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RMB Corvest, an on balance sheet private equity vehicle of Rand Merchant Bank, has teamed up with mining magnate Mike Teke and Sabvest Capital CEO Chris Seabrooke to acquire a “significant share” of beverage maker Halewood International SA.
The FirstRand-owned private equity house, the sister company of RMB Ventures, which targets slightly larger assets, partnered Masimong Beverages Holdings — an entity created by Teke and Seabrooke specifically to facilitate the Halewood deal. The RMB Family Office Group, an advisory service for high net worth families, and Halewood’s management also committed a portion of capital to facilitate the transaction for which no value was disclosed...
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