Shoprite

Raising Capital for a Landmark Transaction
in South Africa

Shoprite, the largest food retailer in South Africa, turned to us in March of last year to help raise more than $1 billion in capital to improve the structure and efficiency of its balance sheet, enhance working capital management, and fuel the company’s organic growth. The transaction — which had strong participation from U.S. and U.K. investors — marks the largest capital raise by a domestically operated company in South Africa and the first equity capital markets transaction in South Africa in more than two years to exceed $1 billion.