At Corporate & Investment Banking we aim to be the leading corporate and investment banking business in, for and across Africa, with a deep specialisation in natural resources.
We provide services to governments, parastatals, larger corporates, financial institutions and international counterparties around the world, and serve our clients requirements for banking, finance, trading, investment, risk management and advisory services.
Southey Holdings – ZAR1.4 billion management buy-out ,
Standard Bank enabled a consortium led by the management of industrial services provider Southey Holdings to acquire Aureos Capital's effective 49.4% stake in Southey South Africa and its 51.5% share in Southey Mauritius. This was effected by Standard Bank as advisor and sole mandated lead arranger, underwriting a ZAR700 million acquisition financing package that incorporated both senior and mezzanine financing. The complex nature of the transaction required input from no fewer than ten bank functions and departments, including Standard Bank's Mauritius team.
Aspen Pharmacare – USD2.7 billion term loan , , South Africa
Standard Bank utilised its extensive domestic and worldwide networks and unmatched experience in raising large amounts of debt to secure funding of USD2.7 billion for JSE-listed multinational pharmaceutical group, Aspen Pharmacare. The bank acted as sole bookrunner and underwriter of funding amounting to ZAR7.3 billion, used to refinance existing facilities on more favourable terms and to fund the construction of a large manufacturing facility. Standard Bank was joint bookrunner, mandated leader and underwriter of the USD1.985 billion portion of the facility, with these funds being successfully syndicated among a range of international banking institutions and used for a number of large, strategic acquisitions.
Alexander Forbes Botswana – transactional banking services , Botswana
Standard Bank and Stanbic teams operating in South Africa, Africa and Botswana co-operated to offer Alexander Forbes Botswana a compelling suite of transactional banking services with which to facilitate the efficient and reliable administration of pension funds. In terms of an agreement between the parties, Stanbic will undertake collection, payment and cash management services relating to pension funds that are distributed to some 16 000 individuals.
Mota-Engil Angola SA – AOA627 million term loan, Angola
Standard Bank acted as sole arranger for an AOA627 million four-year facility. Mota-Engil engineering and infrastructure multinational’s Angolan subsidiary will use the facility for equipment financing – which is key to its ongoing expansion. Working to tight deadlines, Standard Bank executed the facility, prepared documentation and advised on a range of issues relating to the contractual framework and regulatory compliance.
The R21.4 billion acquisition by Woolworths of David Jones has won the Deal of the Year 2014 award at the Cell C DealMakers Annual Gala Awards Banquet, hosted in Johannesburg, South Africa last night. Standard Bank Group, Africa's largest lender by assets, acted as joint financial and debt advisor, lead debt provider, transaction sponsor, joint book runner and underwriter to Woolworths Holdings Limited, on the acquisition of the iconic Australian department store retailer and on the R2.2bn offer to the remaining Country Road minorities.
GEPF chooses Standard Bank Group to provide Master Custody and Recordkeeping Services for its more than R1.5 trillion of assets
Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), has chosen Standard Bank Group to provide a full range of investor services product solutions for its more than R1.5-trillion of assets under management.
Investors in industrial commodities may need to batten down the hatches in the year ahead, while precious metals could show improved signs of growth over the next three years, says the Head of International Mining and Metals at Standard Bank, Rajat Kohli.
Standard Bank has been awarded Middle East & Africa Bank of the Year in the 2014 Project Finance International (PFI) Awards in recognition of its key role in arranging some of the most strategically significant power infrastructure transactions on the African continent last year. Africa’s biggest lender by assets, Standard Bank was recognised for its role in arranging a €625.3 million facility for the Lake Turkana wind farm project in Kenya; the structuring of USD893 million in funding for a 340 Megawatt (MW) power plant in Ghana; as well as arranging of USD 170 million in debt to build a 118 MW gas-fired power plant in Mozambique.