Rand Merchant Bank in Nigeria wins
M&A Deal of the Year 2021 and Best M&A House 2021
Rand Merchant Bank in Nigeria (RMBN) is proud to announce its recent wins of two awards within the M&A category at the Association of Issuing Houses of Nigeria Awards (AIHN) Ceremony.
AIHN is the umbrella body for issuing houses and investment banks in Nigeria. The awards ceremony is an annual event designed to recognise and reward market participants who have contributed to the growth of the industry.
Michael Larbie, CEO RMBN & Regional Head West Africa says: “We are proud to have such a strong presence in the M&A category, winning two highly regarded awards. This is a testament to our reputation as the bank of choice for our M&A clients, and the expertise we have in structuring deals that are value accretive to all parties. These awards illustrate the great strides we continue to make in providing our clients with best-in-class financial services.”
RMBN won the M&A Deal of the Year 2021 for Dolidol’s 100% acquisition of Mouka Limited, a Nigerian manufacturer of mattresses and pillows from Actis and the Moukarim family.
In addition to the M & A Deal of the Year, RMBN won the award for the Best M&A House. This was in recognition of a successful year in which RMBN concluded a number of landmark transactions including:
- the demutualisation of The Nigerian Exchange Group Plc (NGX) and subsequent listing on The Nigerian Exchange;
- the merger of BUA Foods five food businesses and subsequent listing on The Nigerian Exchange;
- the Initial Public Offering of IHS Towers on the New York Stock Exchange;
- MTN Group’s Offer for Sale in MTN Nigeria PLC;
- First Bank of Nigeria divestment of its minority shareholding in Airtel Nigeria Limited and;
- the share reconstruction of AXA Mansard Insurance Plc.
Chidi Iwuchukwu, Head, Investment Banking Africa Regions for RMB adds: “We look forward to continuing to bring our expertise to enabling more M&A transactions for our clients, supporting them, and in the process stimulating economic growth.
RMBN has over 15 years of transactional experience in Nigeria ranging from advisory on infrastructure projects, execution of key merger and acquisition mandates, to the provision of innovative and bespoke funding solutions to support transactions across a range of sectors.
As part of the Corporate & Investment Banking Division of the FirstRand Group, the largest listed financial services group (by market capitalisation) in Africa, RMB’s business strategy leverages a market leading origination franchise to deliver an integrated value proposition to corporate and institutional clients across Africa.
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