Our Finance & Banking lawyers

are adept at managing the legal aspects of complex deals and projects.

Groundbreaking Matters

"There is never a feeling of having to deal with divisions that are isolated from each other. Their turnaround times and ability to meet client expectations are outstanding."

Chambers Global 2018

"Makes the effort to know our business and how we work. Their opinion work is thorough and they provide a high level of attention to detail."

Chambers Global 2018

Our finance and banking advice and services cover:

  • Debt capital markets.
  • Project finance.
  • Public-private partnerships.
  • Commodity trade finance.
  • Acquisition finance.
  • General banking and investment structures.
  • Pensions and employee benefits.
  • Lending arrangements.
  • Compliance.
  • Cliffe Dekker Hofmeyr acted for Old Mutual, the global investment, savings, insurance and banking group based in South Africa with circa £300 billion under management, and US-based, The Carlyle Group, the world’s largest private equity sector player, in the leveraged buy-out of Tiger Automotive (TiAuto) from Ethos Private Equity and the company’s founders.

    TiAuto operates the Tiger Wheel & Tyre brand and is a retail and wholesale distributor of automotive tyres from major global manufacturers such as Continental, Yokohama, Michelin, Pirelli, Goodyear, Achilles, GT Radial and Hankook and employs some 1,500 people across South Africa.
    Our work on this major mandate for one of the leading investors in South Africa and the Sub-Saharan Africa Fund of global private equity giant, Carlyle demonstrates the strength of this team’s stellar client following. Our ability to attract repeat lead role representation of entities of this standing is strong proof of the global standard nature of our bank finance capabilities in South Africa.

  • Cliffe Dekker Hofmeyr advised AFGRI, is a leading South African agricultural services and foods group, based primarily in South Africa with operations in Africa and Australia, in its JSE-delisting and BEE funding round.

    Under the terms of the deal, AgriGroupe Investments will be the majority shareholder in AFGRI, holding a 60 per cent interest through an offshore structure, with the remaining 40 per cent held by South African shareholders including the Public Investment Corporation (PIC), the Black Empowerment consortium, Bafepi Agri (Pty) (Ltd) and and AFGRI management.

    This was a highly complex delisting and funding mandate which demonstrates the firm’s strength in the full range of corporate financing techniques as well as our ability to provide counsel on the regulatory, compliance and corporate governance issues facing some of the leading businesses in South Africa.
  • Cliffe Dekker Hofmeyr represented the super senior creditors Absa Bank Limited, Deutsche Bank AG, Johannesburg Branch, Credit Suisse AG, London Branch, JP Morgan Chase Bank, N.A., Johannesburg Branch,Standard Chartered Bank, Johannesburg Branch, The Standard Bank of South Africa Limited, Morgan Stanley Bank International Limited, FirstRand Bank Limited and Investec Bank Limited in all aspects of the financial restructuring of the Edcon Group. Edcon is the leading clothing, footwear and textiles retailing group in southern Africa, and trades through a number of retail formats.

  • Cliffe Dekker Hofmeyr represented the lending consortium (Standard Bank of South Africa acting through its Corporate & Investment Banking Division in its capacity as preference share agent; Nedbank Limited acting through its Corporate & Investment Banking Division; Firstrand Bank Limited acting though its Rand Merchant Bank Division; Liberty Group Limited; and Avbob Mutual Assurance Society) in the ZAR 1 billion-plus financing for Afric Energy Resources Proprietary Limited, a subsidiary of Phembani Group Proprietary Limited. The deal funded the acquisition of shares in Engen Limited and the refinancing of existing debt in the group.

  • Cliffe Dekker Hofmeyr is representing Harmony Gold, the third-largest gold mining company in South Africa and the 12th largest world-wide. Our banking & finance team is advising this client in a US$200 million equity take out bridge loan facility, from a syndicate of banks. The facility will be utilised to fund part of the acquisition of the Moab Khotsong and Great Noligwa Mines from Anglo Gold Ashanti. Our team led work on a range of complex intercreditor issues and handled tough negotiations between the global and local syndicate lenders.

  • Cliffe Dekker Hofmeyr represented Royal Bafokeng Holdings, the sovereign wealth fund of Royal Bafokeng Nation. RBN is the ethnic homeland within South Africa of the Bafokeng people, a Setswana-speaking traditional community. Our banking & finance team led work for RBH in all aspects of the refinancing of ZAR 8 billion of preference shares and debt.

  • Cliffe Dekker Hofmeyr is representing The Banking Association of South Africa (BASA), the industry body representing all registered banks in South Africa. Our banking & finance team is advising this client in drafting amendments to the South African Insolvency Act to introduce new provisions to allow for the implementation of margin requirements for non-centrally cleared over-the-counter derivatives transactions. We provided advice to BASA and its member banks, drafted submissions to the regulators and drafted the proposed clauses submitted to National Treasury and the Department of Justice for consideration.

  • Cliffe Dekker Hofmeyr is representing First National Bank, the South Africa-based financial institution. Our banking & finance team is advising this client in the provision of various short term and long term Shariah Law compliant funding arrangements.

  • Cliffe Dekker Hofmeyr represented SA Airlink, the privately-ownedairline based in Johannesburg. Our banking & finance team advised this client as borrower in two aircraft financing transactions with Nedbank; and separately, Investec Bank to purchase new aircraft as part of fleet expansion programme.

  • Cliffe Dekker Hofmeyr is representing EasyEquities, a division of First World Trader Proprietary Limited. Our banking & finance team has been providing legal and strategic counsel in connection with a range of financial services regulatory, tax and exchange control issues linked to award-winning investortech and fintech company, First World Trader. We have been advising in connection with the launch of South Africa's very first US Securities Fractional Trading Platform. Our work on this mandate included drafting the novel legal terms & conditions for investors to repatriate funds and purchase a combination of whole securities and fractions of securities listed on US stock exchanges. This included advice on the nominee structure, offshore custodial and brokerage arrangements, required exchange control approvals from the South African Reserve Bank, tax considerations and ancillary matters.

  • Cliffe Dekker Hofmeyr represented Standard Bank, this time in the restructuring, refinancing and roll-up of existing senior facilities for Vumatel Group. Our work on this mandate included advising on a new money facility for infrastructure investment and capital expansion for a fibre network rollout.

  • Cliffe Dekker Hofmeyr represented Liquid Telecommunications Holdings Limited (Liquid Telecoms),the leading independent data, voice and intellectual property provider in eastern, central and southern Africa. Our banking & finance team advised this client in the US$200 million refinancing of its existing acquisition debt.

  • Cliffe Dekker Hofmeyr is again representing Old Mutual, this time in three renewable energy solar projects which are part of Round Four of the REIPPP. Old Mutual is providing ZAR 3.6 billion in senior debt and equity funding in this connection.

  • Cliffe Dekker Hofmeyr is representing First World Trader Proprietary Limited, this time in the development of South Africa's first do-it-yourself retirement annuity investment platform. The innovative platform allows individuals to manage their retirement annuity on-line, in real time.  Our work on this project included drafting the novel legal agreements determining the terms under which investors select their own underlying Bundles (compliant with Regulation 28 of the Pension Funds Act) and may invest or disinvest at any time, with no switching limitations. 
  • Chambers Global 2013–2018  ranked our Finance & Banking practice in Band 1 for capital markets: equity and Band 2 for capital markets:
    debt.
  • Chambers Global 2017–2018 ranked our practice in Band 2 for banking & finance.
  • Chambers Global 2016  anked our practice in Band 3 for banking & finance.
  • The Legal 500 EMEA 2009–2018 recommended our practice in Tier 2 for banking & finance.
  • IFLR1000 2016–2018 ranked our practice in Tier 2 for banking and project finance.
  • IFLR1000 2014–2018 ranked our practice in Tier 2 for capital markets.