Deals

Financing to support rental business

South Africa

Mar 01, 2018

Standard Bank acted as Co–Arranger and Co-Lender alongside Investec Bank in relation to funding for Goscor Finance’s rental book. By developing an innovative financing structure to support Goscor Finance’s rental business, we provided flexibility for Goscor Finance to grow its rental book and also addressed specific shareholder requirements from IEP Group in meeting their strategic objectives. 

The Goscor Group of companies is wholly owned by Industrial Services Holdings (InServe) which houses IEP Group’s industrial operations. The Goscor Group is an industrial equipment and solutions provider involved in the distribution, leasing and servicing of forklifts, access equipment and industrial and commercial cleaning products and equipment. 

Standard Bank has the appetite and balance sheet to support unusually large deals that meet our commercial and risk standards.

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