Mar 23, 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.
Standard Bank acted as Sole Financial Advisor, Sole Bookrunner and Sole Transaction Sponsor on the deal, which will allow the Group to optimise its capital structure, strengthen its balance sheet and raise additional capital.
Sea Harvest’s listing on the JSE will give the Group to access equity capital, enabling the company to continue investing in its people, vessels, factories and markets in order to enhance margins in an attractive international seafood market. As one of only three fishing companies listed on the JSE, Sea Harvest also gives investors additional opportunities to diversify in this sector.
This IPO is a further testament to Standard Bank’s ability to ensure a smooth listing for our clients.
Our in-depth knowledge of the sector, coupled with our understanding of Sea Harvest’s business strategy and goals, made us the ideal partner to support and enable the Group to achieve its vision of becoming a leading and responsible diversified global fishing business.
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