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The Ansarda DealMakers Gala Awards are just a few short weeks away. Take a look at those deals shortlisted for the Brunswick Deal of the Year 2019
This is the 19th year in which this Gold Medal award is to be made. Nominations were received from advisory firms which together with nominations from the DealMakers editorial team were passed on to the Independent Selection Panel who produced a shortlist of four deals.
These are, in no particular order:
Shortlisted nominees for the
Brunswick Deal of the Year 2019
Acquisition of Clover Industries by Milco Consortium

The R4,8 billion all-cash offer by the global investment consortium with strong local partners, aims to deliver and unlock growth, impacting not only the local dairy industry but also on the dairy industry across Africa. Milco is a key differentiator in today’s challenging business environment with access to international brands and know-how, connections and operating experience in sub-Saharan business.

 
The local advisers on the transaction were: Rand Merchant Bank, Nedbank CIB, Werksmans, Cliffe Dekker Hofmeyr, Bernadt Vukic Potash & Getz, ENSafrica, Herbert Smith Freehills South Africa and PwC.

Acquisition of Pioneer Foods by PepsiCo

The R23,63 billion transaction, one of PepsiCo’s largest acquisitions outside the US, is a vote of confidence in the South African economy. PepsiCo intends to use SA as a hub for expansion throughout Africa. Through PepsiCo’s global footprint, Pioneer Foods will have access to new markets and the opportunity to improve its ability to compete more effectively on the African continent and beyond.

The local advisers on the transaction were: PSG Capital, UBS, JPMorgan, Webber Wentzel, Bowmans, BDO and PwC.
Impala Platinum’s acquisition of North American Palladium
 

The acquisition of the Canadian-based primary platinum group metal producer valued at R11,4 billion, is in line with Implat’s strategy to reduce costs and streamline operation in order to improve its competitiveness in the global market. The transaction minimises the Group’s reliance on SA for the bulk of its revenues.
 

The local advisers on the transaction were: Macquarie Advisory and Capital Markets South Africa, Nedbank CIB, Baker McKenzie and Webber Wentzel.
Naspers’ unbundling and listing of Prosus
The two-step transaction by Naspers, one of several over the past few years, formed part of its strategy to reduce sum of the parts (SOTP) discount. The unbundling and listing of Prosus on the Euronext Amsterdam and the JSE (with an opening market capitalisation on the JSE of R1,95 trillion) created the largest consumer internet company in Europe, providing a significantly broader set of investors with direct access to its unique portfolio of high-growth international internet assets.

The local advisers on the transaction were:
For the unbundling - Morgan Stanley, Investec Bank, Webber Wentzel and Glyn Marais. For the listing – Morgan Stanley, Merrill Lynch, Goldman Sachs, Citigroup Global Markets, Investec Bank, Webber Wentzel, Glyn Maris and PwC
The winning deal will be announced at the Ansarada DealMakers Gala Awards on Tuesday February 18, 2020

Gold medal sponsored by Sibanye Stillwater
Criteria used for the selection of the shortlist for Deal of the Year:
  • Transformational transaction – does the deal or transaction transform the business or even the industry in which it operates? What is the extent of potential transformation as a result?
  • Execution complexity – does the overall deal or transaction involve multiple steps/a number of smaller inter-related deals? Are there numerous conditions precedent that need to be fulfilled? Does it involve many and/or complex regulatory approvals? Are there related debt/equity raising processes and how difficult are they to implement? Was there significant time pressure to conclude the deal/transaction? Did the deal/transaction exhibit innovative structuring?
  • Deal size – not an over-riding determinant but a significant factor.
  • Potential value creation – to what extent could shareholders and other stakeholders benefit from the transaction over time?
Tuesday 18 February 2020 
Join the South African Mergers and Acquisitions industry as it celebrates the achievements of 2019.

DealMakers
 awards the top advisers by Value and Flow in the following categories:
  • Investment Advisers
  • Sponsors
  • Legal Advisers
  • Transactional Support Services
Awards are made to the top four M&A teams and the top three teams for work carried out in the General Corporate Finance space. Recognition is also given to the top investment advisers and legal advisers (by deal value and flow) for BEE deals - both listed and unlisted.

Other awards on the night include :
Ince Individual DealMaker of the Year
Brunswick Deal of the Year
Catalyst Private Equity Deal of the Year 
Exxaro BEE Deal of the Year
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