Standard Bank supports Premier Group’s listing on the JSE
Standard Bank has supported South African food producer Premier Group in its listing on the Johannesburg Stock Exchange (JSE). This transaction comes after a near five-year absence of IPO activity on the JSE and raised a total of ZAR3.5 billion (c. $193 million) for Premier shareholder Brait PLC.
Premier Group owns a number of successful, proudly South African brands such as Blue Ribbon bread, Iwisa maize and Snowflake flour. The listing will support Premier’s efforts to drive its organic and acquisitive growth strategy and strengthen its market position across all business areas.
Standard Bank acted as Joint Global Coordinator on the IPO and advised Brait and Premier on the structuring and positioning of Premier with public market investors to deliver a successful outcome for both shareholder and issuer, creating a platform from which to support the company’s growth ambitions into the future.
This transaction is testament to the quality of Standard Bank’s bespoke advisory capabilities and bolsters our strong track record of leadership in the local IPO market. We are honoured to have supported our key clients, Brait and Premier, with a transformative transaction, all whilst navigating a challenging market backdrop.
Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, South Africa, it is listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.