Row rect Shape Decorative svg added to bottom DEALS Local to global through innovative banking Absa | Corporate and Investment Banking > Insights and Events > Local to global through innovative banking SHARE Absa Corporate and Investment Banking was awarded the sole mandate in support of Excellerate’s expansion into the UK We are proud to have acted as original lender and arranger on this transaction, in support of Excellerate’s bid for UK-based contract cleaning and support services provider, GS Associates (“GSA”) valued at £35.5 million. Further, we are pleased to have acted as Original lender, arranger, agent, bookrunner and underwriter for Excellerate’s purchase of Premium Support Services, valued at £22.3m. These acquisitions will go a long way towards making Excellerate a player of consequence in the UK market, and further geographically diversify their business. Building on our decade-long relationship with Excellerate – a leading facilities management company in South Africa – we structured globally competitive and innovative financing solutions tailored to their needs. This enabled them to expand into the UK market and achieve their vision of becoming a leading provider of integrated property solutions in the EMEA region. These transactions directly contribute to our vision of being the continent’s leading investment bank, highlighting our commitment to our local clients as they expand globally. Please contact our Head of SA Debt SA Debt Director, Mahlatse Moropane, to find out more. Contact us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS At the forefront of scaling energy progress Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project. Read more DEALS Harnessing Partnerships to Power Energy at Scale Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the ZAR 8.4 billion financing of SOLA Group’s 300 MW Naos solar PV project, incorporating 660 MWh of battery storage. Read more DEALS Backing the metals that will power the future Absa is proud to help lead one of South Africa’s landmark mining projects. As joint mandated lead arranger and bookrunner with Ivanplats on a USD700 million project finance facility, we’re powering the Platreef Project’s growth – unlocking critical minerals for a sustainable future. Read more
