Investment Banking

At CardinalStone’s Investment Banking Division (IBD), we seek to provide customized solutions to our clients based on our understanding of their strategic objectives. Our focus is to grow with our clients, build relationships based on trust and show developed competence to support businesses at different points in their lifecycles including navigating cyclical downturns.

IBD is comprised of the Capital Markets (Debt and Equity) and Financial Advisory sub-departments which caters to clients across diverse sectors. We also provide expert advice to both large and mid-sized companies as well as government agencies both locally and across the West African region.

We apply ingenuity and deep market knowledge in exploring the full spectrum of financing alternatives in raising capital for our clients. Our investor relationships cover the full spectrum of the private capital markets including private equity funds, pension funds, insurers, strategic investors, fund of funds, investment trusts, sovereign wealth funds and family offices.

We aim to be a long term, trusted adviser and financier to our clients.

We run an independent, conflict free structure and have a team of highly trained professionals with exposure to best-in-class transaction structuring and execution experience. We continue to leverage our resources and relationships to support businesses by providing bespoke service offerings in Financial Advisory and Capital Markets

Service Offerings

We deliver tailored professional advice to clients on strategic transactions through the application of our deep market knowledge and in-depth industry expertise to meet their short to long term strategic objectives. Our value proposition is to advise and support corporates looking to explore growth opportunities or reposition their operations for better value creation.
Our financial advisory capabilities include:

  • Mergers and Acquisitions (M&A) advisory – sell side and buy side
  • Strategic Sales and Divestitures
  • Corporate and external restructurings
  • Spin offs and demergers
  • Fairness opinions
  • Joint ventures and strategic alliances
  • Recapitalization
  • Balance sheet optimization

We assist clients in accessing financing from both the debt and equity capital markets. We advise our clients on the financing options available to them, valuation of their securities, the performance of the market and how that impacts their proposed offerings as well as guide them through the entire regulatory approval process to successful transaction close. We also help in managing their communication with the market both immediately after a transaction and subsequently.
We are supported by a research team with deep sector expertise and an investment advisory team with access to a large pool of retail, high net worth individuals and institutional investors.
Our capital market service offerings include:

  • Initial Public Offerings (IPO);
  • Rights Issues
  • Secondary Offerings
  • Bond Issues
  • Commercial Papers
Contact Us

Transactions

Financial Adviser  to

 

On its Divestment of its 34.4% equity stake from Sundry Markets

2022

Lead Issuing House to

 

On its  ₦5 billion Sukuk Al-Ijarah Note

2022

Lead Arranger to

 

On its ₦3.01 billion Commercial Paper Issue

2022

Joint Issuing House  to

 

On its ₦34.5 billion Bond Issue

2022

Co-Arranger to

 

On its  ₦3.0 billion Commercial Paper Issue

2022

Joint Issuing House to

 

On its ₦5.6 billion Capital Raising Exercise

2022

Co-Arranger to

 

On its ₦16.1 billion and N3.8 Billion Commercial Paper Issue

2022 & 2021

Joint Issuing House  to

 

On its ₦10 billion Bond Issue

2022

Joint Issuing House  to

 

On its ₦40.09 billion Series 1 Bond Issue

2022

Joint Issuing House to

 

 

On its ₦6.3 billion Green Bond Issue

2021

Co-Arranger House to

 

 

On its ₦4.0 billion and N2.15 billion Commercial Paper Issue

2021

Joint Issuing House to

 

 

On its ₦137 billion Bond Issue

2021

Financial Adviser to

 

 

On its US$4.4 Million Equity Capital Raise

2021

Financial Adviser  to

 

On the acquisition of a majority equity stake in Lagoon Group of Hospitals.

2021

Financial Adviser to

 

On the N5.3 billion Divestment of its 100% equity stake to Verod

2020

Financial Adviser and Issuing House to

a Top 3 Pharmaceutical Manufacturer

On its N4.35 Billion Capital Raising Exercise Via a Rights Issue and Bond Issue

2019

Exclusive Financial Adviser to

a Leading Healthcare Group

On its
Scheme of Merger via an External Restructuring of four (4) entities

2019

Financial Adviser to

a top indigenous private equity firm

On its 100% Divestment from a leading Multi-million dollar PVC packaging manufacturer

2018

Financial Adviser and Issuing House to

a Top Insurance Company

On its
Acquisition of 29.9% equity stake by AFIG Funds

2018

Exclusive Financial Adviser to

a leading healthcare retailer in West Africa

On its US$ 18 Million Capital raising exercise Via Private Placement

2018

Joint Issuing House to

a Top Tier II Bank

On its N32.9 Billion Capital Raising Exercise Via Bond Issue

2018

Joint Financial Adviser to the Shareholders of

a leading Discount House

On the Sale of its shares with an Enterprise Value of $100 million

2014

Joint Issuing House to

a Top Tier II Bank

On its N19.7 Billion Capital Raising Exercise Via Private Placement

2014

Exclusive Financial Adviser to

a major financial services provider

Divestment of its 100% Equity Shareholding in Finbank Capital Limited, Finbank Securitization Asset Mgt Ltd, Arab Gambian Islamic Bank; and City Securities (Registrars) Limited

2014