- Significant Matters
We are consistent market leaders when it comes to understanding and keeping abreast of developments in the South African capital markets legal, regulatory, financial and corporate governance framework.
We advise on initial public offerings (IPOs), rights offers, inward listings and secondary offerings (including private placements). Our services include drafting prospectuses, pre-listing statements and circulars; drafting and negotiating underwriting/ placement and related agreements; completing legal due diligences; advising on regulatory and corporate government matters; liaising with the JSE and other regulators; and providing required legal opinions.
In recent years we have advised local and international bookrunners, underwriters and issuer clients on some of the largest and most high profile, global equity capital market transactions with a South African or African connection. Our experience covers all significant regulated industries including consumer goods, insurance, mining, property and retail.
According to Chambers and Partners, we are “highly regarded… on both equity and debt transactions” and have a “strong track record acting on inward listings and handling secured and high-yield bond mandates, as well as secondary rights offers”. In addition, “They’re very good at understanding their role in international transactions, talking the language of international companies and managing the process of the banks”.
We have excellent relationships with key government agencies and regulatory authorities including the competition authorities, the JSE, the Takeover Regulatory Panel, the Financial Surveillance Department of the South African Reserve Bank, and other government agencies. This is of particular value to our clients because it enables us to assist them to navigate complex regulatory requirements which may be associated with equity capital markets transactions.
Our clients include issuers, arrangers, dealers, exchange sponsors and underwriters.
- AEP Energy Africa on its listing on the AltX
- Royal Bafokeng’s acquisition of mining infrastructure and assets
- PPC’s proposed merger negotiations
- Brainworks primary inward listing on the JSE
- Harmony Gold’s acquisition of mines and related infrastructure
- Accelerated bookbuild placement of Dis-chem shares
- The Foshini Group’s accelerated bookbuild
- Funding of bridge facility to Sibanye Gold to acquire Stillwater Mining Company
- Alexander Forbes
- Underwriters and bookrunners
- Alexander Forbes