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 Propelling Africa’s property investment landscape forward Our transformative role as a Debt Provider in TriColour Investments’ R1.1 billion deal is a source of tremendous pride, and investing in new partnerships is the bedrock of writing innovative success stories. That’s why we are thrilled to announce our new deal with TriColour Investments (Pty) Ltd, a Johannesburg-based property investment company specialising in the development and ownership of commercial and industrial properties. Read more DEALS Fuelling stories of sustainable growth in local communities We’re excited to announce that we're partnering with Cubisol Holdings in a transformative real estate deal that champions sustainable development and community impact. Read more DEALS Enabling TAAG Angola Airlines to reach new heights We are pleased to have acted as Joint Mandated Lead Arranger, Security Trustee and Facility Agent for TAAG Angola Airlines’ $110 m predelivery payment facility. Read more
