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