(Ecofin Agency) - RMB Corvest and Iron Bridge Capital, two private equity firms operating in South Africa, have invested an undisclosed amount in the capital of fast-food chain Roos Foods.

The new resources will finance the food business’ long-term growth plans. Geoff Wilmot, a member of the RMB Corvest management team, says the company favors long-term partnerships to generate both stability and profit.

RMB Corvest is the main investor in Roos Foods, which has 71 sales outlets in SA. This transaction comes a few weeks after Emerging Capital Partners' offer to acquire fast-food chain Burger King South Africa.

Chamberline Moko