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RMB Ventures invests in award winning supply chain business Inhance

RMB Ventures invests in award winning supply chain business Inhance
18-05-22 / Tau kaVodloza

RMB Ventures invests in award winning supply chain business Inhance

Johannesburg - Rand Merchant Bank Ventures, the private equity arm of Rand Merchant Bank has today anounced that it has concluded an investment in Inhance Supply Chain Solutions, a fast-growing supply chain technology and services business.

The equity firm said the transaction sees RMB Ventures investing alongside black-owned investment firm New GX Capital Holdings, which acquired a majority stake in Inhance in 2018, and the Inhance management team, which retains its significant shareholding in the business.

Founded in 2010, Inhance is a proudly South African company that works with more than 100 businesses in over 25 countries in Africa,  Europe and the United States.

It said Inhance has since grown over 300% in the last 3 years. The company has a staff of over 130 employees, including an industry-leading team of engineers, data scientists and developers. Inhance builds and deploys supply chain solutions for a wide range of customers including Italtile, Clicks, SPAR, RCL Foods, McCain foods, PPC Cement, PepsiCo, Vumatel and RTT.

Said Private Equity Transactor at RMB Muhammed Moosa: “Inhance is well positioned in a rapidly-growing industry, with a strong management team, exceptional track record, enviable customer base and very exciting prospects in SA and internationally. Inhance’s solutions are also valuable to a number of our existing portfolio companies, and relevant to many prospective companies we continually evaluate as potential investments.”

Said Ken Osler, CEO and co-founder of Inhance: “The rationale for the transaction is that the introduction of RMB Ventures as new shareholder will help support our growth strategy. RMB Ventures’ broad commercial expertise and know-how in supporting management teams will help us in our ambitions As part of the wider FirstRand Group, RMB Ventures provides us with growth capital and access to their broad networks.”

Inhance is a Level 2 B-BBEE contributor and was awarded a Platinum and Gold Award at the 2019 South African Logistics Achievers Awards, concluded RMB Ventures. 

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