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 Absa and Global Infrastructure Partners mobilise capital for strategic African energy infrastructure Africa’s energy transition requires sustained investment in generation capacity, grid resilience and the infrastructure needed to support long-term economic growth. Mobilising institutional capital at scale is critical to closing the continent’s infrastructure gap and expanding access to more reliable power. Read more DEALS Absa supports V&A Waterfront’s sustainable growth ambitions Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more
