The Cygnum Capital Investment Banking team has supported CrossBoundary Energy in securing a US$140M senior debt commitment from the Standard Bank Group of South Africa to scale their renewable energy portfolio across Africa.
The transaction, the first tranche of a broader mandate with Standard Bank, will serve CBE's Commercial and Industrial (C&I) clients across Africa and help support business access to affordable and reliable power, one of the largest impediments to business growth in the African market.
The ground-breaking transaction highlights the potential role of commercial funders in supporting the adoption of renewable energy solutions by businesses across Africa. Cygnum Capital acted as exclusive financial adviser to the transaction.