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The Ansarda DealMakers Annual Awards are just a few short weeks away. Take a look at those deals shortlisted for the Catalyst Private Equity Deal of the Year 2020.

Gold medal sponsored by Sibanye-Stillwater
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 three deals.

They are, in no particular order:
Shortlisted nominees for the
Private Equity Deal of the Year 2020
Actis’ acquisition of Octotel and RSAWeb 
In October 2020 Actis, via its Neoma Africa-manged fund, entered into a number of agreements to acquire a controlling interest in Octotel, a local fibre-to-the-home operator and a non-controlling interest in RSAWeb, an internet service provider. Caxton and CTP Publishers and Printers and the Pembani Remgro Infrastructure Fund have fully exit their respective positions in the two entities. The investment into this high growth Digital Infrastructure sector was valued at R2,3 billion.

The local advisers to the deal were: Rand Merchant Bank, AcaciaCap, Webber Wentzel, Fluxmans, EY, BDO and Deloitte.
Metier Capital Growth Fund II/ Retailability acquisition of Edgars 
Edcon was placed under business rescue in April 2020. The plan approved was for the sale of parts of the company including the Edgars business. Retailability, backed by Metier, saw the potential of the brand and took the opportunity to acquire a significant portion of the Edgars business in South Africa, Botswana, eSwatini, Lesotho and Namibia at a favourable price. The deal gives Retailability access to more of the middle to upper end of the mass market.

The local advisers to the deal were: Matuson Associates, Cliffe Dekker Hofmeyr and ENSafrica.
Acquisition of Peregrine by Capitalworks 
The R4,2 billion offer to qualifying shareholders presented an option to elect to receive a cash consideration of R21 per share and/or a leveraged re-investment option through the subscription of shares in one of Capitalworks’ buyout vehicles (InvestCo share consideration offer priced at R17.40 per offer share). The attractive structure of the offer resulted in approval from 99.9% of shareholders with the reinvestment election, which will see benefits from the support of Capitalworks as a key anchor shareholder, oversubscribed. 

The local advisers to the deal were: One Capital, Java Capital, Cliffe Dekker Hofmeyr, Werksmans, Webber Wentzel, KPMG and Deloitte.
The winning deal will be announced at the virtual Ansarada DealMakers Annual Awards on Tuesday 23 February 2021
Headline sponsor to the Annual Awards
Criteria used for the selection of the shortlist for PE 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 23 February 2021 
Join the South African Mergers and Acquisitions industry as it celebrates the achievements of 2020.

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
Business Rescue Transaction of the Year
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