Row rect Shape Decorative svg added to bottom DEALS Transformational deals for an empowered future Absa | Corporate and Investment Banking > Insights and Events > Transformational deals for an empowered future SHARE We are proud to have acted as sole Financial Advisor, Bookrunner and Mandated Lead Arranger to a consortium of investors on the take private of ICT group Alviva Holdings Limited. The Consortium comprises two significant existing empowerment shareholders of Alviva who collectively own 18.7% of the issued share capital of the company and who will subsequently hold c.72% of the company alongside management and another investor. The conclusion of the transaction will significantly improve Alviva’s B-BBEE shareholding. The transaction entailed a cash offer of up to R2.562 billion supported by multi-tranched acquisition facilities to acquire all of the Alviva shares that are not already owned by the consortium of investors, the offer of which was made by way of a scheme of arrangement. In addition, the business is supported with operational funding facilities. This landmark transaction will result in Alviva, which is one of the largest diversified ICT groups, becoming a majority black-owned and privately held company, repositioning Alviva to drive the strategic direction of the business for future growth and expansion. We are proud to have partnered with our clients on this deal that not only demonstrates Absa’s continued support for transformational deals and our ability to provide a full suite of services, but also showcases our expertise in the technology sector across the continent. Contact us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Strengthening Africa’s edible oil supply chain through structured trade finance Absa Corporate and Investment Banking (CIB) has successfully concluded a US$45 million Structured Trade Finance facility for White Horse Commodities FZCO (WHC) – headquartered in the UAE, is a key strategic fuel and cooking oil procurement arm of the Mount Meru Group. Read more DEALS Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more
