, Social, Governance and Impact (ESGI) factors in every aspect of our investment process and post acquisition value creation plans, applied to international standards regardless of the local regulatory environment. We aim to report our ESG disclosures inline with the European Commission Article 8 guidelines and Sustainable Finance Disclosure Regulations.

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) 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 ...