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South Africa
Pharmaceutical Products Manufacturer
EA is providing capital raising and financial structuring advice to restructure and re-capitalize a pharmaceutical products manufacturer. The transaction includes raising of R2 Million in equity and debt and the introduction of strategic Black Empowerment investors.
The company manufactures sterile, intravenous and renal solutions for sale and distribution to the medical industry in South Africa. The solutions are produced in a patented manufacturing process at a plant in the Johannesburg area. Once derived, the solutions are packaged into typical IV bags or plastic bottle containers of various sizes\volumes. The majority of sales are to public hospitals under the terms of contracts awarded by the State Tender Board. Other customers include private hospitals and contract manufacturing for a competitor. The company was recently awarded a one-year contract valued at R10 Million to produce a bottled sterile wash solution and an intravenous solution in 200 ml bags. This contract follows-on a previous State Tender Board contract for similar products sold to Government hospitals, but with a 40% price increase.
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South Africa
Paper Company - Expansion Capital – Fund Raising Assignment
Placement agent services for a R5 million secured working capital facility and term loan for a rapidly expanding paper company operating in the Western Cape, targeting the widest section of the population in SA. The proposed funding assists the company to acquire additional equipment to complete the installation of a tissue production plant. The production plant allows the paper company to substantially reduce its monthly production cost of paper per ton, double its current monthly production, enabling the paper company to capture additional market share and reducing competition from entering its market.
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South Africa
Food Company - Management MBO Fund Raising Assignment
Placement agent services to the management team for a $2.0 million MBO of the snacks division of an SA conglomerate. Placement agent services include 1) preparation of a private placement memorandum representing managementÂ’s MBO to interested lenders and/or investors; 2) actively sourcing and raising $2.0 million from prospective third parties; 3) creating a competitive bid process between lenders and/or investors for the transaction; 4) negotiating the terms and conditions of the debt and/or equity; and 5) reviewing legal documentation and negotiating terms of relevant legal clauses on behalf of management.
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South Africa
Financial Services Company - Fund Raising Assignments
Placement agent services for a $20 million guarantee for a fast growing SA financial services company providing credit and related products to the widest section of the population in SA. The guarantee provides 50% protection to lenders and allows the financial services company to access $40 million in funding for one of its fastest growing subsidiaries that provides bridging loan finance to the emerging construction industry on a national basis. The guarantee allows the subsidiary to triple the size of the business in the next 1.5 years, lower its funding cost, gradually improve its credit rating, move subsidiary toward stand-alone financing in the future and achieve nationwide support for emerging contractors.
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