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RMB Corvest invests in solar power company Sedgeley Energy

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Though the private equity outfit did not disclose size of its investment, it says management team will keep a big stake 🔒

RMB Corvest, an on-balance sheet private equity vehicle of Rand Merchant Bank, has invested in Sedgeley Energy for an undisclosed amount.

The private equity outfit said in a statement on Wednesday that it was attracted by Sedgeley Energy’s good track record and experienced management team, which has retained a significant shareholding in the company...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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