RMB facilitated end-to-end sale of labelling solutions provider, ITL.

The challenge

In the proposed sale of International Trimmings and Labels (ITL) to a consortium led by Draper Gain Investors Limited, ITL required the expert advice and services of a financial institution with local and international expertise in nuanced sale transactions.

The RMB solution

Initially mandated as transaction advisers, RMB also served as the sole arrangers, underwriters and funders for the $190-million sale transaction. DG purchased ITL through two separate holding companies, one in the United Kingdom and the other in South Africa.

RMB also saw an opportunity to fulfil more than a partnership role with ITL. After gaining approval, RMB converted $15-million of shareholder funding into direct equity into ITL.

Proven results

Not only did RMB successfully guide the sale, but it was instrumental in advising, funding across the capital structure and facilitating the transaction.

This transaction demonstrated RMB’s strong ability to collaborate across different capabilities, and across different regions, including London, Johannesburg and Cape Town. What’s more, RMB was able to align itself with key strategic clients as shareholders in a highly attractive investment opportunity.