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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.

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