Select Deal Experience

Debt Funding

General Corporate Finance

  • Vox Telecommunications (Pty) Ltd in connection with multiple syndicated loan facilities.
  • Housing Investment Partners (Pty) Limited in respect of four trusts set up to aggregate mortgage loans made to the middle gap market, the capital and debt funding arrangements in respect of each, and the refinancing of each.
  • The Bidvest Group plc in respect of their debut $800,000,000 bond issue, the financing of the acquisition of the Noonan group of companies in Northern Ireland, the financing of the acquisition of a £500 million healthcare group in the United Kingdom and refinancings thereof.

Project Finance

  • Local company (confidential) in respect of a start up rooftop solar business.
  • Caterpillar Financial Services UK Ltd on the project financing of the Cadoxton gas-fired peaking power plant in Cardiff, Wales.
  • Ngodwana biomass project, Zeerust solar photovoltaic project and the Droogfontein II solar PV projects, Ilangalethu concentrated solar power project in the Northern Cape (“Africa Solar Energy Deal of the Year” by Project Finance International, 2015), Tsitsikamma Community Wind Farm in the Eastern Cape, 50 MW Bokpoort concentrated solar power project in the Northern Cape (“Africa Solar Energy Deal of the Year” by Project Finance International, 2014 and “Best Renewable Energy Project of the Year,” 2016) all under the REIPPP Programme.
  • Marubeni Corporation BV and Korea Electric Power Corporation on the first round of the South African Government’s Coal Baseload Programme.
  • Investec Bank Limited in respect of the ECIC-backed project financing of the Kuvaninga gas-fired power project in Mozambique.

Development Finance

  • African Development Bank in respect of the financing of the upgrade of the Hydro Cahora Bassa and its ZAR2 billion subscription for green notes and on the funding of SA Taxi Finance.
  • IFC, Proparco, DEG and DFC on €600 million in loans advanced to Aspen Pharmacare.
  • Consortium of international banks, with Standard Chartered Bank as the Agent, in respect of the MIGA guaranteed loan to be made available to the Eastern and Southern African Trade and Development Bank, to be utilized for COVID-19 relief financing.
  • Development Bank of Southern Africa on the funding of BitPesa, a fintech company which facilitates local currency transfers between African states and a sovereign loan to the Republic of Angola, for the upgrade of the Port of Namibe.
  • Development Bank of Southern Africa on a sovereign loan to the Republic of Angola, for the upgrade of the Port of Namibe.

Preference Share Funding

  • Bidvest Industrial Holdings (Pty) Limited in respect of preference share issues.
  • Shareholders of ACWA Power Solafrica Bokpoort CSP Power Plant (RF) Proprietary Limited on the preference share funding of their equity investments.
  • Lereko Metier Renewable Fund on their preference share financing of the BEE shareholders in the Mainstream Wind Farm Projects (Noupoort, Khobab and Loeriesfontein) under Round 3 of the REIPPP Programme.
  • FirstRand Bank Limited (Rand Merchant Bank) in the preference share funding of the Pioneer Foods BEE transaction.
  • Sanlam Capital Markets and Nedbank Limited in the preference share funding of the disposal of Spring Lights Gas by Sasol Gas Holdings.

Restructuring

  • Bounty Brands Group in the financial and corporate restructuring of the group, which spans SA, the UK, Poland and Malta.
  • GoldenTree Asset Managers, the shareholders of Peermont, a casino and hotel group, in the restructure of its debt.
  • Greenpoint Capital (Pty) Limited and Blantye Capital Limited in the acquisition of the shareholding and funding of Ster-Kinekor Theatres, taking it out of business rescue.
  • Representation of China Export-Import Bank on the restructuring of its facilities to ASA Minerals (in business rescue) and issues regarding security.

Equity Investments

  • IFC in respect of various joint venture agreements in the telecommunications sector.
  • Representation of the sellers of equity investments in various renewable energy projects.
  • Offshore funds in respect of various local equity shares acquisitions and disposal (confidential).
  • Onshore sellers of equity shares to offshore investors (confidential).