RECENT M&A MATTERS INCLUDE ADVISING:

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Recent M&A matters include advising:

  • Linde plc, a leading global industrial gases and engineering company, on the take private of its JSE and Namibian Stock Exchange listed subsidiary Afrox Ltd through scheme of arrangement. Afrox is an industrial gas, welding products and LPG business operating in sub-Saharan Africa.
  • Mr Price Group Ltd, the mid-range clothing, sports goods and homeware retail group and JSE Top 40 company, on the acquisition of the business and assets of Power Fashion, a value fashion retailer with some 170 stores across Southern Africa, from family-owned Otto Brothers Distributors (Pty) Ltd. 
  • The lender and investor consortium of Investec, Standard Chartered, Nedbank and Ninety One in their capacities as existing lenders as well as new shareholders in  relation to the transfer of ownership, and restructuring of, the Tsebo group. The transaction ran across more than 15 jurisdictions in sub-Saharan Africa and contributed to saving over 30 000 jobs.