Private equity firm RMB Corvest has announced it will exit, subject to competition commission approval, its investment in South African company Plush Professional Leather Care.

Plush specialises in suede, leather and home care products. The business has been operating since 1966 and has a growing export profile across the Southern African Development Community (SADC) region. The current transaction will see Adcock Ingram Healthcare Proprietary Limited acquire 100% of the business. “W...