Standard Bank helps Novus Holdings secure strategic funding
Standard Bank has provided a bespoke funding solution to South Africa’s Novus Holdings.
By Standard Bank
Standard Bank has provided a bespoke funding solution to South Africa’s Novus Holdings, enabling the group to unlock future-forward opportunities across key sectors. This funding will enable a new phase of growth for Novus Holdings which, with strong foundation in the print industry, has evolved into a dynamic investment holding company that focuses on the education sector and related businesses.
The company’s current focus is on repositioning in order to achieve long-term sustainability and impact through targeted acquisitions and streamlined operations. This transformation required a corporate finance solution that would enable immediate liquidity and long-term flexibility.
Standard Bank answered this need as joint mandated lead arranger and bookrunner through a tailored strategic growth funding package that comprised a revolving credit facility and a medium-term loan. This structure offers Novus Holdings the financial agility needed to attain their acquisition-led growth opportunities, as well as deep sectoral insight and client-centric support to enable seamless transactions. Now that Novus Holdings has access to the right funding mechanisms, it can affect impact with scale in sectors that are foundational to national development.
This deal reflects the commitment that Standard Bank has towards enabling growth for high-potential corporates through strategic, sector-aligned funding. Leveraging expertise in corporate finance and customised funding structures allows the bank to continue helping clients such as Novus Holdings to navigate complexity, unlock opportunity and thrive.
Solid example of how tailored financing structures can enable strategic pivots. The revolving credit facility plus term loan combo gives Novus the flexiblity to move fast on aquisitions while managing cashflow constraints. I've seen similar setups work well for companies transitioning between sectors, especially when timing on deals is unpredictable.