Werner De Waal

Werner De Waal

Director

Werner De Waal is a Director in our Corporate & Commercial and Real Estate practice areas. He advises on M&A transactions, general corporate law, infrastructure projects, joint ventures, partnerships, private equity, corporate restructuring, due diligences, general commercial law and real estate transactions. He acts for sponsors, funders and investors in the energy and infrastructure space.

t +27 (0)21 481 6435 / +27 (0)11 562 1076 f +27 (0)21 481 9538 / +27 (0)11 562 1111

Until joining Cliffe Dekker Hofmeyr in 2017, Werner was a director in the South African office of a large international law firm.

  • Gaia Infrastructure Capital Limited, an investment holding company listed on the Johannesburg Stock Exchange ("JSE") as regards to its acquisition of an economic interest in the Nobelsfontein Windfarm.
  • Mergence Investment Managers, advised on:
    • various solar infrastructure projects;
    • Advised Mergence Investment Managers in its subscription and participation in Lesana Lesotho's medium term note programme;
    • acquisition my Mergence of equity stake in Brait Ltd (JSE Listed); and
    • acquisition of equity in rolling stock manufacturers.
  • Advised Enel Green Power RSA (Pty) Ltd (EGPRSA), a subsidiary of Enel Green Power S.p.A on its inbound investments in South Africa. Enel S.p.A, a listed Italian utility entity. The advice included all aspects relating to due diligence processes, acquisition of projects, bid submissions, negotiation with project and equity lenders, negotiations with empowerment partners and landowners, advice relating to the financial close processes leading up to commercial operation.
  • Advising on the acquisition by GAIA Infrastructure Partners from OMLACSA (as represented by Futuregrowth Asset Management) of 11.05% of OMLACSA's shareholding in the N3 Toll Concession project, drafting the transaction documents for the acquisition and conducting a legal due diligence in regard to the transaction;
  • Drafting and negotiation of various commercial agreements to pre-financial close in Enel Green Power RSA’s Round 4 REIPPP renewable energy projects, comprising 5 projects with a total of 700MW capacity.
  • Ongoing advice to Acciona Energy S.p.A on various infrastructure projects, due diligences and acquisition strategy.
  • Lead adviser to RedCap and Eurocape (and their shareholders) in the disposal of and share issue to Hulisani Ltd. Hulisani acquired the entire issued share capital of Red Cape Investment and Eurocape Renewables for a combined R145.2-million.
  • Lead adviser to Canadian Solar in its acquisition of three solar projects in South Africa.
  • Advising Canadian entity, listed on the Canadian Stock Exchange on its entry into and investments in South Africa.
  • Lead adviser to Sagit Energy Ventures Proprietary Limited in its disposal of all its equity in Wolseley Wind Farm to Building Energy S.p.A and the granting of various share options.
  • Lead adviser to Wholesum Energy in response to bid, Republic of Benin, West Africa.
  • Lead adviser to G7 Renewable Energy (Pty) Ltd in its disposal of:
    • its Witberg Wind Farm to EDP Renewables (Pty) Ltd;
    • Roggeveld Wind Farm to Building Energy SpA; and
    • Euronotus Wind Farms to Building Energy SpA.
  • Lead adviser to GAIA Infrastructure Partners (Pty) Ltd in relation to:
    • its refinance of the empowerment shareholders in Dorper Wind Farm;
    • various corporate governance issues and the restructuring of its shareholding and group structure.
    • the acquisition and funding of various assets in the infrastructure and energy sector by way of straight equity transactions, hybrid debit and /or hybrid debt transactions.
  • Lead adviser to Mulilo Group Holdings and various shareholders in Mulilo’s part share issue and part share sale to new equity investors.
  • Lead adviser to Building Energy SpA in its joint venture with a listed financial services firm, including advice to reach financial close on the Roggeveld Wind project.
  • Adviser to Romano Solar in its joint venture with Mulilo Project Developments - EPC and O&M.
  • Lead adviser to the Albea Group (Luxembourg) in its acquisition of an equity stake of a South African manufacturing company.
  • Lead adviser to Spear REIT, in the roll out of rooftop solar with Emergent Energy and Fedgroup (PPAs, Instalment Sales, EPC and O&M)
  • Advised GroFin Capital (SA) on its corporate restructure and transfer of assets (Africa and Mauritius).
  • Advised Goldstone Resources Ltd, an AIM listed exploration company on its joint venture with Randgold Resources (Senegal) Ltd in respect of Goldstone’s exploration rights to the Sangola minefields deposit in Senegal (Africa) and the disposal of certain exploration rights and permits in relation to the Akrokerri and Homase mining areas in Ghana (Africa).
  • Advising a Kazakhstani company in a contractual dispute relating to shareholder rights, mining rights and operations Kenya.
  • Advised Chevron Global Energy Inc. on the empowerment (BEE) restructure of the shareholding, share redemption and preference share arrangements in Chevron South Africa.
  • Advised Necotrans Suisse (global logistics company) and Necotrans South Africa on its BBBEE empowerment transaction.
  • Advised Enertronica S.p.A on various corporate governance matters.
  • TriAlpha Fund Managers, regulatory advice in relation to an off-market share sale in a listed entity.
  • The Legal 500 EMEA recommended Werner for real estate.

Education

  • B.Proc degree, University of the Free State
  • Dip Tax Practitioner Diploma, University of Johannesburg
  • Year of admission as an attorney: 1994

Memberships

  • Legal Practice Council