South Africa: RMB Ventures invests in Bulldog Group
South Africa: RMB Ventures invests in Bulldog Group
Bulldog is a wholesaler of paint and consumables to the auto-refinish industry, and the industrial, DIY and woodwork sectors.
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RMB Ventures has closed an investment deal with the Bulldog Group in South Africa.
Bulldog is a wholesaler and distributor of paint and consumables to the auto-refinish industry, and the industrial, DIY and woodwork sectors. It services the market through three businesses namely Bulldog Abrasives, RSB and Y.E.S.
RMB Ventures has invested in Bulldog to enable it to accelerate its growth journey and fully take advantage of opportunities to expand into adjacent sectors. In addition, to enhance its Broad-Based Black Economic Empowerment status, RMB has partnered alongside Mohau Equity Partners, a black, women-owned PE fund, affording Bulldog 31% black female ownership.
“We are looking to grow and expand our product portfolio in both the auto industry and the industrial segment, and this might include supplementing organic growth with strategic acquisitions. We needed a strong partner to help us analyse risk and return as well as drive the successful execution of our growth strategy. RMB Ventures’ reputation, their ability to help businesses realise their full potential, and their unique skills and experience in acquisitions, will be invaluable to us as we embark on this journey,” says John Maroun, group CEO of Bulldog.
“RMB Ventures is deeply invested in South Africa, and we look for opportunities to support and participate in growing local enterprises. Bulldog is an outstanding homegrown success story, representing a world-class business built from scratch by an incredibly dedicated management team, with unparalleled market understanding,” says Amina Pahad, senior transactor at RMB Ventures.
“It is also a rare example of a business that has seen outstanding progress, yet still has so much room to grow. The broad and deep expertise of management has been instrumental in building this formidable business, and we are excited to walk the journey with them to take the business to the next level and achieve their full potential,” she adds.
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