Michael Bailey
About Michael
Michael began his career as a Candidate Attorney at Cliffe Dekker Hofmeyr in 2021. He was appointed as an Associate in 2022. Prior to joining Cliffe Dekker Hofmeyr, he worked in-house at a commodity brokerage.
Michael was promoted to Senior Associate in April 2025.
Areas of expertise
Experience
Advising major lending institutions and borrowers on equity funding (including preference share funding), project finance and debt finance.
Drafting and reviewing various finance documents including facility agreements and the appropriate security documents.
Conducting due diligence investigations and drafting due diligence reports.
Public Investment Corporation SOC Limited in relation to the subscription of shares in the Africa Finance Corporation amounting to ZAR 1,7 billion.
Old Mutual Limited on an amendment and restatement facilities agreement to purchase additional residential properties for a deal value of R500 million.
Grindrod Bank Limited in relation to: two facility agreements to finance a rooftop solar system at a commercial building; and funding to FEC Prop Proprietary Limited to purchase listed shares for a deal value of R129 million.
Grand Casino Investments Proprietary Limited on the subscription of preference shares in the amount of R100 million.
Development Bank of Southern Africa on its facility funding to a state-owned enterprise for a deal value of R500 million.
Taquanta Asset Managers Proprietary Limited on its financing for the purchase of a 49% undivided share in a shopping mall valued at R242 million.
Futuregrowth Asset Management Proprietary Limited on its term loan facility to a listed property developer valued at R272 million.
Food Lovers Holdings on its extension of its revolving credit facility for a deal value of R600 million.
Aleyo Growth Fund 1 Partnership on its subscription of debentures for a deal value of BWP100 million.
Vukile Property Fund Limited on its vendor loan finance for a deal value of R24 million.
Recognition
- The Legal 500 EMEA 2024 - 2025 recommended Michael in banking and finance.
- IFLR1000 2025 recognised Michael as a 'rising star' in Banking and Finance.
Credentials
Education
- Registered with the Legal Practice Council
- BA, University of Cape Town
- LLB, University of Cape Town
- LLM, University of Cape Town (with the coursework undertaken at Queen's University, Canada)
- Year of admission as an attorney: 2022
LANGUAGES
- English