FSDH Merchant Bank Limited

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FSDH Merchant Bank Limited - overview

Established

1993

Location

Lagos, -, Nigeria

Primary Industry

Financial Services

About

FSDH Merchant Bank Limited is a financial services institution in Nigeria, offering investment banking, corporate banking, and asset management services tailored to meet the needs of both individual and institutional clients. Founded in 1993 and headquartered in Lagos, Nigeria, FSDH Merchant Bank Limited operates as a financial services provider. The company has not undergone significant strategic pivots or changes in operations since its inception and does not have any known subsidiaries. Rilwan Belo-Osagie serves as the CEO of the bank.


FSDH Merchant Bank was part of the establishment of Nigeria’s first discount house in June 1992, evolving into the current institution focused on corporate banking and financial solutions. The most recent deal involving the bank was in June 2016 when Advanced Finance & Investment Group invested an undisclosed amount in FSDH Merchant Bank Limited, marking an important step in the bank's financial pathway. FSDH Group specializes in a diverse array of financial services, primarily targeting individual and institutional clients in Nigeria. Its offerings include investment solutions through FSDH Asset Management, which delivers tailored strategies such as Treasury Bill funds and Eurobonds.


FSDH Capital operates in investment banking and securities trading, functioning as a licensed Broker/Dealer and Issuing House to facilitate capital market activities for clients. FSDH Merchant Bank provides corporate banking and treasury services, originally established as Nigeria's first discount house. Additionally, Pensions Alliance Limited (PAL Pensions) manages retirement savings for over 550,000 individuals in Nigeria, addressing various retirement planning needs through its pension fund administration services. In the most recent fiscal year 2022, FSDH Group reported a revenue of USD 17.


44 mn and an EBITDA amounting to USD 10. 77 mn. The bank generates its revenue through various channels such as management fees from investment services, advisory fees from investment banking, interest on loans, and fees from corporate banking services. FSDH Merchant Bank Limited is focused on expanding its offerings and entering new markets.


Upcoming products include advanced investment solutions designed to cater to the evolving needs of its clientele, with specific launch dates yet to be announced. The company is also targeting expansion into other West African markets by 2025 to broaden its client base. Recent investments, particularly from the 2016 deal with Advanced Finance & Investment Group, are expected to be utilized to bolster marketing efforts and enhance the development of new financial products.


Current Investors

Advanced Finance & Investment Group

Primary Industry

Financial Services

Sub Industries

Investment Banking

Website

www.fsdhgroup.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

FSDH Merchant Bank Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedFSDH Merchant Bank Limited-

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