# RMB Ventures acquires 45% stake in Mafika Engineering

RMB Ventures acquired a 45% stake in Mafika Engineering, Africa's largest independent rebuilder of high horsepower diesel engines for the mining industry. The investment is one of RMB Ventures' largest private equity investments to date.

- Type: Investment
- Announced: 2023-05-15
- Where: South Africa
- Status: announced
- Products: rebuilt high horsepower diesel engines
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mafika Engineering](https://endata.com/companies/70271.md)
- [RMB Ventures](https://endata.com/companies/24455.md) (investor)

## Sources

- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/rmb-ventures-announces-strategic-equity-investment-in-mafika-engineering-2023-05-15), 2023-05-15: "RMB Ventures has acquired a 45% stake in Mafika Engineering, Africa’s largest independent rebuilder of high horsepower (HHP) diesel engines used in the mining industry."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.