Successful sale of a minority equity stake of 6% to Orix Corporation.
Orix Corporation is a long term global strategic partner with significant financial expertise and has the resources and capability to support Acleda in its regional expansion in a sustainable and responsible manner.
With this transaction, Acleda continues to have capital to grow and retain its poverty reduction mission.
Managed and structured the equity sale process, including advising the client on non-financial criteria for selecting bidders, preparing marketing materials, managing the due diligence and bidding processes, supporting negotiations and coordinating with legal counsel to ensure completion of all regulatory requirements.
Provided advice on a capital rights issue which was announced during the sale process, including analysing the pros and cons, providing a scenario analysis and the outcomes for Triodos, both as a remaining shareholder and as a seller.
Tapped our network of investors to bring interested parties to the table.
Assisted in managing interactions amongst all stakeholders including investors, shareholders, board members, senior managers, regulators and third parties.
Due to the characteristics of Acleda (large, mature and diversified bank with a strong social mission and microfinance activity), Enclude Capital was able to to address a different set of prospective investors and develop a stronger relationship with those that were already known to Enclude.