RMB Corvest and former SABMiller MD buy equity stake in Switch

RMB Corvest, in collaboration with former MD of SABMillier Africa (Mark Bowman), acquired an equity stake in Switch, an energy drink company. Switch was established in 2014 as an alternative power beverage company producing energy drinks, sodas and other product forms to satisfy the demands of a diverse market. The company is based in Woodmead, Johannesburg and is managed by its founder, Christian Wentzel, who has been instrumental in its consistent growth trajectory.

RMB Corvest is a private equity investor formed in 1989 by Neil Page, Dick Merks and Dave Rissik. RMB Corvest has since its inception completed over 200 deals, supported by an extensive pool of private equity transactors and dealmakers. As a subsidiary of FirstRand Bank, RMB Corvest offers clients on-balance funding without exit timing pressures. The amount invested and the stake acquired were undisclosed.

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