RMB has been a key banking partner to Tiger Brands for several years. Through ongoing engagement, RMB has developed a deep understanding of Tiger Brands’ business requirements, providing tailored solutions to support the group’s growth and strategic ambitions. A key element of our support has been to work with Tiger Brands on the development and initial implementation of its revised strategy to simplify and refocus its portfolio to drive shareholder value.
Challenge
Over the past year, RMB assisted Tiger Brands in assessing its portfolio and divesting of several businesses to align it with areas where it has key competitive advantages and a right to win.
Solution
As part of this overall strategy, RMB was appointed as financial adviser on the sale of Tiger Brands’ Baby Wellbeing division. RMB also supported Tiger Brands on the disposal of certain non-core brands within the home and personal care business.
With RMB acting as financial adviser, Tiger Brands also announced the sale of its 24.38% equity interest in Empresas Carozzi in Chile for a total consideration of USD240 million. The disposal enables Tiger Brands to crystalise the value of its investment in Carozzi at an attractive valuation and marks another milestone in the simplification of Tiger Brands’ portfolio.
Results and benefits
These strategic sales are aligned with Tiger Brands’ ambition of creating a focused portfolio and positioning themselves for an exciting new chapter in their business. Tiger Brands benefitted from RMB’s support, sector insights and network to realise the disposal of certain businesses and their ultimate sale.
Looking to the future, RMB remains committed to ensuring Tiger Brands operates as a smooth-running business. RMB’s dedicated teams closely manage their working capital requirements, offering agile and responsive banking solutions to optimise cash flow and support seamless financial operations.
We are proud to support Tiger Brands on their journey and are excited about the road ahead as they continue to deliver sustainable, profitable growth and enduring value to consumers.
| Client |
Tiger Brands |
| Sector |
FMCG
|
| Capabilities |
Corporate Finance |
| RMB’s role |
Financial adviser |
| Country |
South Africa |
