Nedbank CIB is proud to announce its role as the corporate adviser to the Frasers Group deal

 

Nedbank Corporate and Investment Banking (CIB) supports Frasers Group in one of the year’s largest mergers and acquisitions (M&A) deals, driving foreign investment and growth in South Africa’s retail sector.

 

Nedbank CIB is proud to announce its role as the corporate adviser to Frasers Group in one of South Africa’s largest retail sector M&A deals this year. 

The UK-based retailer has acquired Holdsport, the parent company of South African retail giants, Sportsman's Warehouse, Outdoor Warehouse and Shelflife. This strategic partnership introduces significant foreign capital into the South African retail landscape, signalling renewed investor interest in the market.

 

Navigating the South African market: Expertise in M&A

 

Frasers Group selected Nedbank CIB for our expertise in the consumer market and implementing complex M&A transactions. 

 

'Our team’s role in advising Frasers Group on the acquisition of Holdsport underscores Nedbank CIB’s commitment to connecting international investors with strategic local opportunities that drive meaningful growth.'

Brad Webber, Investment Banking Originator at Nedbank CIB

 

Strengthening South Africa’s economic landscape

 

The transaction comes at a crucial time, as South Africa is experiencing a limited flow of foreign capital into its retail sector. 

Frasers Group’s acquisition represents not only one of the largest international investments this year but also signals renewed optimism following the establishment of the Government of National Unity. By investing in a proudly South African business, Frasers Group reinforces confidence in the local economy and boosts the retail sector.

 

'This acquisition highlights the depth of our cross-border expertise, aligning Frasers Group’s expansion ambitions within South Africa’s evolving retail landscape. We’re proud to support a truly global retail player.'

Warrick Haskell, Principal of Corporate Finance at Nedbank CIB

 

'This acquisition is a prime example of how foreign investment can drive growth in our markets. For this transaction, we tailored our strategy to meet Frasers Group’s objectives, while fulfilling Old Mutual’s exit requirements. It’s a deal that introduces new capital and strengthens a key South African brand,' explains Webber.

 

A collaborative effort in cross-border expansion

 

The acquisition aligns with Frasers Group’s vision for expansion into new territories, underscoring Nedbank CIB’s strength in cross-border transactions that meet client objectives and contribute to economic development. 

 

'Nedbank CIB’s understanding of the local market and its clear guidance throughout this process were crucial to our success. We are optimistic about using the Holdsport platform for further growth in the region.'

James France, Chief Acquisitions Officer at Frasers Group

 

Conclusion

 

This transaction underscores Nedbank CIB’s commitment to fostering international investment in South Africa, bridging global opportunities with local growth. By connecting Frasers Group with South Africa’s vibrant retail landscape, Nedbank CIB continues to drive value for clients while reinforcing the importance of foreign investment in the country’s economic resilience.
 

Nedbank CIB offers a complete offering of Corporate Finance services that can be found here.

Nedbank CIB also has a wealth of expertise, extending beyond consumer goods and services to include agriculture, diversified industrials and financial services, healthcare, infrastructure, and mining resources – among others. 

Explore Nedbank CIB’s other sector expertise here.