Boundary Financing Limited

Formerly the International Bank of Southern Africa, Boundary Financing Limited was purchased by Magus Specialised Funds in 2003 from BNP Paribas and Dresdner Bank.

The two major European banks were exiting South Africa and Magus Specialised Funds was able to structure, and raise funding for, the purchase of the bank. The structuring of the purchase of the bank was complex, with issues such as regulatory and tax considerations, and in depth corporate credit analysis was required on the banking book.