Standard Bank Supports Chemfin’s Acquisition Of 3 Companies
Standard Bank Supports Chemfin’s Acquisition Of 3 Companies. Standard Bank is proud to announce that it has provided Chemfin with a debt finance package to support their acquisition of CJP Chemicals, Ferro Performance Materials and NCS Resins.
This funding will also be used to support Chemfin’s investment into the companies, while spurring their continued growth and providing working capital for their day-to-day activities.
The bank acted in its capacity as joint mandated lead arranger and established itself as a key funding partner for Chemfin across both term and working capital requirements. The transaction demonstrates a belief in the management team and shareholders behind the business and affirms Standard Bank’s commitment to Chemfin and to contributing to the growth of local businesses.
The bank will continue to provide capital to drive the growth of these businesses moving forward in important industries that impact the daily lives of many South Africans. This transaction represents substantial inward investment into South Africa and the other Southern African geographies in which Chemfin operates.
Standard Bank looks forward to continuing to support Chemfin and its underlying businesses as it continues in its role as a market leader within the chemicals sector. Standard Bank Group (SBG) is a commercial bank headquartered in Johannesburg, South Africa. The bank was founded in 1862 and offers its customers transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management, and advisory services.
