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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 Exxaro BEE 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
Exxaro BEE Deal of the Year 2020
Momentum Metropolitan – establishment of the iSabelo Trust
The deal was announced to strengthen its B-BBEE ownership and benefit all permanent South African-based employees. The deal will constitute 3% of the company’s issued ordinary share capital resulting in c.44,9 million shares being acquired and held by the newly established Momentum Metropolitan iSabelo Trust. The scheme is intended to have a maximum duration of 15 years eligible for full settlement after 10 years with units allocated being subject to a maximum seven-year vesting period.

The local advisers to the deal were: Standard Bank, Webber Wentzel and EY.
Anheuser-Busch InBev’s B-BBEE transaction
In March 2020, Anheuser-Busch InBev (AB InBev), through its SAB subsidiary, concluded the partial unwind of SAB Zenzele, delivering R9,7 billion to its participants.  An accelerated bookbuild offering 9,5 million AB InBev shares and priced at R7,6 billion was performed on behalf of participants electing to receive cash as part of the partial unwind. The deal initially offered participants the opportunity to reinvest a portion of their proceeds into SAB Zenzele Kabili, a new R5,4 billion BEE transaction. However, the onset of the COVID-19 pandemic resulted in this being postponed to 2021. 

The local advisers to the transaction were: Rand Merchant Bank, Standard Bank, Morgan Stanley, Questco, Bowmans, ENSafrica, BDO and PwC.
Kiara Health’s acquisition of pharmaceutical manufacturing operations 
Novartis, the Swiss multinational pharmaceutical company, took the strategic decision globally to move away from holding manufacturing in-house. Kiara Health, having secured the necessary funding, acquired the manufacturing plant and several marketed products from Novartis’ subsidiary generic drugs manufacturer Sandoz South Africa, creating a majority black-owned pharmaceutical manufacturer.  The parties entered into a manufacturing and supply agreement for a minimum four year period. 

The local advisers to the deal were: ENSafrica and White & Case.
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 BEE 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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