More NewsStandard Bank Underwrites Aspens’ Sigma Acquisition

Standard Bank Underwrites Aspens' Sigma Acquisition

Standard Bank has announced a large South African debt underwriting deal with the conclusion of Aspens’ A$900m acquisition of the Australian pharmaceutical business of Sigma.

Standard Bank was mandated lead arranger, debt advisor and underwriter of Aspen’s acquisition of Sigma’s pharmaceutical division, after the deal received approval from Sigma’s shareholders in Australia. The transaction price was A$900m, with Standard Bank underwriting A$800m of this facility.

Aspen is South Africa’s leading pharmaceutical company. It is a substantial player in emerging markets, supplying branded and generic pharmaceuticals in about 100 countries, as well as consumer and nutritional products in selected territories.

David Renwick, director and head of diversified lending and leverage at Standard Bank Corporate and Investment Banking, said: “[The deal’s] key attributes are that it demonstrates Standard Bank’s ability to support South African corporate clients in their expansion abroad, as well as a capability in handling cross-border deals. I believe our ability and willingness to provide large underwriting underlines Standard Bank’s commitment to Aspen as its client.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4m The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

7m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

8m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

8m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

8m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

9m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

9m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

9m Tasja Botha