Standard Bank Supports Infinite Partners’ Acquisition Of E4
Standard Bank Supports Infinite Partners’ Acquisition Of E4. Standard Bank is proud to announce that it has supported private equity fund manager Infinite Partners in its acquisition of technology company e4. Infinite Partners was established in 2022 following its spin-out from Ethos Private Equity and is founded on a bedrock of ethical, sustainable investing for good. This acquisition is the first investment under its newly formed structure.
The transaction demonstrates the capability of the Standard Bank Structured Capital team to provide a holistic solution to clients across various elements of the capital structure. The bank acted in its capacity as mandated lead arranger and sole funder to provide acquisition financing and an equity-linked instrument to allow the Infinite Partners’ founders and management team to increase their economic participation in the underlying transaction. This was an innovatively structured financing solution that distinguished Standard Bank’s offering from that of its competitors.
Standard Bank will also continue providing working capital and transactional banking services to e4. Following this transaction, e4 will now be controlled and managed by a black fund manager who together with the current executive team will hold a direct and meaningful equity stake into e4 alongside its fund investors. e4 is a leading provider of software as a service (SaaS) to financial institutions, focused on the digitisation of processes and proptech solutions for its customers. Its products include the enablement of banks and conveyancers to digitise the bond origination, lending and conveyance process in a single managed workflow.
This innovative equity funding structure from Standard Bank will provide e4 shareholders with a platform to expand its services into the UK property and banking market and ultimately to globalise technology that was established and developed on the African continent.
