RMB Corvest and Partners active in the HVAC sector
This article has been supplied.
RMB Corvest have partnered with Bay Tree Private Equity, together Westbrooke Alternative Asset Management UK with for a successful management buyout of Hawco Limited, from Diploma plc.
Based in the United Kingdom, the business is a specialist supplier of components for commercial refrigeration, air-conditioning, vending and industrial markets.
For RMB Corvest, partnering with Westbrooke provides them with a partner that has on-the-ground operations in the UK, allowing the team to be closer to the underlying investment and the investment partner, Bay Tree. Westbrooke provided a significant equity co-investment into the transaction in support of Bay Tree Private Equity as the lead partner.
RMB Corvest’s partnership with Westbrooke is deliberate as they have previous experience in this sector. This experience and expertise are a key value-added component to transaction, where Westbrooke will be actively involved in supporting Bay Tree with strategy, capital allocation and M&A.
Martin Butler, Managing Director of Hawco Limited, said: “This is an incredibly exciting time and a huge opportunity for the business. The combination of RMB Corvest, Westbrooke and Bay Tree’s capital and expertise will bring the tools needed to build further on the value-add services we offer and expand on the success of our international sales.”
Geoff Wilmot, executive: RMB Corvest said: “RMB Corvest has demonstrated its skill and expertise, both locally and offshore, in strategically growing companies. Our previous experience in the UK market means we are well positioned to support their aspirations in local and continental footprint in the sector, whilst realising significant return for RMB Corvest.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
