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In 2008, after many years of successfully building the business, the founders of Davita Trading (who were also the senior management team) decided to seek a medium-term exit for themselves.
RMB Corvest acquired a majority stake in the powdered beverage and food flavourants manufacturer in 2008 and assisted the founders to achieve a full exit for themselves over the medium term. This entailed either developing a management succession plan and buy-in to ensure the long-term sustainability of Davita Trading or finding an appropriate trade buyer who could introduce a new management team.
Just three years later, in 2011, RMB Corvest and Management secured a deal with Tiger Brands to acquire 100% of Davita Trading for R1,6-billion, resulting in both significant value creation for the exiting shareholders, as well as ensuring the long-term sustainability of a successful business.