offers expert strategic legal services for all transactional work.
Extension of collective agreement to non-member employees and minority unions
Landmark jurisdictional dispute relating to essential services
Corporate & Commercial
Complex rights issue for Lonmin PLC
Mining & Minerals
Advising Platinum Group Metals Ltd, holders of one of the most promising platinum reserves in the world
Vodacom mobile termination rates challenge
Finance & Banking
Lead advisory role for one of the key financiers in the largest purchase of a South African company in more than a decade
Finance & Banking
Application to operate a stock exchange
Projects & Infrastructure
The Kgoro Precinct, an extension to the Gautrain development
Tax & Exchange Control
The first real estate investment trust (REIT) conversion of its kind
Brait Societas Europaea – Acquisition Of Virgin Active
Corporate & Commercial
The third largest M&A transaction in the history of South Africa
Largest property development in South African history
Corporate & Commercial
Creation of the largest hotel company in Africa
Finance & Banking
First-of-a-kind funding structure for ground-breaking Northam deal
Creation of Coca-Cola beverages South Africa
The practice comprises many “solution-oriented individuals” who are also “very commercial and understand business dynamics.”Chambers Global 2017
"They are a professional, quality outfit. Their legal advice is solution-driven and they project-manage a matter to its conclusion. They are not overly aggressive or short-termist in their thinking."Chambers Global 2016
"The lawyers provide a great service and their turnaround times are very good. They are organised, flexible and provide a full range of services."Chambers Global 2016
Our lawyers coordinate complex transactions, deal with regulatory requirements, advise on tax matters, manage due diligence investigations and prepare all required documents. Our other services include:
Cliffe Dekker Hofmeyr acted as South African legal counsel to Old Mutual Life Assurance Company (South Africa) Limited and Old Mutual Holdings Limited (Kenya). Old Mutual is a global investment, savings, insurance and banking group based in South Africa with circa £300 billion under management.
We advised our clients in the latter's acquisition of a controlling interest (60.66 per cent) in UAP Holdings Limited (Kenya), for a total consideration of circa US$255 (circa R3 billion).
The acquisition comprised two separate transactions. The first entailed the circa US$97.6 million acquisition by OM of a circa 23 per cent stake in UAP from Centum and Dr Kirubi. The second entailed the circa US$157.4 million acquisition by OM of a circa 37 per cent stake in UAP from Swedfund and others.This is a high profile mandate for firm anchor client, Old Mutual and a very clear demonstration of the high level of trust the work of our team commands in the South African corporate/M&A market.
Cliffe Dekker Hofmeyr acted for JSE-listed, Pioneer Foods, South Africa's second largest food group. We advised Pioneer in respect of the unbundling and separate listing of its poultry division through Quantum Foods (Pty) Ltd.Quantum Foods is still a fledging in terms of its market capitalisation (market value) of R769 million, but the separate listing on the JSE is expected to see the agricultural business expand to more African countries. The transaction was heavily complicated by the existing black economic empowerment shareholding structure which had in place a preference share funding structure.
Cliffe Dekker Hofmeyr acted for EVRAZ plc, an LSE-listed multinational, one of the world's biggest vertically-integrated steel and mining businesses and Russia's largest steel producer. We advised EVRAZ in the R289 million disposal of a portion of its shareholdings in EVRAZ Highveld Steel and Vanadium Limited (listed on the JSE). Separately, we acted for EVRAZ plc in the disposal of a portion of its US subsidiary's shareholdings and a black economic transaction in respect of EVRAZ Vametco Holdings (Pty) Ltd.Our work on these two mandates demonstrates how we are the trusted advise to leading global investors in South Africa. The wide geographic footprint of the work of our corporate/M&A and its client base as well as the extent of our cross-border experience is a stand-out feature for our firm.
Cliffe Dekker Hofmeyr is an on-going adviser to Steinhoff International Holdings Limited, a multinational company which is Africa's largest furniture producer and one of the largest in Europe. Our team advised the client in its R62.8 billion acquisition of Africa's largest retailer, Pepkor Holdings. In a separate transaction for the same client, we advised in the R3.6 billion acquisition of minority shareholdings in JD Group Limited.This was the third largest M&A transaction in the history of South Africa, the biggest M&A transaction in Africa and the Middle East in 2014 according to MergerMarket and nominated for Deal of the Year by DealMakers (see above). Our corporate/M&A team played the lead role for the largest furniture producer in the African continent. This deal is further proof of our Band One status (in the eyes of the country’s leading corporations) in the corporate/M&A market in South Africa.
Cliffe Dekker Hofmeyr advised One Capital Advisory, as corporate advisor and bookrunner, and a consortium of black investors, in the R6.5 billion landmark black economic empowerment transaction. We also advised in the capital markets leg of the transaction involving a capital raising for Northam Platinum Limited, the third largest Platinum producer in South Africa by market capitalization and world's fourth largest platinum producers.
In a separate transaction, we advised Northam Platinum Limited, listed on the JSE and the third largest Platinum producer in South Africa by market capitalization and one of the world's largest platinum producers. We advised Northam in its R450 million acquisition of the Everest Platinum Mine from Aquarius Platinum (South Africa) (Pty) Ltd.
The first transaction was nominated for Deal of the Year by DealMakers for the innovative and never before seen way in which the funding of the transaction was structured. The deal involved a secondary public offering of preference shares in a newly-listed SPV to existing Northam shareholders through a rights offer process.
The transaction locks in higher black ownership than legally required and thereby safeguards the company from non-compliance in the event of a dilution of black shareholders through future acquisitions and equity capital raisings for at least a decade. The deal also provides Northam with a net cash injection of R4 billion to fund its growth plans.The second transaction provides an excellent platform for Northam to develop its existing ore body on a neighbouring property thereby adding significant shareholder value by unlocking a resource of circa 60-million PGM ounces in a capital-efficient manner. This transaction was particularly well received by the market and resulted in significant shareholder value and an uplift in the share price.
Cliffe Dekker Hofmeyr acted for JSE-listed, Sun International, Africa's largest tourism, leisure and gaming group. Our team advised the client in respect of the R1.6 billion acquisition of a stake by Tsogo Sun in two casinos from Grand Parade Investments. This transaction was particularly well received by the market and resulted in significant shareholder value and an uplift in the share price.
Our work on this mandate is a demonstration of our position as lead role advisers to some of Africa’s largest and most widely respected corporate entities, in addition to our work global leaders with significant operations in South Africa.We also advised the same client in a separate matter which related to its R663 million disposal of controlling interests in its Botswana, Lesotho, Namibia, Swaziland and Zambia hotel businesses to Minor International Public Company Limited, an entity which is listed on the Stock Exchange of Thailand.
Cliffe Dekker Hofmeyr is advising Redefine International plc which owns the largest independent hotel management company in the UK. We advised our client in respect of a capital raising by way of a specific issue for cash with a value of R1 billion.
In a separate mandate, we advised JSE-listed, Redefine Properties Limited, the second largest real estate company in South Africa and owner of a 30 per cent stake in Redefine International plc (above) in respect of a new joint venture.The R2.2 billion transaction was complex due to the fact that two related parties were entering into the joint venture arrangement. This meant careful structuring so as to comply with LSE rules.
Cliffe Dekker Hofmeyr advised LSE-listed, Lonmin plc in a R664 million secondary inward listing on the JSE. Lonmin is the third-largest platinum producer in the world. Our team advised this client in its black economic empowerment transaction.The transaction involved the conversion of historical mining royalties payable to the Bapo traditional community which own the land on which Lonmin mining operations are situated. This is in exchange for a shareholding in both Lonmin Plc and Lonmin plc subsidiaries in South Africa