Mergers and Acquisitions

Mergers and Acquisitions

As clients look for assets and an entry into new markets, we are able to advise on:

  • Public and private mergers and acquisitions
  • Joint ventures and strategic alliances
  • Divestitures and corporate reorganisations
  • Post-acquisition integration

Major publishable transactions

  • Acting for Southern Point Resources in connection with the subscription of up to 29,9% of the issued share capital of Bushveld Minerals, a company listed on the LSE. Through the investment, and issuing of new equity, Southern Point Resources gained a stake of 50% in Bushveld Minerals’ subsidiary, which owns the Vanchem vanadium plant. Southern Point Resources will also acquire the vanadium producer’s 64% equity interest in a subsidiary that owns the Mokopane vanadium project located in the Mokopane District of Limpopo Province in South Africa.
  • Acted for Impala Platinum in its public acquisition of all of the shares in Royal Bafokeng Platinum, a company listed on the Johannesburg Stock Exchange (JSE). The transaction entailed a voluntary offer that then became a mandatory offer, followed by a compulsory squeeze out of minorities. This was a major transaction on the JSE and involved Northam Platinum intervening and a number of proceedings before the Takeover Regulation Panel.
  • Disposal by Impala Platinum Holdings Ltd of its 13% stake to a Black Economic Empowerment (BEE) Consortium (including Siyanda Resources 5%; Community Trust 4%; RBPlat ESOP 4% and 3% warehoused for entrepreneurs).
  • Acquisition of the shares in Dekra Automotive Proprietary Limited. Dekra Automotive Proprietary Limited offers vehicle testing services and this acquisition will diversify Bidvest Automotive Division’s service offering to its customers.
  • Advised Aveng Africa (Pty) Ltd in relation to the sale of Trident Steel as a going concern to Trident Steel Africa (Pty) Ltd, a company formed by a consortium of South African and USA private capital.
  • Acting for Aveng Africa (Pty) Ltd in relation to the sale of shares in Imvelo Concession Company (Pty) Ltd by Vulindela Concessions VI (Pty) Ltd and Vulindlela Holdings (Pty) Ltd.
  • Advising EFT Corporation Limited on an amended and restated share sale agreement with Ukheshe International Limited.
  • Acting for EnviroServ Waste Management in relation to their acquisition of all the shares in Vissershok.