Our
capital markets and securities practice involves advising underwriters,
issuers and purchasers in both public and private securities offerings
and drafting the appropriate documentation relating thereto. These
offerings involve debt, equity and combinations thereof in certain
instances.
The scope of work includes advising on transactions such as
- initial
public offerings (IPOs),
- secondary public offerings,
- bond issues,
- private placements,
- rights offers and
- compliance with ongoing
obligations in
terms of the listings requirements of the JSE
Securities Exchange South Africa.
Our role in capital markets transactions
includes acting as
South African counsel for both issuers and underwriters
for cross border transactions.
RECENT
TRANSACTIONS
- Acting as the South African legal advisors to Goldman Sachs, UBS and Morgan Stanley as underwriters to a rights offer by AngloGold Ashanti. Deal value: R13.8 billion.
- Advised Goldman Sachs and UBS as joint bookrunners in the disposal by Anglo American of more than 20% of its shareholding in AngloGold Ashanti. Deal value: R19.89 billion.
- Demerger of Hulamin from Tongaat Hullet and subsequent listing of Hulamin on the JSE. Deal value: R8.5 billion
- Advised Credit Suisse as international selling agent of the underwriter in the IPO of Celtel Zambia that valued the company at US$1 billion. Deal value: US$200 million.
- Advised Standard Bank of South Africa on the issue and sale of US$355 million Tier 2 notes in the United States as a private placement.
Our strength in this practice area lies in the strong relationships
which we have developed over the years with the leading international
investment banks like UBS, Merrill
Lynch, Goldman Sachs, Credit Suisse
First Boston, Citigroup and Morgan Stanley.
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