RMB Corvest Partnership

Alpha Cube Capital and RMB Corvest has signed a memorandum of understanding to establish a private equity fund – Alpha Cube Fund I – with RMB Corvest as the General Partner in the fund.

 

The fund will invest selectively in a variety of businesses, based on the following:

  • South African companies making sustainable annual earnings above R40 million EBITDA
  • Sub-Saharan African companies making sustainable annual earnings above US$3 million operating profit
  • Profitable and cash generative companies
  • An experienced and competent management team
  • Demonstration of market or niche dominance/leadership
  • Good growth prospects

The fund is not mandated to invest in the following transactions:

  • Agriculture (except for the financing of agri-processing)
  • Mining ventures (except for the financing of mining support services)
  • Property ventures
  • Unproven technology ventures
  • Start-ups and turnarounds

The fund has a target fund size of R500 million.