Cliffe Dekker Hofmeyr was ranked first by DealMakers in mergers and acquisitions (M&A) deal flow activity in the legal advisers' category for 2009. The DealMakers awards were announced in Johannesburg on Wednesday, 24 February 2010.
The law firm worked on 70 deals valued at R31,5bn, giving it a market share of more than 23% of the total number of M&A transactions recorded by DealMakers in 2009. Its nearest rival had 46 deals for the year.
Cliffe Dekker Hofmeyr also performed well in other categories, being ranked third by transaction flow for general corporate finance and fourth in the M&A deal value rankings.
According to Ian Hayes, National Head of the firm's Corporate and Commercial practice group, these successes underline an impressive first full year of operation since Cliffe Dekker and Hofmeyr, Herbstein and Gihwala merged in September 2008 to form Cliffe Dekker Hofmeyr.
Hayes is "delighted" by the coveted No 1 deal flow ranking. "Deal value is not an accurate measurement of performance for legal advisers. The deal value rankings are often distorted by a single transaction such as last years' failed MTN Bharti Airtel transaction which contributed almost 50% of the total deal value for 2009," Hayes said.
"The volume of transactions we advised on last year shows the strength of our client base and underscores our clients' confidence in the capabilities of our team of more than 60 qualified M&A lawyers. We advised on two deals shortlisted for the 2009 Deal of the Year - Metorex and Tiger Brands BEE transaction - and we have been the legal advisers to four of the transactions selected by DealMakers magazine as Deal of the Year over the last decade."
For more information, contact:
Ian Hayes, Director/National Practice Head: Corporate and Commercial, Cliffe Dekker Hofmeyr Inc.
Bev Wright, Head: Marketing and Communication, Cliffe Dekker Hofmeyr Inc.
T +27 (0)11 290 7167; M 082 454 7797; E firstname.lastname@example.org