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Corporate Finance Advisory

We have extensive experience in the public and private sector, as well as transaction advisory skills and capital raising expertise. We have credibility with investors – including local and foreign institutions, and high net worth individuals. We perform the following roles:

  • Transaction advisory;
  • Private equity placements;
  • Balance sheet restructuring;
  • Financing arrangements; and
  • Fairness opinions

For more information on our corporate finance transactions, please see below:

Faida & IMBC Deliver 12% Oversubscription for I&M Bank (Rwanda) PLC Rights Issue

We (Faida Securities Rwanda) and I&M Burbidge Capital, as the Joint Lead Transaction Advisors for the 2020 Rights Issue, are pleased to announce the successful completion of the transaction with the Rights Issue having closed with an oversubscription of 12%. 

The Rights Issue raised  7.9 billion Frw  (approx. Kshs 887 Million) at a share offer price of Frw 39.60 for a total 202,000,000 shares on offer. However, those applied for totaled 225,584,700 buoying the performance of the transaction by 112%.

I&M Bank (Rwanda) Plc undertook the Rights Issue to secure long-term funding to accelerate investment in technological platforms and bolster the Bank’s Tier 1 Capital Adequacy Ratio.

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According to Ms Rina Hicks, Chief Operations Officer at Faida Securities Rwanda an associate company of Faida Investment Bank said, “Despite the effects of the COVID-19 pandemic, we are proud to partner with the bank in this transaction and are optimistic about the Bank’s growth prospects. I&M Bank Rwanda has a track record of offering high Return on Average Equity and is a strong dividend counter.”

Wishing them success in the years ahead, Ms Hicks added, “We believe that going forward, growth will be driven by the Bank’s current strategy which largely focuses on increasing their MSME offering and leveraging digital banking to enhance efficiency and revenue diversification.”

Speaking about the transaction, Ms. Gauri Gupta, Director at I&M Burbidge Capital, said “We are delighted to have advised on this successful transaction. The advisory teams and the Bank’s transaction team worked extremely hard to complete this within the timeframes, and the highly successful outcome is a testament to the professional approach of the advisory teams as well as I&M Bank’s fantastic performance record and reputation in the market.”

I&M Bank Rwanda has grown steadily over the past five years and the results of this Rights Issue demonstrate the commitment by its shareholders to continue to be a part of the Bank’s sustainable growth story.

Please see the press release below:

I&M Burbidge Capital-Faida-Press Release

 

VSA Capital Faida Strategic Partnership

We are pleased to announce that we have entered into a strategic partnership with VSA Capital, an international investment banking and broking firm.

The partnership will enable both firms to leverage their broad range of advisory skills and deep knowledge of corporates and investors throughout Africa.

Andrew Monk, Chief Executive of VSA Capital commented “We are delighted with our new partnership with Faida that will make a real difference to the services we can offer our corporate clients and funders in Africa. The capabilities of VSA in London and Moshe Capital in Johannesburg will be enhanced by Faida’s market leading position in East Africa and give VSA Capital a greater presence in Africa than any other UK domestic broker. Combined with VSA’s office in Shanghai, it will create a formidable London-China-Africa axis that will be appealing to multinational clients operating in these regions.”

Rina Hicks, Chief Operations Officer of Faida Investment Bank commented: “Our partnership with VSA means that Faida and VSA will leverage our joint capabilities throughout Africa and particularly East Africa. We are excited about this partnership. At this crucial time, East African companies need access to capital and we believe that jointly engaging with global capital providers will positively contribute to greater access to capital as well as provide a wider range of innovative funding solutions.”

Please see the press release below:

VSA Faida press release draft final

 

Faida Completed Transactions

We have extensive experience in the public and private sector, as well as transaction advisory skills and capital raising expertise, and have credibility with investors – including local and foreign institutions, and high net worth individuals. Below is a list of all our completed corporate finance transactions to date.

Year Transactions Country
2020 I&M Bank Holdings Plc – Independent Financial Advisory for a potential buyout Kenya
2020 I&M Bank Plc (Rwanda) – Co Transaction Advisor for Rights Issue Rwanda
2020 RH Bophelo Limited – Listing by Introduction of a JSE Listed Company (Sponsoring Broker) Rwanda
2019 NCBA Group Plc – Independent Financial Advisor for the merger between NIC and CBA Group Limited Kenya
2019 Unga Group Limited – Independent Financial Advisor for takeover of the company Kenya
2015 Family Bank – Co Transaction Advisor & Placing agent for Corporate Bond Kenya
2015 Equity Bank Limited – Lead Sponsoring Broker for cross listing at the Rwanda Stock Exchange Rwanda
2012 CIC Insurance Group – Lead Transaction Advisor for Listing by Introduction Kenya
2012 CIC Insurance Group – Valuation of CIC shares for Listing by Introduction Kenya
2012 Unaitas Sacco – Transaction Advisor for the regularisation of the Sacco public offer Kenya
2008 Cooperative Bank of Kenya – Lead Sponsoring Broker for the Initial Public Offer (IPO) Kenya
2008 KCB Limited – Co transaction advisor & Lead Sponsoring Broker for Rights Issue Kenya
2008 KCB Limited – Co Transaction Advisor & Lead Sponsoring Broker for the Cross Listing Rwanda, Uganda, Tanzania
2008 KCB Co-Transaction Advisor for KCB Employee share ownership scheme Kenya, Uganda & Tanzania
2008 Safaricom Limited – Lead Sponsoring Broker for the IPO Kenya
2007 Olympia Capital Holdings – Lead Sponsoring Broker for IPO Kenya
2006 Diamond Trust Bank – Co-Lead Sponsoring Broker for Rights Issue Kenya
2006 Kengen Company Limited – Co-Lead Sponsoring Broker for IPO Kenya
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