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 Capital that builds confidence in South Africa’s tomorrow Absa Corporate and Investment Banking (CIB) is proud to partner with the South African National Treasury as the sole lead arranger and infrastructure finance structuring agent of a R11.8 billion Infrastructure and Development Finance Bond. This purpose-driven instrument is designed to finance or refinance priority infrastructure under the Government’s Budget Facility for Infrastructure (BFI) programme. Read more DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more
