Consortium to acquire 30% stake in Ethos Private Equity

RMI Investment Managers and Royal Investment Managers (RIM) will, as the RMI & RIM Consortium, acquire a 30% interest in private equity investment firm Ethos Private Equity through a series of transactions. The transactions will include a vendor-facilitated black economic empowerment component that will ensure that 25% of the company continues to be owned by a broad base of historically disadvantaged shareholders, including black Ethos executives, staff and the Ethos Educational Foundation Trust.