Barclays Africa named ‘best investment bank’ and ‘best m&a house in africa’ at prestigious 2014 Euromoney awards  



Johannesburg, South Africa, 11 July 2014: Barclays Africa has been named ‘Best Investment Bank in Africa’ and ‘Best M&A House in Africa’ by the prestigious global news publication Euromoney. The awards ceremony, held at London’s Natural History Museum on Thursday, 10 July, added to a series of recent accolades confirming Barclays Africa as the leading advisor on debt access and business acquisition on the continent.

The Euromoney Awards for Excellence are given each year to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers and industries. The awards are widely considered the most prestigious recognition in the financial services industry.

The award for ‘Best Bank in Ghana’ follows recent recognition as ‘Best Bank in Cash Management’ by Euromoney in 2010 and ‘Best Bank in Ghana’ by The Banker in 2012.

“Less than one year after establishing Barclays Africa, these awards symbolise an important milestone in our journey to achieve our ambition becoming the ‘Go-To’ bank in Africa,” said Maria Ramos, Chief Executive Officer of Barclays Africa Group. “This recognition is a testament to the powerful combination of deep local presence and global expertise that only Barclays can provide on the African continent.”

Barclays Africa has been involved in some of the most high-profile transactions on the African continent in the last 12 months. These include acting as joint bookrunner on Steinhoff International’s Є465m convertible bond, sole bookrunner on Metair’s R1.5bn capital increase and sole bookrunner on the R321m accelerated placing of Gold Fields’ residual stake in Northam Platinum. Barclays’ ECM team also acted as joint advisor and sole sponsor on Glencore’s inward listing on the JSE – the largest listing on the JSE in over ten years.

“We are honoured to be recognised as the best investment bank in Africa and best M&A house in Africa. This recognition confirms our leadership position as Africa’s premier M&A, equity, debt, ratings, project finance, risk solutions and foreign exchange advisor,” said Stephen van Coller, Chief Executive Officer of the Corporate and Investment Banking division of Barclays Africa. “You can expect to see continued innovation and investment in this business over the coming years as we extend our product offering into new markets across Africa.”

He believes that Barclays Africa’s unique product capability across financing, risk management advisory, combined with its global integrated investment banking platform, delivers world-class investment banking services to its clients across Africa and played a role in winning the award.

“Our clients are the visionaries, and we are proud that as one of only a few banks that can provide debt financing locally and internationally, delivering multi-product, bespoke financing and advisory solutions that we can help our clients realise their ambitions,” said Philip Lindop, head of Investment Banking at Barclays Africa.

Barclays Ghana Managing Director Patience Akyianu, who was in attendance to receive the award, said the recognition was testimony of the strides the bank is making towards the goal of becoming the bank of choice by delivering better value banking to the Ghana market.

"This Euromoney Award for Excellence recognises our enhanced value proposition to our customers through the introduction of innovative products and services that provide easy banking solutions," said Ms Akyianu. Barclays Ghana has operated in Ghana for over 95 years and has an extensive retail and corporate banking network across the country; comprising 58 branches, five Agencies, 10 Premier Life Centres, two Premier Suites and eight Local Business Centres. Barclays also has 137 ATMs spread across the country.

Barclays Ghana continues to benefit from investments made in previous years, which has seen the bank post steady growth since 2012. The bank’s impressive performance is underpinned by numerous initiatives, including significant enhancement of customer service experience as well as improved operational efficiencies and control environment.

About Corporate and Investment Banking at Barclays Africa:

Corporate and Investment Banking from Barclays Africa provides clients with access to a leading corporate and investment bank with global reach, offering financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.

Recent awards include:

  • Winner of The Banker’s African Deal of the Year Award for Best Securitisation and Structured Finance Deal in Africa for Eskom Finance Company’s Nqaba Finance 1 deal
  • Ranked first by Dealogic in the category deal value for South Africa M&A in 2013, and first by deal value in sub-Saharan Africa M&A for completed transactions.
  • Ranked first Overall Bank in the Risk SA Rankings 2013 client survey.
  • Debt Capital Markets International African Issuance – 4th Dealogic League Tables.
  • Debt Capital Markets International sub-Saharan Africa Bonds – 3rd Bloomberg League Tables.
  • Debt Capital Markets All South African Corporate Bonds – 3rd Bloomberg League Tables.
  • Ratings Advisory (judged by JSE-listed companies with Public Ratings 2006-2013 YTD) – 1st Bloomberg
  • Equity Capital Markets – 5th Dealogic.
  • Best cross-border deal of the year for 2013 by EMEA Finance Magazine for Mutlu transaction.

Recent notable business successes include:

  • Buyside advisor to a Chinese consortium partnering with the PIC to acquire JSE-listed Palabora Mining Company from Rio Tinto Group and Anglo American Plc, followed by a public market offer to minority shareholders. The transaction represented one of China’s most complicated cross-border investments in Africa.
  • Advised Cipla Medpro SA Limited to assist Cipla Limited of India acquire 100% of JSE-listed CMSA for R 4.51 billion. The transaction represented the largest ever cross-border investment by an Indian company into South Africa.
  • Buyside advisor for Metair in the acquisition of 96.43% of Mutlu Aku, Turkey’s leading manufacturer of automotive batteries. The Mutlu acquisition was the largest ever South African investment into Turkey.
  • Advised Sycom on its acquisition of the outstanding 50% stake in Somerset Mall for US$127 million and the subsequent disposal of the full asset for US$254 million to Sycom’s largest shareholder.

About Euromoney Awards for Excellence

The Euromoney Awards for Excellence continue to be the most respected awards in the financial services industry. Building on established criteria, Euromoney continues to combine quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers and industries.

For more information please contact:

Graeme Coetzee
Marketing and Corporate Communications
Corporate and Investment Banking
Barclays Africa
+27 11 895 6695
+27 79 695 9798

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