Cliffe Dekker Hofmeyr has welcomed two new administrators to its business and company apply, considered one of whi…
Cliffe Dekker Hofmeyr has welcomed two new administrators to its business and company apply, considered one of which is a veteran of the agency.
Ian Hayes, a veteran of Cliffe Dekker Hofmeyr (CDH), has returned after an eight-year stint at Africa’s largest regulation agency ENSafrica, whereas Brian Jennings, who has additionally made the transfer from ENSafrica, after a decade, is new to the agency. Each have been employed as administrators, equal to associate.
Hayes, a good lawyer within the South African market, has delivered to CDH a portfolio of blue-chip shoppers within the mining, telecommunications and retail sectors, and a apply spanning all levels of mergers and acquisitions (M&A) offers, and business and company issues together with takeovers and the restructuring and structuring of companies. He additionally handles preliminary public choices, personal fairness acquisitions and gross sales, and common company finance.
Jennings, who additionally focuses on M&A, company and business regulation, acted for Johannesburg-based retail firm Edcon Group between 2015 and 2019, on its monetary and operational restructurings. He has additionally beforehand suggested different asset administration agency Capitalworks on its sale of business asphalt producer A lot Asphalt to South African chemical compounds group AECI in 2017.
Final yr, Jennings additionally acted for Edcon’s enterprise rescue practitioners on the sale of Edcon’s JET and Edgars companies in South Africa, Namibia, Botswana, eSwatini, and Lesotho, to respective consumers, retail clothes firm Foschini Group and South African group of retail manufacturers Retailability.
Explaining the state of the M&A market in Africa throughout what has been a troublesome yr, CDH’s director and nationwide head of the company and business apply Willem Jacobs stated in a press release: “2020’s hostile bearing, and the ripple impact on our financial local weather has introduced distinctive challenges. But in a yr that noticed listed M&A exercise lower by virtually 17%, CDH managed to extend its listed M&A deal move by greater than 22%.”
The agency’s CEO, Brent Williams, added that Hayes and Jennings’ arrival will “deepen the agency’s bench of consultants”, additionally exhibiting the agency’s dedication to getting by means of present crises with its shoppers.
The brand new arrivals comply with CDH’s lack of director and 17-year serving M&A and fairness capital markets transactions lawyer Lilia Franca, and her crew, to South African regulation agency Webber Wentzel.
Pinsent Masons employed CDH’s building head as a project partner in Johannesburg in 2019, and this month, it grew its corporate practice in South Africa with the rent of associate Chris Inexperienced from Bowmans.