Awards for Excellence 2017
Given the tough market conditions in South Africa, a focus for Rand Merchant Bank was outbound M&A and private equity. The success of this strategy helped make it the best bank for advisory in Africa.
RMB advised Life Healthcare Group on its £800 million ($1.02 billion) acquisition of UK-based Alliance Medical Group. It also advised Rand Merchant Investment Holdings on its acquisition of a 29.9% stake in Hastings Group, for a total consideration of up to £500 million.
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RMB acted as financial adviser to Idwala and its shareholders on its acquisition by Investec Equity Partners. Idwala shareholders were Ethos Private Equity, Old Mutual Private Equity, Kagiso Tiso Holdings and its management. This transaction cemented RMB’s relationship with key clients and resulted in the team winning further mandates from the likes of Old Mutual Private Equity.
RMB’s success owes much to its having one of the largest teams of corporate finance specialists in Africa, based across the bank’s offices in Johannesburg, Lagos and Nairobi. It also has presence in London and India, which allows it to mine the Europe-Africa corridor and execute in-country India M&A.