TBL Capital Secures Major Corporate Finance Deal

TBL Capital Secures Major Corporate Finance Deal

The Caban Group of Companies, through TBL Capital (Pty) Ltd, a Caban Service Provider, has secured its largest Corporate Finance deal to date worth R2 million in fees. Fashion Apparel (a clothing manufacturer supplying all the major retailers) has been a client of TBL Accounting for over a year. It has now commissioned TBL Capital to do the following:

 

  • Raise R15 million through IDC for additional equipment and working capital for the expansion of the factory. This was already applied in January and indications are that it will be granted. This will create additional 300 new jobs;
  • The sale of 26,1% to a BBBEE company. This will be done through one of the companies created through the Caban BBBEE Initiative;
  • The listing of Fashion Apparel onto the AltX sector of the Johannesburg Stock Exchange.

 

The fees are being paid by the issue of 10% shareholding of Fashion Apparel to TBL Capital, a percentage of monies raised and a substantial monthly retainer.  This will have a substantial impact on Caban’s profits for February 2015, especially after the listing of Fashion Apparel.

 

For further information on TBL Capital visit www.tblcapital.co.za or email dave@tblcapital.co.za.

Leave a Reply