We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
close notification
In the just released league advisor table of the Mergermarket South Africa M&A Roundup for 2011, Cliffe Dekker Hofmeyr climbed ten places from 2010 to the top spot, having advised on two of the top five South African deals of the year last year.
According to Mergermarket, South Africa saw the announcement of 110 M&A deals adding up to a total of US$ 16.07bn in 2011, exactly equalling 2010’s total value, though with a 27.9% increase in terms of deal count. The Energy, Mining and Utilities sector was the most active sector with US$ 5.7bn-worth of deals announced in 2011, accounting for 35.8% of all South African deals for the year.
Ian Hayes, Director and National Practice Head, Corporate and Commercial, commented on the firm's number 1 ranking, "Our team is delighted to have been recognised as Mergermarket's South African Legal Advisor of the year after a very successful year working on a large number of M&A transactions.
Hayes said some of the more notable M&A transactions the team advised on in 2011 included, “The acquisition of the V & A Waterfront by the Public Investment Corporation and Growthpoint Properties; the acquisition by Johannesburg-based Steinhoff of French furniture company Conforama; the R5.9bn rights offer by Brait to its shareholders on the Luxembourg Stock Exchange and the JSE and the subsequent acquisitions by Brait of a R5bn stake in Pepkor and a R1bn stake in Premier, and Arcelik's acquisition of leading white goods manufacturer, Defy Appliances.”
Hayes added, "These Mergermarket awards, together with being ranked 1st in M&A deal flow in the South African DealMakers M&A awards for 2010, and in both deal flow and deal value for the 1st 3 quarters of 2011, shows the strength of our client base and underscores our client's confidence in the capabilities of our team."
For more information:
Ian Hayes, Director and National Practice Head, Corporate and Commercial Practice, Cliffe Dekker Hofmeyr,
Tel: +27 (0)11 562 1234 or email:
ian.hayes@dlacdh.com
Andrea Collocott, Head: Marketing, Cliffe Dekker Hofmeyr,
Tel: +27 (0)11 562 1281 or email:
andrea.collocott@dlacdh.com
Notes:
Cliffe Dekker Hofmeyr is one of the largest commercial law firms in South Africa with some 115 directors/partners and 250 qualified lawyers located at offices in Johannesburg and Cape Town.
Cliffe Dekker Hofmeyr lawyers specialise in services covering the complete spectrum of business legal needs in 11 core areas of practice. The firm also has dedicated sector-led teams consisting of lawyers with experience in a wide range of industries and the public sector.
Cliffe Dekker Hofmeyr is the South African member firm of DLA Piper Group, an alliance of legal practices, which includes firms with offices around the globe that are affiliated to members of the DLA Piper Practice but are not themselves members of it.
Cliffe Dekker Hofmeyr's Africa practice, in conjunction with DLA Piper Africa Group, is unrivalled in terms of pan-African legal services and geographical coverage.
DLA Piper is an international legal practice with over 3,500 lawyers located in 30 countries and 69 offices throughout Asia, Europe, the Middle East and the US.
Photos
