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Renaissance Capital named ‘Best Africa Investment Bank’ for second consecutive year

Renaissance Capital named ‘Best Africa Investment Bank’ for second consecutive year

Renaissance Capital, the leading emerging markets investment bank, has been recognised by Africa Investor (Ai) as the “Best Africa Investment Bank”, for the second consecutive year. The 2011 award was presented at Ai’s Index Series Summit and Awards, in New York, USA.

Renaissance Capital took top honours among the nine banks shortlisted, including Standard Bank, Goldman Sachs, BMCE, Attijariwafa Bank, Citi, CI Capital Investment Banking, Imara Group and UBA Capital.

“Renaissance Capital is delighted to receive Ai’s Best African Investment Bank Award for the second year running,” said Clifford Sacks, CEO of Renaissance Capital in Africa. “Our pan-African, pan-emerging markets model has brought both capital and innovation to the African continent, leading to numerous groundbreaking transactions and advisory work.”

In 2010-2011, Renaissance Capital completed 25 transactions in 16 African countries, valued at more than $3bn, including:

  • The first ($580mn) Hong Kong listing of a significant natural resources asset in Africa: South Africa’s Taung Gold.
  • The $750mn sale of controlling stakes in the assets of Zimbabwe Iron & Steel Company Limited (ZISCO) and Buchwa Iron Mining Company (BIMCO) from the Government of Zimbabwe to Essar Group, a major Indian multinational engineering conglomerate.
  • Rwanda’s first IPO: a $29.5 mn placement  for Brasseries et Limonaderies du Rwanda
  • Rwanda’s second IPO: a $62.6mn share placement for the country’s largest bank, Bank of Kigali.
  • The listing on the Lusaka Stock Exchange of First Quantum Minerals Ltd. – the first depositary receipts ever listed in Africa.
  • The first capital raising and London (AIM) listing for leading Zambian food and consumer goods company, Zambeef.
  • A $28mn follow-on offering for Feronia Inc. on the Toronto Stock Exchange.
  • The take-private and delisting of Nigerian Bottling Company Plc, the bottler of Coca-Cola in Nigeria and the largest bottler of non-alcoholic beverages in the country.
  • The sale of 100% of the share capital of Global Alliance Seguros, the third largest insurance company in Mozambique, to South African lender ABSA Group Ltd.
  • The IPO of Elemental Minerals Ltd. (Elemental), a potash exploration company operating in the Republic of Congo, on the Toronto Stock Exchange, raising a total of CAD53.5mn.

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