Accelerating
Growth
investing in the future of North Africa
$900m+
30,000+
$1.2bn+
realizations
$1.1bn+
across our portfolio
160%+
$125m+
across our funds
About Us
Growth, Impact, Empowerment. We are growth investors who seek to partner with visionary entrepreneurs, management teams and family offices to build and grow differentiated middle-market, purpose driven businesses that will make a positive impact on underserved businesses and customers in North Africa and beyond. We are entrusted to perform and deliver strong risk adjusted returns as catalytic investors in our region while fostering sustainable job creation and opening the consumption choices of low to middle income consumers to more inclusive growth and access to higher quality products and services. Our portfolio spans our core sectors of consumer, education, healthcare, and financial services — sectors we believe are primed for strong future growth.
Our Value Add
Building a company is hard. The entrepreneurs, management teams and family offices with whom we partner have done the difficult work of transforming a vision into something real. Our job is to find the teams who have built great companies and craft long-term partnerships that allow them to achieve more with us than they could on their own. We have amassed over 15 years of extensive sector experience enabling us to evolve from generalist investors into specialists with a sector-focused approach, leading to consistent value creation for our LPs by driving operational excellence through a range of growth and transformation initiatives allowing us to unlock the full potential of our investments with a proven, value-driven approach.
Shared Ownership
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.
We deliver for investors by building businesses that power tomorrow’s economy.
Our Team
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 impact 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.
Our Portfolio
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.
We unlock value by finding great companies with untapped potential and enhancing their performance.
Our Impact
Our commitment is to provide superior returns while driving significant and enduring improvements for underserved businesses and customers in North Africa and beyond. At the heart of our mission is creating impact, with ESG principles guiding us to ensure this impact is achieved responsibly. We employ a combination of financial, operational KPIs, and governance indices to effectively measure and steer performance across our partner companies. Impact measurement and management are integral to every stage of our underwriting and investment process as we believe the need for our companies to integrate ESG into their core strategies and operations, rather than just reporting on them, to ensure long-term profitability. Each year, we transparently report our collective impact data, aligning with our impact measurement framework and concentrating on the most relevant and significant KPIs in our portfolio. Our impact strategy focuses on three key areas: i) expanding access to goods and services for both consumers and businesses, ii) enhancing quality through affordability, diverse product offerings, convenience, and efficiency, and iii) nurturing positive changes in our markets to encourage inclusive growth and establish investment-friendly environments.
► Impact and Investment Results 2023
We work with external experts and advisors on best in class independent impact portfolio monitoring and reporting to our investors.
READ MORE
Strong Returns
$526 million
TOTAL REVENUE ACROSS OUR PE PORTFOLIO347%
OUTPERFORMING LOCAL MARKET INDICES ON EXITSJobs Supported
13,172
JOBS SUPPORTED BY OUR PORTFOLIO$67 million
SALARIES PAID IN LOCAL ECONOMIES4,226
EMPLOYEES TRAINEDGender Balance
39%
WOMEN IN TOTAL PORTFOLIO WORKFORCE221
WOMEN IN MANAGEMENT27% senior roles
FILLED BY WOMENOther Metrics
1,137,327
MEDICAL SERVICES RENDERED INCLUDING TELECONSULTATIONS2,220,054
DIAGNOSTIC TESTS AND LAB SUPPLIES PROVIDED9,213
UNIVERSITY STUDENTS EDUCATED65%
STUDENTS WHO OBTAINED EMPLOYMENT 6MO AFTER GRADUATION
ESG principles guide us to ensure our impact is achieved responsibly.
Latest News
2024
EBRD: Provision of an equity investment of up to USD 80 million in favour of RMBV North Africa Fund III
RMBV delivers impact through its hospitals portfolio to tackle congenital heart disease in children
RMBV sponsors Egypt's National Nursing Excellence Award
2023
RMBV explores healthcare investment opportunities in Egypt - Express
RMBV is actively examining new investment opportunities in the country.
Ex-Abraaj team takes another tilt at launching new fund - Private Equity International
RMBV is making a further attempt at raising a new private equity fund aiming to reach a first closing end of 2023 ...
EBRD to invest in RMBV’s USD 300 mn North Africa fund
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 mn in RMBV's third North African fund ...
prior years
2022
Events: RMBV presents at the SuperReturn Africa conference in Cape Town
RMBV presented the North Africa investment opportunity at the SuperReturn Africa conference …
RMBV returns over $200m to investors from exits and distributions in 2022, well above 2021 levels of $55m
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 ...
Events: RMBV presents at the Sango Capital LP conference in Cairo
RMBV presented the consumer opportunity in Egypt and North Africa at the Sango Capital Cairo conference …
Events: RMBV presents at the South Suez Capital Africa conference
RMBV presented the consumer opportunity in Egypt and North Africa at the South Suez Capital Cairo conference …
RMBV's partner company MaxAB nabs $40m - TechCrunch
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 …
RMBV backed JM Holding increases it shareholding in Lilas - ilboursa
JM Holding acquires 201,217 shares in SAH (Lilas) in September 2022 ...
RMBV closes its c. $150m RCare continuation fund investment in Care Healthcare - Filing
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 ...
2021
RMBV sells 23% of its investment in Cleopatra Hospitals Group (CHG) to MCI Capital - Enterprise
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) ...
Thndr Claps with WAYA ft, Ahmed Badreldin, Top Impact Investor - Waya
This article is the first of three introducing Ahmed Badreldin and his main portfolio companies. ...
RMBV leads the $55m Series A round in MaxAB, North Africa's leading B2B e-commerce business - Techcabal
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's Taaleem's IPO oversubscribed by 29.38 times - Mubasher
2020
RMBV to launch USD 300 mn North Africa fund - Enterprise
RMBV about to hit the road to raise a USD 300 mn fund that will target North Africa, ...
Ex-Abraaj veteran doubles capital on North Africa fund exits - PE News
2019
Care Healthcare divests 31.5% stake in Cleopatra Hospitals - Enterprise
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% ...
Abraaj’s North Africa Fund Wants to Split From Parent - WSJ
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 ...
2018
How to mitigate against GP 'sharp practice'
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 ...