According to Euromoney, Chapel Hill Denham is Nigeria’s top securities house this year. Chapel Hill Denham won the 2024 Securities Houses Award due to its exceptional performance in investment banking and securities trading.
One of the most well-known and respected names in banking and finance is Euromoney. It offers distinctive perspectives on the organizations and individuals that influence banking and propel international markets.
“The firm maintained a steady flow of deals in its brokerage business. It was a stockbroker for a N26 billion ($16.3 million) AT1 bond sale by FCMB Group, a leading financial services group in Nigeria, which was only the second domestic currency AT1 deal in the country,” Euromoney said in recent note on the 2024 securities houses award.
It also noted that “in infrastructure financing, Chapel Hill Denham assisted with the listing of the Nigeria Infrastructure Debt Fund, in a deal valued at about N26.81 billion. The listing was a landmark as it not only reinforced the firm’s prominence in the infrastructure segment but also diversified the sector and industry groups on the Nigerian Exchange (NGX)”.
“Chapel Hill Denham was also active in M&A, with kudos deserved for handling the dissolution of GlaxoSmithKline Consumer Nigeria. The transaction involved returning capital to shareholders and delisting the company, a process fraught with complexity due to GSK’s long-standing presence in the country”, Euromoney stated further.
