RMBfacilitatesdemergerofAltronandbytesUK

 

The challenge

With a global footprint across Africa, Europe, Australia and the Middle East, Altron provides locally relevant, innovative and integrated ICT solutions to business, government and consumers. There were a number of significant parts to their business, including Bytes Technology Group – the largest Microsoft distributor in the UK. Altron was looking to unlock shareholder value, so decided to demerge Bytes to shareholders.

The RMB solution

RMB’s Corporate Finance Advisory team advised on the demerger and successfully listed Bytes Technology Group on the London Stock Exchange and the JSE. In addition, RMB performed a capital raise for Bytes and partnered with Numis in the UK for the IPO. Our on-the-ground presence there enabled us to facilitate a UK-SA corridor solution for the receiving of funds from the IPO solution, and the movement of the funds from the UK to South Africa.

Additionally, RMB provided a funding solution to Altron for the TRP guarantee, turned around in one week. The unique and efficient structuring of the transaction unlocked material value for the shareholders.

How did this enable the client?

The value of the Bytes Technology Group is now worth more than Altron, which has in turn increased the value for Altron shareholders.

Client	Altron
Sector	Telecommunication and Technology
Capabilities	Corporate finance advisory Funding Structuring Market Solutions
RMB's role	Adviser Funder Transaction sponsor Structurer Forex adviser
Country	SA, UK