Recent deals
Standard Bank facilitates Sea Harvest IPO
2017 |

Standard Bank played a key role in South African seafood giant Sea Harvest’s Initial Public Offering (IPO), which listed on the JSE on 23 March 2017.

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Liquid Telecom set to transform pan-African communications
2017 |

Standard Bank played an instrumental role in Liquid Telecom’s recent ZAR 6,55 billion acquisition of South African communications network operator Neotel. The deal expands Liquid Telecom's footprint in Africa, enabling them to better service corporate South African and multinational clients.

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Karuma hydroelectric power project set to transform Ugandan economy
2016 |

Uganda’s 600 megawatt Karuma hydroelectric power plant, budgeted to cost USD1.6 billion, is set to transform the east African country’s economy and the lives of its people.

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Standard Bank finances landmark power sector deal
2016 | ,

Standard Bank recently acted as Sole Lead Arranger in the provision of a USD 120m financing package to the Zimbabwe Power Corporation (ZPC). The funds will be used for rehabilitation and expansion works at the Kariba South Hydro Power Station in Zimbabwe and the Hwange Thermal Power Station in Namibia.

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Standard Bank facilitates second largest IPO in SA’s history
2016 |

Standard Bank is delighted to have played a key role in South African health and pharmaceutical retail giant Dis-Chem’s Initial Public Offering (IPO), which listed on the JSE on 18 November 2016.

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Standard Bank guides AB InBev through 16 countries in Africa
2016 |

When AB InBev had aspirations to expand into Africa by combining their strengths with SABMiller, they needed a bank that had the right capabilities and knowledge of Africa. A global bank with local roots.

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Famous Brands expands into UK market
2016 |

Standard Bank played a key role in Famous Brands’ recent ZAR 2.1 billion acquisition of UK-based Gourmet Burger Kitchen.

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Standard Bank partners with MTN to raise USD 1- billion
2016 | | Telecommunications and media

We are delighted to announce that Standard Bank successfully participated in MTN’s recent USD 1 - billion dollar Eurobond issuance.

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Standard Bank enables growth of key African client Wilderness Safaris
2016 |

Standard Bank has successfully concluded a USD35-million funding deal with Botswana-based multi-national Wilderness Safaris.

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Standard Bank unlocks value in Africa’s private equity sector
2016 |

Standard Bank is proud to have acted as Lead Arranger and Sole Funder in providing growth capital for long-term client J&J Transport –a transport company operating across sub-Saharan Africa. The expertise and knowledge of our specialists made us the obvious choice to support their organic growth and facilitate their acquisition of a South African transport company, Cargo 2 Congo.

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Standard Bank facilitates the evolution of Bidvest
2016 | | Corporate finance advisory

Standard Bank is proud to have acted as sole Financial Advisor and Transaction Sponsor to Bidvest on the R102-billion separate listing on the JSE, and unbundling of its foodservices business, Bidcorp.

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Redefine 5 Year Term Loan, GBP38 million
2016 | | Real Estate finance | Real Estate

Standard Bank Real Estate Finance successfully originated a GBP38 million term loan to facilitate Redefine’ s further investment in Redefine International PLC. Redefine is the second largest Johannesburg Stock Exchange listed Real Estate Investment Trust (REIT). It offers investors an opportunity to access income and capital growth through a diverse portfolio of well-located properties. With a degree of international diversification, approximately 20% of its assets are located in developed markets which include Australia, United Kingdom and mainland Europe. Standard Bank was able to seamlessly meet client requirements and obtain exchange control approval within short turnaround times. This deal is evidence of Standard Bank’s expertise as one of the leading providers of foreign currency lending in the real estate sector.

Kenya Pipeline Company signs USD 350 million deal
2016 | | Corporate finance advisory | Power and infrastructure

Kenya Pipeline Company (KPC) has secured USD 58.3 million from each of a consortium of six banks, to install a new pipeline from Mombasa to Nairobi. The deal underpins a new growth era for Kenya and the wider East African region. We acted as joint mandated lead arrangers and underwriters. Our on-the-ground expertise, deep market knowledge and ability to syndicate to the international market enabled us to assist in moving Kenya forward.

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Growthpoint Properties, refinancing and additional facilities
2016 | | Real Estate finance | Real Estate

Standard Bank’s Real Estate Finance division successfully negotiated the refinancing of expiring debt facilities totalling ZAR1.25 billion. In addition, new facilities of ZAR1 billion were advanced to Growthpoint Properties Limited. Standard Bank was able to structure an innovative and competitively priced funding solution that met Growthpoint’s funding requirements whilst also securing a DCM mandate for the Bank. This DCM mandate was later successfully executed.

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Attacq Ltd, Facilities
2016 | | Real Estate finance | Real Estate

Standard Bank’s Real Estate Finance division successfully concluded the refinance and increase of three foreign currency denominated transactions for Attacq Investment Holdings.

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Old Mutual Finance (RF) Proprietary Limited, MLA
2015 |

Standard Bank of South Africa (SBSA) has been involved with Old Mutual Finance (RF) Proprietary Limited (OMF) since 2009 and has a total primary exposure valued at R2.5 billion. OMF appointed SBSA as the Mandated Lead Arranger and Sole Bookrunner to raise new funding of R1.5 billion.

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Oceana Group Limited: Financial Advisor, MLA, Underwriter and Bookrunner, FX Hedge provider
2015 | ,

Standard Bank is proud to have played a key role in expanding the Oceana Group’s international footprint through its R4.6-billion acquisition of Daybrook Fisheries, a leading fishing company in the USA. The acquisition was completed in July 2015.

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Time Projects, P60 million, Senior Debt Provider
2015 |

Stanbic Bank Botswana acted as Senior Debt Provider to fund the development of an office space in the CBD of Gaborone, named the Central Square Office Park. The office space is 6 816 square metres in size and was developed as a joint venture between Time Projects and Rekadot, the land owners. Construction began in August 2014 and the expected completion date is October December 2015.

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Delta International Property Holdings, USD48.5 million, Senior Debt Provider
2015 |

Standard Bank Mozambique and Standard Bank South Africa acted as co-lenders Senior Debt Provider for the termdevelopment finance facility of USD48.5 million to subsidiaries of Delta International Property Holdings Ltd. The purpose was to finance the acquisition of three office buildings in Maputo, Mozambique where the major tenants were Anadarko, Hollard, KPMG and Vodacom.

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Brait Virgin Active ZAR 12.2 billion
2015 |

Standard Bank advised Brait in relation to its acquisition of an ~80% interest in the Virgin Active Group and acted as Corporate Finance Advisor to Brait on this ZAR12.2 billion investment.

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Cognis, USD32 million, Senior Debt Provider
2015 |

Standard Bank provided USD32 million development finance as the sole lender Senior Debt Provider for the construction of a housing project for Anadarko and the US Embassy in Maputo, Mozambique.

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Development Bank of Namibia, NAD670 million, Sole Lender
2015 |

Standard Bank of Namibia acted as Sole Lender in providing a loan to the Development Bank of Namibia to the value of NAD670 million over a period of 12 months. The purpose of the funding is onward lending to strategic economic projects in Namibia.

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Tower Property Fund, R562.5 million, Senior Debt Provider
2015 |

Standard Bank participated as the Senior Debt Provider to Tower Property Fund in the acquisition of eight industrial properties, four retail centres and a substantial sectional title office block in Claremont, Cape Town.

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First Festival Mall - USD 25 million 2015, Nigeria, Real Estate, Development Funding
2015 | | Real estate finance

Stanbic IBTC Capital was mandated to structure and arrange USD 25 million to partly fund the development of the First Festival Mall – a 10,936 sqm retail centre in Lagos, Nigeria.

USD 35 million CMA facility
2015 | ,

Standard Bank arranged and underwrote a USD35 million Collateral Management Agreement (CMA) for AFGRI Mauritius Investments Limited (AMIL) to finance the purchase of soft commodities stores in collateral managed locations across its African subsidiaries.

Brait New Look GBP 783 million
2015 | ,

In another landmark transaction, Brait recently acquired a 90% interest in New Look, a leading fast value fashion clothing retailer in the UK for GBP783 million.

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Advisory to Food Concepts Plc
2015 | , | Real Estate finance , Acquisition finance | Automotive , Agribusiness

Stanbic IBTC facilitated a strategic partnership between Food Concepts Plc, a Nigerian-based company and Pioneer Foods (South Africa) which culminated in a capital injection of USD7 million into Food Concept’s baked goods business.

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77 on Independence
2015 | | Real Estate finance

Standard Bank Namibia financed the development of 164 residential units and 1,343,sqm retail area in a high rise building known as 77 On Independence. The development loan of N$ 166 m is required for a 24 month period on a cost to complete basis and will be paid in full on maturity from the net sales income generated from the sale of the subject units.

RCL Foods Term Loan
2015 |

Standard Bank participated as a lender in the RMB led refinance of Foodcorp’s euro-denominated senior secured notes.

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Siyakha Education Trust – ZAR 1.06 billion 2015, South Africa, Real Estate, Term Funding
2015 | | Real estate finance

Siyakha Education Trust was established by the Resilient Property Income Fund, Fortress Income Fund and Capital Property Fund to further education initiatives focusing on historically disadvantaged communities.

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Oceana Group Limited - R4.6-billion
2015 | | Real estate finance

Standard Bank is proud to have played a key role in expanding the Oceana Group’s international footprint through its R4.6-billion acquisition of Daybrook Fisheries, a leading fishing company in the USA. The acquisition was completed in July 2015. Oceana is the largest fishing group in Africa, listed on the JSE with a market capitalisation of R14-billion (US$1-billion).

Shree Property Holdings - ZAR 1.05 billion 2015, South Africa, Real Estate, Term Funding
2015 | | Real estate finance

Standard Bank was appointed lead financier and arranger to provide senior debt to the amount of ZAR 1.05 billion to Shree Property Holdings against their portfolio of assets in Kwa-Zulu Natal.

Kafubu Mall – USD 23 million 2014, South Africa, Real Estate, Development and Term Funding
2014 | | Real estate finance

Stanbic Zambia provided USD 10 million senior debt funding for the development of Kafubu Mall, a 12,044sqm shopping centre on the Copperbelt in Ndola. Standard Bank of South Africa provided term funding to refinance the development on completion for the two shareholders, Heriot Properties and Rockcastle Global Real Estate Company.

Pivotal Property Fund – ZAR 3.3 billion 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank, as primary financier to the Pivotal Property Fund, facilitated its pre-listing funding requirements, through the restructuring of its existing facilities and provision of an additional c.R2billion in acquisition finance, for a total funding package of R3.3billion.

Redefine Properties - ZAR 3.34 billion 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank has a long standing relationship with Redefine Properties Limited and in 2014 restructured facilities to the total of ZAR 3.34 billion to provide the client with working capital for the growth of their portfolio.

Amdec Group – ZAR 1.32 billion 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank secured the refinance of The Square development at Melrose Arch in the amount of ZAR 1.32 billion.

Tower Property Fund – ZAR 477 million 2014, South Africa, Real Estate, Term Funding
2014 | | Real Estate finance

Standard Bank became Tower Property Fund’s primary debt financier after refinancing existing debt in the amount of ZAR 477 million.

J.T. Ross – ZAR 173 million 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank provided ZAR 153 million term funding for the acquisition of land in Witfontein, Gauteng. This land forms part of the greater Plumbago Business Park and is earmarked for future significant industrial development.

West Hills Mall - USD 46.8 million 2014, Ghana, Real Estate, Development Funding
2014 | | Real estate finance

Standard Bank provided USD 46.8 million senior debt funding for the development of West Hills Mall – a 27,700 sqm shopping centre situated in Mile 11, Accra in Ghana.

Hyprop Investments – USD 100 million 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank provided a USD 100 million facility, the purposes of which was to refinance a ZAR bridging loan used to acquire the Manda Hill Shopping Centre in Zambia, thereby providing the client with both a low-cost funding structure, and a natural hedge between asset and liability.

Capital Property Fund – ZAR 1.2 billion 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

As a primary debt financier to Capital Property Fund, Standard Bank provided a ZAR 1.2 billion term loan to fund the acquisition and development of further property assets.

SA Corporate Real Estate Fund – ZAR 875 million 2014, South Africa, Real Estate, Syndicated Term Funding
2014 | | Real estate finance

SA Corporate Real Estate Fund was a target client of the Bank with no prior exposure to the Fund.Standard Bank participated in the SA Corporate Real Estate Fund ZAR 2 billion primary syndication secured by a portfolio of properties. Standard Bank was allocated the largest tranche of debt ZAR 875 million amongst the successful bidders.

Menlyn Maine Investment Holdings – ZAR 566 million 2014, South Africa, Real Estate, Development and Term Funding
2014 | | Real estate finance

Menlyn Maine is an investment vehicle specifically formed to develop the Menlyn Maine Precinct. Standard Bank provided development and term funding to the value of ZAR 626 million to fund 50% undivided share of the Mixed use development in Menlyn Maine Precinct which included Offices (19,172m²) and Retail (33,074m²).

The Vantage – ZAR 192 million 2014, South Africa, Real Estate, Development Funding
2014 | | Real estate finance

Standard Bank funded the Vantage high rise residential development in Rosebank on the back of a strong relationship with Renprop, Probuild and Grapnel. The development will introduce 165 apartments into the Rosebank node and has been fully sold out. The expected delivery date of completed units is April 2016.

Makuba Mall – USD 23 million 2014, South Africa, Real Estate, Development Funding
2014 | | Real estate finance

Standard Bank provided USD 23 million senior debt funding for the development of Mukuba Mall - a 26,500sqm shopping centre situated in Kitwe, Zambia. The Mall was jointly developed between Heriot Properties and Paxton Investments, with Rockcastle Global Real Estate Company acquiring 50% on completion.

Garden City Retail – USD 46.6 million 2014, Kenya, Real Estate, Development Funding
2014 | | Real estate finance

Standard Bank provided USD 41 million senior debt funding for the development of Garden City mall phase 1 – a 33,500 sqm shopping centre situated in Nairobi, Kenya.

Cosmopolitan Projects – ZAR 370 million 2014, South Africa, Real Estate, Development Funding
2014 | | Real estate finance

Standard Bank successfully banked two significant transactions which will introduce new rental housing accommodation into the growing residential nodes of Midrand and Centurion.

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Redefine Properties – ZAR 1.5 billion 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

Standard Bank has a long-standing relationship with Redefine Properties Ltd, and in October 2014, provided a ZAR 1.5 billion 5 year facility, used to acquire the Macsteel property portfolio, pursuant to a sale-and-leaseback transaction. Standard Bank was able to leverage off existing collateral, thereby providing an expeditious funding solution.

Ingenuity Property Investments – ZAR 227 million 2014, South Africa, Real Estate, Development and Term Funding
2014 | | Real estate finance

Standard Bank secured funding in the amount of ZAR 227 million to Ingenuity Property Investments Ltd to refinance and develop Phase 2 for Aurecon in Century City.

Delta Property Fund – ZAR 660 million 2014, South Africa, Real Estate, Term Funding
2014 | | Real estate finance

During the course of 2014 Standard Bank provided a cumulative loan amount of ZAR 660 million to enable the acquisition of directly held real estate and debt facilities for financial support of its sister company Delta International.

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IPO and Dual Listing on The Nigerian and London Stock Exchanges
2014 |

Standard Bank played a key role as Joint Global Co-ordinator, Bookrunner and Joint Lead Issuing House to the US$535m Global Offering by Seplat, the largest IPO in Sub-Saharan Africa (excluding SA) since 2008.

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ZESCO's expansion into the North Western province of Zambia
2014 |

Standard Bank, jointly with Nordea Bank, was the mandated lead arranger and original lender for a finance facility for ZESCO’s transmission line expansion into the North Western Province of Zambia. This province is the most sparsely populated area in the country and currently does not have electricity. Through this project, ZESCO (Zambia’s electrical utility) intends to introduce reliable electricity supply.

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