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
Facebook
Twitter

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

Related Articles

DEALS

Partnering to continue harnessing wind power for a greener future

Absa Corporate and Investment Banking (CIB) is proud to have acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider for the R5 billion financing of Seriti Green’s 155MW wind project, which will supply clean, reliable power to NOA over the next 25 years. NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund.

DEALS

Reinvesting in energy that keeps Africa moving

Absa Corporate and Investment Banking has partnered with Infinity Power (IPH) in a landmark US$372 million refinancing of an existing 368MW Bid Window 3 wind portfolio under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), including the Noupoort Wind Farm, Loeriesfontein 2 Wind Farm and Khobab Wind Farm, located in the Northern Cape.

DEALS

Bridging markets to unlock bold ambitions

Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest.