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In 2003, RMB Corvest led a consortium to delist Ozz Limited as part of a leveraged buy-out and run it as a private company called Ozz Industries. The Company comprised two distinct business units — Ozz Foundries and West Rand Engineering.
In 2008, Scaw Metals, a division of Anglo American, acquired Ozz Industries with a view to boost its own foundry business. West Rand Engineering was not included in the sale to Scaw Metals, RMB Corvest partnered management and bought the West Rand Engineering business out of Ozz Industries in a management buy-out.
RMB Corvest's partnership with management has been very successful and it continues to be an active investor in West Rand Engineering. In 2012 RMB Corvest re-leveraged the business and engineered a second-round management buy-out — thus facilitating liquidity for retiring management members and providing younger management with an opportunity to acquire a shareholding in the business. Simultaneously, RMB Corvest financed the acquisition of a small complementary business into the West Rand Engineering fold.