Stephen began his career as a Candidate Attorney in 2001 at Deneys Reitz Inc (renamed Norton Rose Fulbright South Africa). He was appointed as a Director in October 2007. He spent a year on secondment at another leading law firm in London from July 2006 to July 2007 where he was employed in their corporate department for the first six months of his secondment. The second half was spent in the capital markets department.

Stephen was appointed as a Director at Cliffe Dekker Hofmeyr in 2017.

Stephen is involved in a broad range of finance-related work, including various transactions that have included general banking advice to major international and local banks in relation to general acquisition finance, asset-based finance structured transactions (in particular in relation to aviation finance and general commercial aviation transactions), debt factoring. In addition, Stephen is involved in a broad range of developmental finance work for local development financing institutions and state owned companies advising on a broad range of corporate and financing transactions.

  • Advised the Public Investment Corporation (SOC) Limited (PIC) in connection with the funding of the acquisition of a 16% equity interest by a BEE consortium in Grit Real Estate Income Group, an entity with primary listings on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius. The transaction was funded by Bank of America Merrill Lynch with PIC providing a credit enhancement instrument.
  • Advised Goldrush Group Proprietary Limited in respect of various facilities advanced to the company by Investec Bank Limited for the purposes of refinancing as well as funding the company's capital expenditure.
  • Advised Fireblade Investments Limited (owned by the Oppenheimer family) in relation to conclusion of various aircraft purchase agreements.
  • Advised low cost airline Fly Blue Crane in relation to funding made available by the Industrial
  • Development Corporation of South Africa.
  • Advised Public Investment Corporation SOC Limited (PIC) and Belelani Capital Proprietary Limited (Belelani) in connection with the funding of the acquisition by Belelani of a 25% interest in Pareto, one of South Africa’s listed property companies. The transaction was funded by Absa and RMB with PIC providing a credit enhancement instrument.
  • Assisted Airports Company of South Africa SOC Limited with drafting and preparation of standard form
  • Fixed Based Operators (FBO) Agreements and negotiations with various FBO’s.
  • Advised as part of a consortium of advisors on behalf of the Government of Botswana in relation to a due diligence exercise on a copper mine in Botswana and the exercise of its option to acquire 15% of interest in the mine.
  • Advised the Industrial Development Corporation of South Africa on its project finance transaction to develop a manganese mine and related smelter and sinter plant for Kalagadi Manganese Proprietary Limited and related shareholder funding arrangements and debt restructuring.
  • Advised BCL Limited on its funding arrangements relating to the acquisition of 50% participation interest in Nkomati JV from Norlisk and the acquisition of a further 85% shareholding interest in Tati mine.
  • Advised Public Investment Corporation (SOC) Limited on a R2 billion financing and acquisition of shares in Independent News Media South Africa by the PIC, Sekunjalo Consortium and two Chinese investor companies: China International Television Corporation and China-Africa Development Fund.
  • Advised Public Investment Corporation (SOC) Limited in respect of the various facilities provided to Tanga Cement Company Limited for the purposes of constructing and operating a second clinker kiln together with the provision of a working capital facility by the PIC and various other working capital debt providers.
  • Advised Public Investment Corporation (SOC) Limited in relation to the acquisition by the PIC of shares in Vodacom constituting approximately 14% of shares held by the Government of the Republic of South Africa.
  • Acted for Public Investment Corporation (SOC) Limited in relation to a due diligence exercise on Southern Farms Proprietary Limited (SF) as well as advising in respect of the acquisition of shares in SF and the provision of funding to SF and its group of companies.
  • Advised Fireblade Investments Limited on the purchase and importation of two Bombardier Global 6000 aircraft.
  • Advised South African Airways in relation to the applicable legal and regulatory framework governing the procurement and acquisition of aircraft.
  • Advised South African Airways SOC Ltd in relation to an aircraft swap transaction between SAA and
  • Airbus for ten previously purchased A320 aircraft in exchange for the acquisition of five Airbus
  • A330-300 aircraft on an operating lease basis.
  • Advised South African Express Airways SOC Limited on leasing certain aircraft from various lessors and conclusion of relevant operating lease agreements.
  • Advised South African Express Airways SOC Limited in respect of various aircraft sales.
  • Advised South African Express Airways SOC Limited (SAX) in respect of the three operating lease agreements between SAX, Q400 Leasing (Proprietary) Limited and FirstRand Bank Limited (acting through its Rand Merchant Bank division) in respect of Bombardier Q400 Dash 8 aircraft.
  • Awarded 2016 Finalist Certificate of Excellence in the category of Investment Banking: Corporate Finance Lawyer of the Year-13th Annual Financial Services Sector ABSIP awards
  • Stephen Boikanyo was ranked as a leading lawyer by Who's Who Legal: Aviation – Finance 2019. Stephen has named one of the world's leading Aviation lawyers by Who’s Who Legal: Aviation 2018

Education

  • B Juris, University of North West
  • LLB, University of Pretoria
  • Certificate in Insolvency Law and Practice, Association of Insolvency Practitioners South Africa
  • Certificate course on Financial Markets and Banking Law, University of Witwatersrand
  • Year of admission as an attorney: 2003

Membership

  • Legal Practice Council