Cliffe Dekker acted for Anooraq Resources in respect of a Black Economic Empowerment transaction with Anglo Platinum, which was named ‘Deal of the Year’ at the annual DealMakers awards announced on 27 February 2008. The transaction entailed, among other things, the acquisition by Anooraq of 51% of Lebowa Platinum Mines and a controlling stake in the Ga-Phasha Development Project. The deal, done in September 2007, was worth R7,6 billion and gave black investors control over South Africa’s third and fifth-largest platinum mining houses at a discount of at least R3,2 billion.
Hofmeyr was Legal Adviser to Mvela Holdings in this Deal of the Year.
Cliffe Dekker and Hofmeyr have featured strongly in DealMakers down the years:
Cliffe Dekker was legal adviser to Annoraq Resources on the Deal of the Year.
Hofmeyr was legal adviser to Mvela Holdings in the transaction.
Cliffe Dekker was ranked 3rd by M&A Deal Flow (32 deals).
Cliffe Dekker was lead legal adviser, to Waco, in the Private Equity Deal of the Year;
Legal Advisers - Hofmeyr ranked 1st for M&A transactions and Cliffe Dekker ranked 3rd by M&A Deal Flow (34 deals).
Cliffe Dekker was legal adviser to Lonmin on the Deal of the Year and 4th by Deal Flow (38 deals). Hofmeyr was 4th by Deal Value (R45.77 billion) and 5th by Deal Flow.
Legal adviser to Harmony on the Deal of the Year; ranked 1st by Deal Value and 3rd by Deal Flow (48 deals).