Deepa Vallabh

Deepa Vallabh

Head: Cross-Border Mergers and Acquisitions: Africa and Asia

Deepa Vallabh is a Director in our Corporate and Commercial practice and is Head: Cross-Border M&A: Africa & Asia. Deepa specialises in a number of legal areas, including mergers and acquisitions (both domestic and cross-border), corporate reorganisations and restructurings with a particular focus on cross-border M&A into Africa.

t +27 (0)11 562 1188 f +27 (0)11 562 1125

Deepa began her career at Werksmans Attorneys. In 2003 she was appointed by Clover Industries Ltd as the Head of Legal. In 2005 Deepa became a Partner at Webber Wentzel where she practised until 2015. During her time at Webber Wentzel, she was a member of the firm's management board and also served on various other management committees. She subsequently joined Cliffe Dekker Hofmeyr as a Director in 2015. Deepa is a non-executive director on the board of JCDecaux SA (Pty) Ltd and a director of CCP 12J Fund Limited.

Deepa regularly advises clients on the Companies Act, No 71 of 2008, the Mining Charter and Mineral and Petroleum Resources Development Act, No 28 of 2002, as well as the Broad Based Black Economic Empowerment Act, No 53 of 2003. Her expertise also extends to competition law, structured finance, securitisations, derivatives, bond exchange and other general finance related matters. She has been involved in various transactions related to the Johannesburg Stock Exchange.

Deal and Corporate Experience

  • Currently advising Caixa Geral de Depósitos, S.A. in relation to its disposal of its shares in Mercantile Bank Holdings Ltd, transaction not final and the value is confidential at this stage, since 2017.
  • Advised Old Mutual (South Africa) holdings (Pty) Ltd in its disposal of its shares in various Latin American Companies to Lily Bermuda Capital Limited, to a value of approximately USD 307 500 000.00, since 2017 and agreement signed during March 2018. The transaction is still in the completion phrase.
  • Advising a multinational cosmetics company on the establishment of business operations in several jurisdictions in Africa, since 2017.
  • Advising a multinational advertising company on its business operations in South Africa and Nigeria.
  • Advised Hub Parking Technology (Pty) Ltd in relation to the internal restructure of its group of companies and in relation to a potential BEE partner transaction, deal under negotiation and the value is confidential at this stage, since 2017.
  • Advised Scaw Metals (Pty) Ltd in the sale by the IDC of its interest in Scaw Metals (Pty) Ltd, deal value confidential, 2017.
  • Currently advising MultiChoice Africa Ltd in its Africa restructure in 42 jurisdictions in Africa, since 2016.
  • Advised De Beers Group Services in its disposal of its 24.6% stake in Dense Media Separation Powders (Pty) Ltd, deal value is confidential, since 2015 and agreement signed by the parties in 2016.
  • Advised FAAC S.p.A, the sole shareholder of Zeag SA Proprietary Limited, in the acquisition by Zeag SA of the entire issued share capital of Centurion Systems Proprietary Limited for approximately R600 million, 2016.
  • Advised De Beers Consolidated Mines (Pty) Ltd in the disposal of its processing and related business conducted as a going concern at Kimberley Mines to Ekapa Minerals (Pty) Ltd, a consortium comprising Ekapa Mining (Pty) Ltd and Petra Diamonds Ltd, deal value is confidential, 2016.
  • Advised JCDecaux in its acquisition of Continental Outdoor Media for approximately R2 billion, 2015.
  • Advised MultiChoice Africa Ltd with respect to various M&A transactions and commercial arrangements in Nigeria, Rwanda, Zimbabwe and Ghana, 2015/2016.
  • Advised Tshipi é Ntle Manganese Mining (Pty) Ltd in relation to the negotiation and finalisation of the ore crushing and processing agreement with African Mining and Crushing NC (Pty) Ltd, 2015 to 2017.
  • Advised Tshipi é Ntle Manganese Mining (Pty) Ltd in relation to the negotiation and finalisation of a long-term mining contractor arrangement with Moolmans (a subsidiary of Aveng), 2015 to 2016.
  • Advised POSCO in their restructuring of South African interests, prior to 2015.
  • Advised Vametco Alloys with respect to various commercial arrangements in relation to their BEE transaction, 2015 to 2016.
  • Advised De Beers Société Anonyme in relation to its minority interest restructuring in Angola, prior to 2015.
  • Advised Tshipi é Ntle Manganese Mining (Pty) Ltd in relation to preparing draft template commercial agreements and conducting due diligence in respect of its commercial arrangements, 2014/2015.
  • Advised KLT Automotive on the disposal of interests to KDI Investments, 2014.
  • Advised ZF Friedrichshafen AG's disposal of its business in South Africa, 2014.
  • Advised De Beers Consolidated Mines Ltd in the sale of its Namaqualand Mine (a division of DBCM) to Emerald Panther Investments 78 (Pty) Ltd, a 40% held subsidiary company of Trans Hex Group Ltd, 2014.
  • Advised Elettronica Santerno S.p.A in relation to setting up their South African operations, together with all arrangements relating to their being the supplier of solar inverters to the major IPP projects in South Africa, 2014 to 2016.
  • Advised Murray & Roberts Holdings Ltd on the acquisition of shares in Clough Ltd, a company listed on the Australian Stock Exchange, to a value of approximately R4 296 million, 2013 to 2014.
  • Advised ETG Agro Products (Pty) Ltd in its acquisition of a majority stake in Maize and More (Pty) Ltd, deal value is confidential, 2013.
  • Advised RMB Corvest as lead adviser in relation to the acquisition by RMB Corvest of an indirect interest of 49.9% in Maragon Private Schools Ruimsig (Pty) Ltd for a purchase consideration of R 4 million, 2013.
  • Advised Optimum Coal in respect of the transaction entered into by a consortium comprising of Piruto B.V, a wholly-owned subsidiary of Glencore International AG, and Lexshell 849 Investments, a company wholly-owned by Cyril Ramaphosa (the Consortium), to acquire control of Optimum. The transaction involved a mandatory offer for the acquisition of Optimum shares by the Consortium and the ultimate delisting of Optimum from the JSE Securities Exchange.2012/2013.
  • Advised Religare Capital Markets plc, a company listed on the Bombay Stock Exchange, in their acquisition of Noah Financial Innovation (Pty) Ltd, 2013 to 2015.
  • Advised POSCO on structuring their African joint venture partners, 2010 to 2016.
  • Advised De Beers Group Exploration Holdings Ltd, in the capacity of lead adviser, on the joint venture with AngloGold Ashanti Marine Exploration Ltd and adviser for both parties in relation to the JV activities in New Zealand, Chile and South Africa. 2012 to 2013.
  • Advised De Beers Consolidated Mines Ltd in the sale of its Rooipoort mining right to Maybom Investments 142 (Pty) Ltd. 2012.
  • Advised Computer Science Corporation Ltd in respect of their BEE transaction. 2012.
  • Advised Evraz Highveld Steel and Vanadium Ltd in relation to their 20 year gas supply contract with Air Liquide, 2011 to 2012.
  • Advised Rand Merchant Bank in their capacity as book runners, merchant bank and sponsors for Clover's initial public offering, to a value of approximately R 575 million, 2011.
  • Advised Life Healthcare Group Holdings Ltd in its ZAR 7 billion initial public offer, the largest IPO ever on the JSE, 2010.
  • Advised Highveld Steel and Vanadium Corporation Ltd, in the capacity of lead adviser, in relation to the BEE deal involving the disposal of its Mapochs Mine, 2009.
  • Advised De Beers Consolidated Mines Ltd in relation to general exploration agreements (drafting and negotiating), prospecting and marine mining activities, 2007 to 2008.
  • Advised Anglo Coal (Pty) Ltd on the BEE transaction in relation to their coal assets in South Africa, 2007 to 2008.
  • Advised Clover SA (Ply) Ltd In relation to manufacturing and distributions arrangements in Zambia, 2007.
  • Advised Clover SA (Pty) Ltd in relation to various projects in Africa: concluded transactions in Zambia and Nigeria. The nature of the balance of the transactions is confidential. 2006 to 2007.
  • Advised Anglo American Ltd on the BEE transaction for Kumba Resources, the largest BEE transaction in South Africa to date, 2006 to 2007.
  • Advised De Beers Consolidated Mines Ltd on the disposal of the Kimberley Underground Mines, 2006.
  • Advised De Beers Consolidated Mines Ltd on the BEE transaction with Peotona, 2006.
  • Advised Clover SA (Pty) Ltd in restructuring of minority interests In Clover Group, 2006.
  • Advised De Beers Consolidated Mines Ltd in relation to disposal of assets in Botswana, 2006/2007.
  • Advised Impala Platinum Ltd in relation to restructuring of BEE deal with Thelo, 2006.
  • Advised African Life (Pty) Ltd in relation to joint venture interest in Ghana, 2005.
  • Advised African Life (Pty) Ltd in relation to restructuring of BEE shareholding, 2005.
  • Advised Clover SA (Pty) Ltd In relation to possible acquisition of water plant, 2005.
  • Advised Clover SA (Ply) Ltd in relation to joint ventures interests In Manhattan Ice Tea, 2000.
  • Advised De Beers Consolidated Mines in relation to arrangements between it and the Government of Botswana in relation to its joint ventures in Botswana, 2005 to 2010.
  • Best Lawyers 2013 – 2019; 2017 - 2019 listed Deepa in Mergers & Acquisition and Corporate Law.
  • Legal 500 EMEA 2017 recommended Deepa for mining.

Publications

  • Deepa has been published in Global Legal and Group Mergers and Acquisitions.

Education

  • B.Sc, LLB LLM, University of the Witwatersrand
  • Leading Professional Service Firms, Harvard Business School Programme
  • Admission as an attorney: 2002

Memberships

  • Law Society of the Northern Provinces
  • Vice Chair: Africa-Law Firm Management Committee of the IBA
  • Vice Chair: Multidisciplinary Committee of the IBA