Rand Merchant Bank Nigeria has won two awards within the M&A Category at the Association of Issuing Houses of Nigeria Awards.
Association of Issuing Houses of Nigeria (AIHN) is the umbrella body for issuing houses and investment banks in Nigeria.
Speaking at the awards ceremony – an annual event designed to recognise and reward market participants who have contributed to the growth of the industry, the Chief Executive Officer, RMB Nigeria & Regional Head West Africa, Michael Larbie, said, “We are proud to have such a strong presence in the Merger & Acquisition category, winning two highly regarded awards. This is a testament to our reputation as the bank of choice for our M&A clients, and the expertise we have in structuring deals for our clients that are value accretive to all parties. These awards illustrate the great strides we continue to make in providing our clients with best-in-class financial services.”
A statement said RMB Nigeria won the M& A Deal of the Year 2021 for Dolidol’s 100 per cent acquisition of Mouka Limited, a Nigerian manufacturer of mattresses and pillows from Actis and the Moukarim family.
In addition to the M & A Deal of the Year, RMB Nigeria won the award for the Best M&A House.
This was in recognition of a successful year in which RMB Nigeria concluded a number of landmark transactions including the demutualisation of The Nigerian Exchange Group Plc and subsequent listing on The Nigerian Exchange, the merger of BUA Foods’ five food businesses and subsequent listing on The Nigerian Exchange, the Initial Public Offering of IHS Towers on the New York Stock Exchange, MTN Group’s offer Sale in MTN Nigeria Plc, First Bank of Nigeria divestment of its minority shareholding in Airtel Nigeria Limited, and the share reconstruction of AXA Mandard Insurance Limited
The Head, Investment Banking Africa Regions, Rand Merchant Bank,Chidi Iwuchukwu, further added