Following our work on this cornerstone transaction for South Africa, we were also called to advise Coca-Cola in the US$260 million acquisition of various soft drinks brands and branding licences from SABMiller.
From a Corporate and Commercial perspective, Partners, Verushca Pillay and Lauren Wilson advised TCCC in a lead role capacity in the formation of Coca-Cola Beverages Africa. While CDH's National Practice Head of Competition, Chris Charter and Partner, Albert Aukema attained merger approval in multiple jurisdictions. Together, the work undertaken by this highly-skilled team of experts earned CDH a nomination for Deal of the Year by DealMakers, South Africa's most respected M&A and corporate finance magazine and rankings authority. Our work on this mandate demonstrates very clearly how ours is the go-to corporate/M&A capability for the world’s largest brands on their headline transactions in South Africa.
Following our work on this cornerstone transaction for South Africa, we were also called to advise Coca-Cola in the US$260 million acquisition of various soft drinks brands and branding licences from SABMiller.
CDH's Competition practice obtained merger approval in various jurisdictions for the creation of Coca-Cola Beverages Africa – an amalgamation of the Coca-Cola bottling assets of SABMiller, Coca-Cola Sabco, Coca-Cola Shanduka Beverages and TCCC. The transaction also included the acquisition by TCCC of a number of SABMiller non-alcoholic ready to drink brands, including Appletiser. Merger approvals were obtained in Namibia, Botswana, Kenya, Tanzania and COMESA during 2015.