Phila Zulu

• Acting for Virgin Active on:
  • a GBP28.6 million Virgin Active acquisition of the Real Foods (Kauai) group*
  • a ZAR4.6 billion Senior Term Facilities (including numerous refinance transactions) *
  • Group on a ZAR4.6 billion Senior Term Facilities (including numerous refinance transactions) *
  • GBP682 million (USD1 billion or ZAR12 billion) 80% acquisition by Brait SE (through Brait Mauritius). *
  • ZAR40.5 million General Banking Facilities with Nedbank (indirect facility, overdraft facility, overnight facility and derivative facility)
  • ZAR1.8 billion Virgin Active Africa Solar Power Purchase Arrangements.*
  • ISDA Master Agreement with Standard Bank.*
  • ISDA Master Agreement with ABSA Bank*
• Advised CIB on credit derivatives on dual-listing (JSE and Stock Exchange of Mauritius) of the ZAR40 billion Absa BankLimited Master Structured Note Programme, and the issue of:
  • ZAR30 million Floating Rate Leveraged Portfolio Credit Linked Notes – iTraxx Europe Crossover*
  • (referencing a notional Credit Default Swap on standard market terms for portfolio transactions)*
  • ZAR500 million Sovereign Credit Linked Notes (referencing the 13.5% Republic of South Africa Deliverable Obligations)*
  • ZAR100 million Credit Linked Notes (referencing the 15.5% African Bank Limited Deliverable Obligations)
  • ZAR40 million Mmela Motor Scheme Credit Linked Notes (referencing the ZAR40 million Subordinated Secured Floating Rate Registered Bonds)
  • USD27.5 million Single Name Credit Linked Notes under the Absa Bank Limited Euro Medium Term Note Programme (referencing the Old Mutual PLC 7.125% Deliverable Obligations)
• Advised the Issuer (Commissioner Street) and Arranger (Absa Capital) on a listed Munibond repack transaction valued at ZAR 1.6 billion.*
• Acted for AngloGold Ashanti Limited Acted as South African counsel for AngloGold Ashanti Limited, AngloGold Ashanti Holdings plc and AngloGold Ashanti Holdings Finance plc in connection with the filing by each, with the U.S. Securities and Exchange Commission, of the Form F-3 Registration Statement, and the Bond Takedown issued by AngloGold Ashanti Holdings plc of U.S.$750,000,000 5.125% Notes*
• Advised for Investec Bank Limited the Issuer (Commissioner Street) and Arranger (Absa Capital) on a listed Munibond repack transaction valued at ZAR 1.6 billion*
• Acted for The Standard Bank of South Africa Limited as Issuer and Arranger’s South African counsel in the update of the Investec Bank U.S.$1.5 billion Euro Medium Term Note Programme
• Acted for BMW Financial Services (South Africa) (Pty) Ltd as transaction counsel in the listing and issue of the ZAR2.5 billion stand-alone inaugural bond issue*
• Acted for Pick n Pay ZAR2 billion Domestic Medium Term Note Programme and ZAR500 million debut Issue.*
• Acted for RCS Investment Holdings (Pty) Ltd. (March 2010). Acted as transaction counsel in the establishment of the ZAR2 billion Domestic Medium Term Note Programme and the debut issue of ZAR303 million.*
• Advised Capitec Bank Limited on a ZAR250 million Tier 2 Capital Bond*
• Advised Savcio Holdings (Proprietary) Limited on a ZAR 205 million bond repurchase in relation to Notes issued under the ZAR2 billion Domestic Medium Term Note Programme.*
• Acted for FirstRand Bank Limited in the update to the USD1.5 billion Euro Medium Term Note Programme (Arrangers’ local counsel)*
• Acted for UBS Limited as placement agent on the issuance of US$100 million 9.25% Loan Participation purpose of financing loans to CJSC Alfa Bank under CJSC Alfa Bank's US$1 billion Programme. Drafting Placement and Agency Agreement, Fees Letters, Final Terms, Supplemental Deed of Indemnity and Supplemental Trust Deed.*
• Acted for Hungarian Telephone & Cable Corp. (HTCC) and its subsidiary Invitel on the financing of its acquisition of Memorex Telex Communications AG, which included a €100 million Subordinated Bridge Loan Facility with Merrill Lynch International and BNP Paribas as mandated lead arrangers and an amendment and restatement of its €165 million term and multicurrency revolving senior facilities agreement with BNP Paribas as mandated lead arranger. Invitel and Memorex are both leading telecommunications service providers in Central and Eastern Europe. The proceeds from the bridge loan were used to fund the acquisition and refinance a portion of Memorex's debt.*
• Acted for a large banking client in the establishment of a Euro-Commercial Paper Programme. Drafting Information Memorandum, Dealer Agreement, Trust Deed, Agency Agreement, Guarantee. Deal placed on hold before launch.*

*Denotes experience prior to joining DLA Piper

• Member of the Virgin Active Africa Operations Board (EXCO). Chair of the Risk Committee, Virgin Active.
• Member of the Socio-Economic Committee and Investment Committee, Virgin Active Africa.
• Former Chairman of the Board of Trustees of the Branson Centre of Entrepreneurship (South Africa).
• Trustee of the Helen Suzman Foundation, a leading non-governmental and public benefit organisation.
• Provided pro bono legal services through community legal clinics in Mitchells Plain (Cape Town) and Alexandra (Johannesburg).
• Supported the International Childcare Trust through fundraising initiatives, including participation in the India Cycling Challenge across Kerala to raise awareness and funds.
• Recipient of the Service Tie Award for cultural service and contribution at Michaelhouse.
• Recipient of the Royal School of Music Tie Award for years of service as a chorister in the Michaelhouse Chapel Choir.
• Active participant in the Michaelhouse Outreach Programme, supporting educational initiatives in neighbouring rural schools.