Private equity firm RMB Corvest has revealed it is the lead investor in a management buyout of Roos Foods. In addition to management, the acquiring consortium is complemented by Iron Bridge Capital, a private investment holding company operating in South Africa.

Roos Foods is a KFC franchisee in South Africa, having achieved considerable growth under founder, Selwyn Schaffer. One of the initial KFC franchisees in the country, Schaffer opened his first store in Middelburg in 1977. ...