Standard Investment Bank (SIB) and a top law firm have been ranked among Africa’s top dealmakers on the back of the Sh35 billion takeover of KenolKobil.
The investment bank was placed fifth among Africa’s financial advisers by Deal Makers Africa while law firm Bowmans (formerly Coulson Harney Advocates) emerged eighth on the continent.
Deal Makers Africa’s ranking excluded South Africa.
“The year was more vibrant for private equity deals in East Africa compared to 2017,” noted Deal Makers Africa, saying Kenya reported deals worth $814 million (Sh81.4 billion).
SIB was ranked top in Kenya followed by Magister advisers, RSM Consulting, CBA Capital and Faida Securities.
Its most prominent deal is the Sh35 billion buyout of KenolKobil by the French firm, Rubis.
The deal was also handled by Bowmans, which has since its formation in 2008 risen to the top of the country’s legal scene.
Bowmans, a breakaway of Kaplan & Stratton, advised on deals in excess of $762 million (Sh76.2 billion) last year.