A consortium consisting of Agile Capital and RMB Corvest has completed a management buyout of Adcorp Support Services (Pty) Ltd (ASS), along with the management of ASS.

ASS has two divisions: funeral management services (FMS) and employee benefits (EB). FMS, the larger of the two divisions, is a niched outsourced service provider to the long-term insurance industry, providing body repatriation and related value-added services. The other entity, EB acts as a broker to provide tailored e...