Empowerment success: How RMB Ventures helped Amsol transform

JOHANNESBURG — In 2016,  a consortium comprising dealmakers at RMB Ventures, Pan-African Capital Holdings, MIC Capital Partners and Smit Amandla Marine employees acquired Smit Amandla Marine from a Dutch maritime group. Known as African Marine Solutions Group (Amsol), the new venture that emerged from this deal embarked on a journey of transforming the maritime business into a South African owned entity that would seek to empower its workers as well as driving transformation. In this interview, Mbongeni Madonsela, a private equity transactor at RMB Ventures and Paul Maclons who is the CEO of Amsol talk about their journey thus far. - Gareth van Zyl