Lilia Franca is a Director in our Corporate and Commercial practice. Lilia specialises in mergers and acquisitions (both local and cross border), capital markets work and take-overs and BEE transactions in the listed environment. Her clients include Northam Platinum, RCL Foods, Capitec Bank Holdings, Remgro, Capitalworks, Sovereign Foods, Brait, Evraz, Puma Energy and One Capital.
After graduating from the University of the Witwatersrand, Lilia began her career as a researcher to the Honourable Justice Ackermann at the Constitutional Court.
In 2004 Lilia began her articles at Hofmeyr Herbstein and Gihwala (now Cliffe Dekker Hofmeyr) and was appointed as a Junior Associate in the firm's Corporate and Commercial practice in 2006. She was admitted as an Attorney of the high court in the same year.
Between 2004 and 2008 she lectured in Commercial Law at the University of the Witwatersrand. She was appointed as a Senior Associate in the firm's Corporate and Commercial practice in 2008 and became a Director of the firm in 2010.
In 2011 she was admitted as a solicitor in England and Wales.
Lilia has served on the firm's Recruitment Committee and is presently a member of the firm's Financial Committee.
Lilia has acted as the lead partner on a number of listed, domestic and cross-border M&A and capital markets transactions including the following:
Advised Lebashe, a black-owned investment vehicle, on its acquisition of media, broadcasting and content businesses in South Africa, Kenya, Ghana and Nigeria from Tiso Blackstar Group SE. The media businesses acquired include, amongst others, large print titles such as the Sunday Times, the Business Day and the Sowetan. Deal value: ZAR1.05 billion
Advised Northam Platinum, a platinum miner listed on the JSE, in a number of transactions including in respect of:
Advised Italtile Limited, a ceramics company listed on the JSE, in relation to a BEE transaction with Yard Investment Holdings involving the acquisition of 2% of Italtile. Deal value: ZAR312 million
Advised EOH Holdings Limited, a technology company listed on the JSE, in respect of its BEE Transaction, coupled with a ZAR1 billion equity capital raising. Deal value: ZAR1 billion
Advised Capitec Bank, a bank listed on the JSE, in respect of the restructuring of its BEE transaction. Deal value: R1.1 billion
Advised Capitalworks, a private equity fund, in respect of its takeover offer of Petmin, a mining company listed on the JSE, by a concurrent scheme of arrangement and general offer and the subsequent delisting of Petmin. Deal value: R894 million
Advised Sovereign Foods, a poultry producer listed on the main board of the JSE (now delisted), in respect of:
Advised Brait, an investment holding company with its primary listing on the LuxSE and secondary listing on the JSE in respect of:
Advised Puma Energy, a global provider of fuels, lubricants and other oil products, in respect of a number of transactions in Africa including:
Lilia has also acted a co-lead partner on the following transactions:
Advised Remgro Limited, an investment holding company listed on the JSE, regarding its acquisition of the spreads business in Southern Africa from Unilever plc. Deal value: ZAR7 billion
Advised Robertsons, a wholly owned subsidiary of Remgro Limited, regarding the disposal of its 25,75% stake in Unilever South Africa to Unilever plc. Deal value: ZAR4.9 billion
Advised Reinet Investments SCA in respect of the acquisition of a diamond mine from De Beers.
Advised RCL Foods, a foods company listed on the JSE in respect of its capital raising and acquisitions involving:
Advised Brait on it's restructuring and capital raising transaction involving: