Building Tomorrow's Economy
investing in the future of North Africa
investing in the future of North Africa
Growth, Impact, Empowerment. As catalytic growth investors, we partner with innovative entrepreneurs, management teams, and family offices to develop and expand unique middle-market businesses with a purpose-driven focus. Entrusted to deliver robust returns, we promote sustainable job creation and expand choices for low to middle-income consumers, fostering more inclusive growth and access to quality products and services in Egypt and North Africa. Our investment portfolio covers key sectors such as consumer goods, tertiary education, healthcare, and financial services — areas we identify as having significant potential for future growth.
Building a company is hard. We partner with entrepreneurs and management teams who have turned their visions into reality. Our role is to support these teams to achieve more together than they could alone. With over 15 years of sector experience, we have evolved from generalist investors to sector-focused specialists, consistently creating value for our LPs through growth and transformation initiatives including strategic development, leadership and talent cultivation, brand transformation, data analytics, and supply chain optimization allowing us to unlock the full potential of our investments with a proven, value-driven approach.
Catalyzing sustainable development. We are proud to partner with leading Development Finance Institutions as our Limited Partners, driving sustainable investments and leveraging catalytic capital to tackle critical development challenges while delivering financial returns and measurable impact. Rigorous ESG tracking ensures transparency, unlocking transformative potential at scale—empowering entrepreneurs, strengthening economies, and creating lasting value. We assess returns through financial performance and contributions to nexus country procurement in addition to the development impact, thus delivering wholistic stakeholder benefits.
Ownership works. We are committed to offering our portfolio company employees the chance to accumulate wealth within the workplace through shared ownership. Our experience shows that widespread employee ownership not only facilitates significant wealth accumulation for staff but also elevates family well-being, revitalizes company cultures, boosts employee involvement, and enhances business outcomes, leading to more robust organizations. Granting employees a share in the value they contribute to isn't just a sound business practice and a wise investment approach; it's fundamentally the right approach.
Experienced, Entrepreneurial, Passionate. We are a team that is entrepreneurial, passionate about our work, is working for the long-term, and have worked together for over a decade across multiple funds with a unique track record of results delivery in our focus sectors. Our passion lies in helping shape a vibrant entrepreneurial ecosystem, effecting lasting change, and creating substantial exit opportunities, all with the aim to position North Africa on an equal footing in the global economy.
We don’t buy companies, we invest in partnerships. Nothing explains what we do better than the partner companies we back. Below are some of the leading companies in their sectors positively impacting their communities. These companies benefit from large addressable markets, defensible business models, and high quality capable management teams. The aggregate value of equity of our current partner companies is in excess of $1bn.
Over the past decade, we’ve had the privilege of partnering with leading companies across a range of sectors, geographies, and transaction types—generating meaningful impact alongside attractive returns for our investors and partners. Our track record reflects a disciplined investment approach, deep local insight, and close collaboration with exceptional founders and management teams. RMBV has helped scale businesses in core sectors including healthcare services and manufacturing, K–12 and higher education, consumer goods and services, and financial services. Many of these companies are today's market leaders. To date, we have returned over $1.2 billion from 12 realizations in North Africa, and more than $1.6 billion across the broader Middle East.
Returns with Responsibility. Our commitment is to deliver superior returns while driving substantial improvements for underserved businesses and customers in North Africa and beyond. At the core of our mission is creating meaningful impact, with ESG principles guiding us to ensure responsible outcomes. Our strategy emphasizes three main areas: i) expanding access to goods and services for consumers and businesses, ii) enhancing quality through affordability, diverse offerings, convenience, and efficiency, and iii) fostering positive changes in our markets to support inclusive growth, job creation and gender balance. We use a blend of financial, operational KPIs, and governance indices to effectively measure and report performance across our partner companies.
We are committed to Paris Alignment and will make commercially reasonable efforts to identify and fund green investments in portfolio projects that contribute to climate change mitigation, adaptation, and environmental objectives through energy and resource efficiency.
We work with external experts and advisors on best in class independent impact portfolio monitoring and reporting to our investors.
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RMBV is actively examining new investment opportunities in the country.
RMBV is making a further attempt at raising a new private equity fund aiming to reach a first closing end of 2023 ...
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 mn in RMBV's third North African fund ...
RMBV presented the North Africa investment opportunity at the SuperReturn Africa conference …
Despite a challenging macro-economic backdrop, RMBV have continued the relentless focus on driving liquidity events with good returns to investors. In 2022, RMBV have distributed over $200m to investors through exits on local equity markets and secondary transactions, well above 2021 levels of $55m ...
RMBV presented the consumer opportunity in Egypt and North Africa at the Sango Capital Cairo conference …
RMBV presented the consumer opportunity in Egypt and North Africa at the South Suez Capital Cairo conference …
To continue growth due to the rising demand for food and groceries and fuel its expansion across the MENAP region, MaxAB has raised more money, this time a pre-Series B to the tune of $40 million …
JM Holding acquires 201,217 shares in SAH (Lilas) in September 2022 ...
RMBV managed fund, RCare, completes its Care Healthcare Ltd (Malta) landmark continuation investment, making this one of the largest private equity investments in Egypt since 2018. Care owns 464,000,000 shares representing 29% of the shares of Cleopatra Hospitals S.A.E, listed on the Egyptian Stock Exchange (CLHO.CA). RCare is controlled by Ahmed Badreldin, the Managing Partner of RMBV and current chairman of Cleopatra Hospitals Group through its General Partner, RCare GP ...
MCI Capital Healthcare Partners, a subsidiary of Banque Misr's CI Capital, has acquired around 23%, or 367.8 mn shares, of Cleopatra Hospitals Group (CHG) ...
This article is the first of three introducing Ahmed Badreldin and his main portfolio companies. ...
MaxAB, an Egyptian eCommerce platform that serves food and grocery retailers, has raised an additional $15M from existing investors bringing its total Series A funding to $55M, the largest ever by an Egyptian startup …
RMBV about to hit the road to raise a USD 300 mn fund that will target North Africa, ...
Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group on Wednesday, Cleopatra said in a bourse filing on Thursday. Care Healthcare, which prior to the transaction held a commanding 69.4% stake in Cleopatra, sold 503 mn shares at EGP 5.2 a share in a transaction worth EGP 2.6 bn — bringing Care’s ownership stake in Cleopatra down to 37.9% ...
The North Africa deal team is asking liquidators of Abraaj, the Dubai-based private-equity firm that started liquidation proceedings in June, to consider “an amicable separation” of the unit from the rest of the firm, a document sent to some investors said ...
Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor ...