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 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
