RMB supports Tiger Brands to simplify its portfolio

RMB supports Tiger Brands to simplify its portfolio and drive shareholder value

RMB has been a key banking partner for Tiger Brands over several years. Through ongoing engagement, RMB has developed a deep understanding of Tiger Brands’ business requirements, providing tailored solutions to support the group’s growth and strategic ambitions. RMB is proud to have supported Tiger Brands with the development and initial implementation of its revised strategy to simplify and refocus its portfolio to drive shareholder value.

Matthew Eb from RMB Corporate Finance says, “As a key banking partner we are deeply vested in the success of Tiger Brands’ future which focuses on growing its core business. Over the past year, we have assisted Tiger Brands in assessing its portfolio and divesting of several businesses to align it with areas where it has key competitive advantages and a right to win.”

Tiger Brands has also announced the sale of its 24.38% equity interest in Empresas Carozzi in Chile for a total consideration of USD 240 million. RMB served as financial adviser to Tiger Brands on the transaction. The disposal provides an ability for Tiger Brands to crystalise the value of its investment in Carozzi at an attractive valuation and marks another milestone in the simplification of Tiger Brands’ portfolio.

In 2024, RMB was appointed as sole financial advisor in relation to the sale of Tiger Brands’ Baby Wellbeing division, which remains subject to regulatory approval. The RMB team also supported Tiger Brands on the disposal of certain non-core brands within the Home and Personal Care business.

Thushen Govender, Chief Financial Officer at Tiger Brands says, “These strategic sales are aligned with Tiger Brands’ ambition of creating a focused portfolio and positioning ourselves for an exciting new chapter in our business. We have benefitted from RMB’s support, with their sector insights and network playing a key role in our strategic decisions to progress the disposal of certain businesses and in their ultimate sale.”

Praxia Diogenidis, Lead Banker at RMB says, “Over the past five years, our partnership with Tiger Brands has grown substantially, evolving into a dynamic relationship that combines strategic foresight, collaboration and operational excellence. Tiger Brands’ revitalised strategic vision has enabled us to co-develop innovative financial solutions and unlock new business opportunities, ensuring that Tiger Brands remains agile and adaptable in an evolving market.”

On a day-to-day operational level, RMB remains committed to ensuring Tiger Brands operates as a smooth-running business. Our dedicated teams closely manage their working capital requirements, offering agile and responsive banking solutions to optimise cash flow and support seamless financial operations.

Diogenidis of RMB concludes, “We are proud to support Tiger Brands on their journey and are excited about the road ahead as they continue to deliver sustainable, profitable growth and enduring value to consumers.”

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