Corporate & Commercial

The third largest M&A transaction in the history of South Africa

In a transaction worth a staggering R62,8 billion, Africa's largest furniture producer and one of the largest in Europe, Steinhoff International Holdings Limited acquired Africa's largest retailer, Pepkor Holdings.

Partner and National Practice Head of CDH's Corporate and Commercial team, Willem Jacobs together with fellow Partner, Yaniv Kleitman played the lead advisory role for our on-going client, Steinhoff International Holdings Limited. According to MergerMarket, the colossal deal earned the following titles: the third largest M&A transaction in the history of South Africa, the biggest M&A transaction in Africa and the Middle East in 2014. In a separate transaction for the same client, we advised in the R3.6 billion acquisition of minority shareholdings in JD Group Limited.

The Steinhoff transaction was nominated for Deal of the Year by DealMakers, South Africa's most respected M&A and corporate finance magazine and rankings authority. Even more impressive than this feat was the fact that CDH, with a total of four nominations, was the trusted legal adviser in half of all the deals nominated for M&A Deal of the Year. Our dominance in this prestigious list of deals serves as proof that our Corporate & Commercial practice handles the most complex and biggest transactions at the high end of the market.