Key Takeaways
- • Old Mutual Private Equity has agreed to sell its stake in MoreCorp to RMB Ventures, according to the headline published by Africa Capital Digest.
- • The paywalled primary source provides only the headline and subscription messaging, so deal value, stake size, and closing terms could not be verified.
- • The transaction marks an exit for Old Mutual Private Equity from a portfolio holding, a development relevant to African private equity allocators tracking secondary exits.
Summary
Africa Capital Digest reported that Old Mutual Private Equity has sold MoreCorp to RMB Ventures. The article is behind a paid subscription, and the accessible text consists only of the headline and promotional material describing the publication's coverage of African private capital deals, fundraises and executive moves. As a result, the financial terms of the transaction, the size of the stake sold, the valuation and the expected timing of completion are not available from the source.
The headline identifies Old Mutual Private Equity as the seller and RMB Ventures as the buyer. Institutional investors tracking exits from African private equity portfolios may wish to consult the full Africa Capital Digest report or subsequent filings for confirmation of the deal's economics and any regulatory approvals required for completion.
The headline identifies Old Mutual Private Equity as the seller and RMB Ventures as the buyer. Institutional investors tracking exits from African private equity portfolios may wish to consult the full Africa Capital Digest report or subsequent filings for confirmation of the deal's economics and any regulatory approvals required for completion.
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