RMB Corvest backs South African manufacturing business

RMB Corvest, in partnership with Umoya Capital Partners and Calibre Capital, has obtained a minority stake in South Africa’s M4A. This business manufactures passive network infrastructure, essential for forming fibre networks and bulk civil infrastructure. The company’s product range includes items ranging from small boundary boxes to large manholes, meeting various network distribution needs. Furthermore, it offers various ducts suitable for the telecommunications networks industry. In addition, M4A provides pre-cast and pre-fabricated solutions for municipal and civil engineering needs.

M4A was founded in 1997 and has been part of the Civilworks Group since 2014. Civilworks, founded in 2006, is a supplier to the civil and municipal markets in sub-Saharan Africa.

“This transaction further expands the BEE status of M4A, which in light of the South African infrastructure spend ensures the competitive edge for the business,” said Darryl Horney, a partner at Umoya Capital.

“The business holds a strong customer base throughout Africa, Europe and is currently expanding into the USA and Asia, with good growth prospects,” commented Geoff Wilmot, an executive at RMB Corvest.

* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.