Standard Bank is advising Metrofile on its acquisition by an international consortium
Standard Bank is acting as sole financial advisor and JSE transaction sponsor to Metrofile.
By Standard Bank
Standard Bank is proud to announce that it is advising JSE-listed Metrofile on its acquisition by an international consortium comprising Mazovia Capital and WndrCo LLC.
Metrofile is a leader in information governance and management, with a four-decade track record of delivering high-quality, specialised solutions. It provides a full spectrum of integrated information management services, supporting organisations of all sizes and sectors to structure, manage and access their information in any format, from any location, at any time.
Its offerings span the entire information lifecycle, from physical records storage to advanced digital transformation solutions. These include cloud backup, disaster recovery, private cloud hosting and business process optimisation through electronic information management systems. Metrofile also ensures that clients meet all legislative and regulatory requirements, related to the safeguarding of their information.
Standard Bank previously advised Metrofile on a number of approaches that Metrofile received over the years and this transaction is a continuation of our long-term advisory relationship with Metrofile.
Standard Bank is acting as sole financial advisor and JSE transaction sponsor to Metrofile, and has played a crucial role in evaluating, structuring and executing this landmark cross-border transaction.
As one of the highest premiums paid in South Africa in over two decades, this transaction represents a unique opportunity for Metrofile shareholders, including Metrofile’s long-term B-BBEE shareholders, to realise significant value. Furthermore, Metrofile’s employees, customers and suppliers will continue to benefit from Metrofile’s digital and geographic expansion across the African continent and the Middle East.
Additionally, Standard Bank provided a comprehensive independent financing solution to the consortium, including acquisition financing and the cash confirmation required by the Takeover Regulatory Panel.
As Africa’s largest bank, Standard Bank is honoured to have been provided with this opportunity to support Metrofile for this important and transformative transaction and we look forward to continuing to partner with Metrofile and its new ownership team for its next phase of growth.