AFRASIA CORPORATE FINANCE
AfrAsia Corporate Finance (ACF) is the corporate finance arm of AfrAsia Group and an authorised financial service provider. ACF offers financial advisory and capital raising solutions to clients in connection with Mergers & Acquisitions, Restructurings and other strategic matters. AfrAsia Corporate Finance Africa (ACF Africa) holds a collective investment scheme licence and is the fund manager for AfrAsia Special Opportunities Fund (ASOF), a direct lending fund that integrates the provision of capital with the advisory capabilities of ACF.
ASOF provides an alternative to bank finance and uses the established network of ACF to originate unique lending opportunities. Lending structures are primarily senior secured, specialised credit investments, including leveraged buyout transactions; turnarounds; restructurings and exit financings. ASOF currently has Assets under Management of almost USD 50m and is fully invested in a portfolio of high yielding, diversified loans. In the current financial year, ASOF has invested in 15 transactions, totalling ZAR 453m.
ACF advises a wide range of organisations across the SADC region, from listed corporates to private equity funds and financial institutions. ACF’s advisory solutions are grouped into the following core offerings: Merger & Acquisitions, Restructuring, Capital Raising and Structured Finance Solutions. ACF is able to support its client relationships with innovative financing solutions that assist in unlocking opportunities that would not ordinarily be available to the client.
In the current financial year, ACF was approved by the Johannesburg Stock Exchange (JSE) to provide Designated Advisor and Sponsor services to its clients which has enabled ACF to enhance its offering by providing advice in respect of transacting in accordance with the applicable regulations in the listed environment, including the conduct of corporate actions by JSE-listed companies.
During the same time period, the ACF team has advised on sixteen M&A and capital raising transactions. These have included a ZAR 300m equity private placement and ZAR 357m debt capital raise for Torre Industries, the restructuring and reclassification of Convergenet Holdings as a JSE-listed Investment Holding Company, subsequent ZAR 150m private placement and acquisition of 5 investee companies and a number of high-profile Mauritian bond issuances for clients.
The increasing size and importance of Mauritius as a regional financial centre will inevitably lead to further integration with African capital markets and particularly, South Africa. As Mauritian corporate and financial institutions seek access to the South African capital markets and expand their African businesses, ACF’s position as a Mauritian-based financial adviser with offices in Johannesburg and Cape Town, together with its established track record of delivering solutions-driven results, means it is ideally positioned to capitalise on this trend in the 2015 financial year.