DEALS Supporting Growth in Global Fashion Retailing Absa | Corporate and Investment Banking > Insights and Events > Supporting Growth in Global Fashion Retailing SHARE We are pleased to have acted as Joint Mandated Lead Arranger and original lender for TFG Brands (London) Limited’s £90m revolving credit facility. TFG Brands (London) Limited is a wholly owned subsidiary of The Foschini Group Limited (TFG), a prominent South African retail business. TFG Brands London entered the UK market in 2015 with the acquisition of Phase Eight followed by the acquisitions of Whistles and Hobbs. In March last year, the Group also launched its own homeware offering, known as Inside Story. The funding is set to support TFG’s position in the UK retail sector, providing flexibility for further investment to optimize its brand platform as well as facilitating the acquisition and onboarding of new brands. It will also enable TFG Brands London to further pursue domestic and international expansion to fuel its growth. As experts in financing the retail industry and the sole African financier involved in this transaction, Absa consistently demonstrates the significance of collaborating with our clients to drive financial success and opportunities for sustained business growth. We are excited to be supporting TFG London’s next phase of growth. Contact Bheka Maphumulo for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
