Standard Chartered claims Financial Adviser of the Year for sub-Saharan Africa
London, 12 December 2012
The Financial Times and mergermarket this evening named the top M&A dealmakers in Europe at its annual awards ceremony. Hosted at The Savoy in London, this renowned industry event awarded the top dealmakers from the past year across Europe, the Middle East and Africa.
The Financial Adviser of the Year for sub-Saharan Africa went to Standard Chartered. Prominent deal mandates for the emerging markets bank this year included advising on the largest deal of the judging period, the sale of a 40% stake in De Beers to Anglo American for EUR3.6bn. Cross-border Asian deals were also of note, including the first African investment of China Investment Corporation into industrial conglomerate Shanduka, and as sole adviser to Cove Energy during its sale to PTT.
Axel Smeulders, Regional Head M&A, Standard Chartered Africa commented: "Standard Chartered's M&A expertise is integral to the Bank's wholesale banking strategy in Africa, assisting African and foreign institutions to implement sustainable and successful expansion in Africa as well as internationally. The Bank's extensive network and history of 150 years on the continent provides us with a differentiated advantage in understanding Africa's diverse economies, investment requirements and opportunities for growth. We are proud to win this award; a reputable and valuable recognition of our M&A capabilities and expertise in Africa."
Peter Cromberge, the South Africa Bureau Chief for mergermarket comments: "The prominence of African dealmakers in the global M&A landscape points to continued investor interest in the continent as well as the growing sophistication of its advisory community."
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