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 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. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
