Portfolio / Avid Brands

Deal summary

Umoya Capital Partners and RMB Corvest have acquired an interest in Avid Brands, this being the second asset in Umoya Pharma’s portfolio. The deal was cultivated through Umoya’s relationship with Calibre Capital, which is an existing shareholder in Avid Brands.

The Company

Founded in 2004, Avid markets and distributes a number of complementary personal care (examples include skincare, baby care, hair care and foot care), healthcare (examples include traditional Schedule 0 and household medicines) products throughout South Africa with notable clients including Clicks, Spar, Dischem and Shoprite Checkers.