Jerain   Naidoo

Jerain Naidoo

Director

Jerain Naidoo is a Director in our Corporate & Commercial practice and has experience in mergers and acquisitions, joint ventures, the formation, structuring and restructuring of business entities as well as general commercial matters. He regularly advises listed and private companies across a range of sectors, including telecommunications, financial technology and private equity.

t +27 (0)11 562 1214 f +27 (0)11 562 1111

Jerain started his legal career as a Candidate Attorney at Barkers in 2009, where he was appointed as an Associate in 2011. Jerain continued at Barkers until the end of 2015 and joined Cliff Dekker Hofmeyr as an Associate in January 2016. He was promoted to Senior Associate in 2018 and to Director in 2020.

  • Member of team that advised DN Invest (an investment company involved in retail, telecommunications and distribution) on its acquisition of Blue Label Mobile Group from Blue Label Telecoms for a consideration of ZAR 530 million.
  • Member of team that advised Net1 on its disposal of a 34% shareholding in DN Invest, in the form of a share repurchase and a sale to Mineworkers Investment Company, for an aggregate consideration of ZAR 860 million.
  • Member of team that advised DN Invest on its acquisition of 3G Mobile from Blue Label Telecoms for a consideration of ZAR 544 million.
  • Member of team that advised Net1 on its disposal of 7.6% of its shareholding in DN Invest to Rand Merchant Bank for a consideration of ZAR 200 million.
  • Member of team that advised Net1 and the remaining shareholders of DN Invest on a shareholder restructure, which included the disposal by Net1 of 17% of its shareholding in DN Invest to certain DN Invest shareholders, for a consideration of approximately ZAR 300 million.
  • Member of team that advised Ethos Mid-Market Fund I on its acquisition of a controlling interest in Gammatek, an importer, distributor and manufacturer of mobile device accessories, from the founders of the company.
  • Member of the team that advised Net1 in respect of its acquisition of a 15% shareholding in Cell C (one of the largest cellular network providers in South Africa) for a consideration of ZAR 2 billion, in the context of the larger recapitalisation plan for Cell C which resulted in Cell C's net indebtedness being reduced from approximately ZAR 19.5 billion to less than ZAR 6 billion.
  • Member of the team that advised Net1 in respect of its acquisition of a 45% shareholding in DN Invest for a consideration of ZAR 945 million.
  • Member of the team that advised Nedbank Private Equity and the other shareholders (including founders) of Little Green Beverages (LGB) in respect of their exit from Little Green Beverages to Ethos Private Equity, and their re-investment into the newly structured group.
  • Member of the team that advised Net1 on its acquisition of a direct 30% shareholding in Bank Frick & Co AG (a fully licensed bank based in Balzers, Liechtenstein).
  • Member of the team that advised Zungu Investments in respect of its exit from Taquanta Asset Managers.
  • Member of the team that advised Net1 on its acquisition of a direct shareholding in One MobiKwik Systems Private Limited (MobiKwik) in India (MobiKwik is India's largest independent mobile payments network).
  • Advised property division of listed FMCG retailer on property and lease disputes in South Africa, Nigeria and Zimbabwe.
  • Advised listed telecommunications company and subsidiaries in respect of existing and proposed business models, including on –
    • administrative fines imposed by the National Credit Regulator;
    • implementation of a mobile payment service;
    • the implications of RICA in the use of SIM cards in vehicle tracking devices;
    • implications of the franchising and intermediary provisions of the CPA on various business models utilised by vehicle tracking division and fitment centres;
    • the implementation of an innovative electronic payment system in respect of instalments under financial products; and
    • permissible pricing and credit models under the NCA in respect of various product offerings.
  • Advised technology and telecommunications company on implementation and roll out of mobile cellular services.
  • Conducted various due diligence investigations on behalf of listed telecommunications company. Target firms included –
    • a South African software development company that caters predominantly to the telecommunications industry;
    • a company operating a national payment switch in West Africa, servicing 30 participating member banks and over 3 million card holders;
    • a substantial West African information technology company with offices in Kenya, Uganda, Rwanda, Burundi and Ethiopia; and
    • a South African technology company specialising in energy management, mobility solutions and emissions reduction solutions.
  • Advised national bookmaking concerns on licensing and compliance matters.
  • Acted in numerous commercial and banking litigation matters.

Education

  • Enrolled with the Legal Practice Counsel
  • LLB, LLM (Business Law) – University of Kwa-Zulu Natal
  • Year admitted as an attorney: 2011