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Rand Merchant Bank (RMB) Nigeria Limited is an Authorised Financial Services Provider and a subsidiary of the FirstRand Group. RMB Nigeria offers a comprehensive suite of investment banking products and services; advisory, finance and trading solutions; investment opportunities and fund management.
Recent landmark transactions in Nigeria
2017
|
Client
|
Nature of the deal
|
Size of the deal
|
| Chi Limited | RMB provided trade and working capital facilities to Chi Limited. | NGN2-bn |
| Grand Cereals Limited | RMB provided trade and working capital facilities to Grand Cereals Limited. | NGN1.5-bn |
| De-United Foods Limited | RMB provided trade and working capital facilities to De-United Foods Limited. | NGN2.5-bn |
| Wacot Limited | RMB provided a trade and working capital facilities to Wacot Limited. | NGN1.0-bn |
| Africa Finance Corporation | RMB acted as initial mandated lead arranger and bookrunner for Africa Finance Corporation. | US$150-m |
| Agrolimen/GB Foods and Helios Investment Partners | RMB acted as financial adviser to Agrolimen/GB Foods and Helios Investment Partners in the acquisition of the Watanmal group. | Undisclosed |
| PZ Cussons Plc | RMB provided trade and working capital facilities to PZ Cussons Plc. | NGN6-bn |
2016
|
Client
|
Nature of the deal
|
Size of the deal
|
| African Steel Mills Nigeria Limited | RMB was the mandated lead arranger of a loan syndication for African Steel Mills Nigeria Limited. | NGN2.0-bn |
| African Wire and Allied Industries Limited | RMB was the mandated lead arranger of a loan syndication for African Wire and Allied Industries Limited. | NGN1.0-bn |
| GZ Industries | RMB structured a term loan to GZ Industries. | NGN3.0-bn |
| OVH Energy | RMB provided a bridge loan to OVH Energy. | US$13.75-m |
| Bua Group | RMB acted as financial adviser to the BUA Group on the investment of its wheat milling and pasta manufacturing assets to Olam International Limited. | US$275-m |
| MMI Holdings | RMB acted as financial adviser to MMI Holdings in the 50% acquisition of United Metropolitan Insurance Nigeria Limited. | US$16.5-m |
| OIS | RMB was the mandated lead arranger for a capex facility for port infrastructure. | US$52-m |
| Interswitch | RMB structured a term loan facility and RCF for Interswitch. | NGN5.4-bn |
| African Steel Mills | RMB provided Naira term loan facilities to African Steel Mills. | NGN2-bn |
| African Steel Mills | RMB provided a N1-bn trade and working capital facility to African Steel Mills. | NGN1-bn |
| African Wire and Allied Industries Limited | RMB provided a Naira term loan facility to African Wire and Allied Limited. | NGN2-bn |
| African Wire and Allied Industries Limited | RMB provided a trade and working capital facility to African Wire and Allied Limited. | NGN1-bn |
| Seven up Bottling Company Plc. | RMB structured a trade and working capital facility to Seven up Bottling Company. | NGN3-bn |
| Nigerian Breweries Plc. | RMB provided a trade and working capital facility to Nigerian Breweries Plc. | NGN3-bn |
| Nestle Nigeria Plc | RMB provided a trade and working capital facility to Nestle Nigeria Plc. | NGN2-bn |
| Crown Flour Mills Limited | RMB provided a trade and working capital facility to Crown Flour Mills Limited. | NGN3-bn |
| Olam Nigeria Limited | RMB provided a trade and working capital facility to Olam Nigeria Limited. | NGN3-bn |
| Unilever Plc | RMB provided a trade and working capital facility to Unilever Plc. | NGN3-bn |
| BUA Sugar Refinery Limited | RMB provided a trade and working capital facility to BUA Sugar Refinery Limited. | NGN2-bn |
| Amandi Energy IPP Project | RMB acted as the co-mandated lead arranger on the Commercial Bank tranche of senior debt and the Fuel LC Facility, RMB Global Markets provided both interest rate and fuel hedging solutions. RMB also won the roles of Facility Agent, Onshore Account Bank (FNB Ghana), and Offshore Security Trustee. | US$552-m |
| OIS Indorma Port Project | RMB Indorama financed the construction of a jetty to allow for the export of the urea being produced by a Indorama Fertilizer company. | US$21-m |
2015
|
Client
|
Nature of the deal
|
Size of the deal
|
| BUA Group | RMB acted as financial adviser to the BUA Group on the divestment of its wheat milling and pasta manufacturing assets to Olam International Limited. | US$275-million |
| International Breweries Plc | RMB Nigeria provided a N4.0-bn facility to International Breweries Plc. | N4.0-billion |
| OLAM Nigeria | RMB provided a working capital facility to OLAM Nigeria. | N3.2-billion |
| Crown Flour Mills | RMB provided a working capital facility to Crown Flour Mills in Nigeria. | N2.0-billion |
| IHS | RMB was the joint mandated lead arranger and bookrunner for a capex facility for IHS in Nigeria. | US$800-million |
| Actis, RMB Westport, Paragon Holdings (‘Sellers’) | RMB acted as financial adviser to the Sellers on the sale of Ikeja City Mall to Hyprop Investments Limited and Attacq Limited – a JSE-listed real estate capital growth fund. | US$155-million |
| Zenith Bank | RMB acted as initial mandated lead arranger, bookrunner and facility agent for Zenith Bank’s inaugural syndicated loan. | US$350-million |
| First Bank | RMB has been involved in various oil import LC confirmations for First Bank. | US$290-million |
| Actis | RMB acted as financial adviser to Actis in the acquisition of a majority stake in Sigma Pensions Limited. | US$62-million |
| Azura | RMB provided a US$ term-debt facility to Azura — a Greenfields IPP. | Undisclosed |
2014
|
Client
|
Nature of the deal
|
Size of the deal
|
| AOS Orwell | RMB refinanced a loan to a private equity backed oil services company. | US$80-million |
| BP | RMB through FirstRand confirmed an oil import documentary credit in favour of BP. | US$61-million |
| AFDB | RMB acted as joint issuing house and bookrunner on the Africa Development Bank’s (AFDB) seven year medium Naira term note. | N12.95-billion |
| Zenith Bank Plc. | Mandated lead arranger, Syndicated Term Loan Facility | US$300-million |
| Africa Finance Corporation | Mandated lead arranger, Bilateral Loan Facility | US$75-million |
| BOC Gases | Sole lender, Bilateral Naira Loan Facility | – |
| Imperial Logistics | Financial advisor, Acquisition of Eco Health | – |
2013
|
Client
|
Nature of the deal
|
Size of the deal
|
| Dangote Industries | RMB acted as senior lead arranger as part of a loan syndication for Dangote Industries’ expansion into fertilizer and petrochemicals production | US$3.3-billion |
| BUA Group | RMB acted as co-lender to fund the construction of a sugar refinery in Port Harcourt. | US$100-million |
| SAB Miller Plc | RMB structured a term loan facility for SAB Miller Plc. | US$160-million |
| African Steel Mills | RMB provided a Naira term-debt facility to African Steel Mills. | N3.5-billion |
| Oando Wings | RMB provided a US$ development and term-debt facility to Oando Wings. | US$50-million |
| MTN Nigeria | RMB acted as mandated lead arranger of a syndicated medium term facility for MTN Nigeria. | US$300-million |
| Africa Finance Corporation (AFC) | RMB was the mandated lead arranger of a bilateral syndicated and club loan for the Africa Finance Corporation (AFC). | US$50-million US$250-million US$300-million |
| African Steel Mills | Lead arranger, 3-year funding | US$30-million |
| MTN | Original Lender, Syndicated Term Loan Facility | US$3-billion |
| Dufil Prima Foods Limited | Mandated lead arranger, Short Term Loan Facility | – |
2012
|
Client
|
Nature of the deal
|
Size of the deal
|
| Exxon Mobil NNPC JV | RMB provided funding for Exxon Mobil NNPC JV reserve development programme. | US$50-million |
2011
|
Client
|
Nature of the deal
|
Size of the deal
|
| Ikeja City Mall | RMB Westport developed and let Ikeja City Mall (the largest retail complex in West Africa) in Lagos. | US$95-million |