Sibusile Khusi

Capital Markets

• RMB and Morgon Stanley on their sale, as joint bookrunner, of MTN Zakhele Futhi's shares in MTN Group, raising approximately ZAR3bn.
• Brait plc in the invitation by its wholly owned subsidiary, Brait Investment Holdings Limited's tender offer to acquire up to ZAR400 million in aggregate principal amount of exchangeable bonds.
• Brait plc on its capital raising, raising ZAR1.5bn, which comprised of a renounceable rights offer made to Brait's qualifying shareholders to subscribe for ZAR3bn exchangeable bonds.
• Investec Bank on its sale, as the sole bookrunner, of shares in Vukile Property Fund, a real estate investment trust. Two separate capital raises with the first in February 2024 raising ZAR1bn and the second in September 2024 raising ZAR1.5bn.
• Remgro, a public company listed on the Johannesburg Stock Exchange (JSE), on its sale of all its shares in Momentum Group, also listed on the JSE, by way of an accelerated bookbuild, raising gross proceeds of ZAR2.7bn.
• the sole bookrunner, Investec Limited in an equity raise of R680m for Afrimat Limited shares.
• First National Bank of Eswatini on its listing, by introduction, on the Eswatini Stock Exchange as well as advising its sole shareholder on the private placement of 20% of the shares in First National Bank of Eswatini.
• EOH on its capital raising, comprising of a renounceable rights offer made to EOH's qualifying shareholders and specific issue for cash to its BBBEE shareholder.
• Off the Shelf Investments 108, a subsidiary of Kagiso Tiso Holdings, on an accelerated bookbuild, raising gross proceeds of ZAR799m (representing approximately 2.1% of the total issued ordinary shares of Momentum.)
• Raubex Proprietary Limited an existing shareholder, (holding c26.38%) of a JSE listed and South African based road construction company, Bauba Resources Limited. Following the completion of various off-market share purchase transactions Raubex acquired additional shares in Bauba and became a majority shareholder in Bauba holding c.51%, Raubex was therefore required to make a mandatory offer in terms of section 123 of the Companies Act, 2008. Subsequent to the mandatory offer the listing of Bauba Resources‘ shares on the JSE was terminated with effect from 23 August 2022.

M&A

Acting for:

• a private equity fund in its acquisition of a surgical devices company.
• a foreign company as a potential bidder in its due diligence of an oil and gas business in South Africa.
• the curator on the curatorship of Habib Overseas Bank Limited.
• Starsight Energy Africa Holding Limited, a Mauritius company, on a transfer of 35% of its shares it held in SolarAfrica Energy Proprietary Limited to IDEAS Infrastructure I GP Proprietary Limited.
• a Mauritian solar energy company on the merger of its investments in 5 African countries with those of another Mauritian solar energy company through the establishment of, and transfer of their respective businesses to, a newly incorporated Mauritian company.