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in association with

Legal Adviser Spotlight

Each month, DealMakers, together with our sister publication, without prejudicewill spotlight some of the deals involving SA-exchange listed companies and focus on the SA legal firms advising on the deal.  (Please note that this information is taken directly from the company announcements - if your firm worked on any of the below deals and you have not been credited, please contact us at reception@gleason.co.za )

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To find out more about without prejudice,

go to www.withoutprejudice.co.za

August 2021

 20 August 
Disposal by Massmart of non-core assets to Shoprite

Massmart announced the sale of the following non-core businesses to Shoprite Supermarkets:

the Rhino Cash and Carry and Cambridge Food businesses, the Fruitspot business and Massfresh Meat businesses and 12 Masscash Cash and Carry stores. The maximum disposal consideration for the businesses is R1,36bn, payable in cash.

Legal Advisers to the transaction

DLA Piper - Legal Adviser to Shoprite and Competition Commission submission

Team members:

To be advised

ENSafrica - Legal Adviser to Massmart

Team members: 

Lydia Shadrach-Razzino | Executive (Corporate Commercial); Carine Pick | Senior Associate (Corporate Commercial); Meldah Pilusa | Senior Associate (Corporate Commercial; Qiniso Sibiya | Associate (Corporate Commercial); Errin Brits | Candidate Attorney (Corporate Commercial); Altair Richards | Executive (Corporate Commercial); Orita Maharaj | Associate (Corporate Commercial)

André J Maré | Executive (IP); Waldo Steyn | Executive (IP); Hugo Biermann | Senior Associate (IP); Tyla Foster | Executive (Mine and Occupational Health and Safety); Cindy-Lee Bekeer | Associate (Mine and Occupational Health and Safety); Hassan Van Wyk | Associate (Employment); Dion Masher | Executive (Employment); Raeesa Seedat | Associate (Property/Real Estate); Len Voster | Executive (Property/Real Estate); Shezaad Cassim | Senior Associate (Dispute Resolution); Craig Saven | Executive (Banking and Finance); Justin Balkin | Executive (Competition); Aziza Mdee | Senior Associate (Competition)

CMS - Legal Adviser to Massmart Wholesale

Team members: 

Yushanta Rungasammy | Co-Head of Corporate Commercial; Deepa Vallabh | Co-Head of Corporate Commercial, Head of Africa: M&A; Savanna Stephens | Senior Associate, Corporate Commercial

2 August 
Fairvest Property internalisation of management company

Fairvest Property announced it is to ask shareholders to approve the internalisation of its asset management function. The asset management of Fairvest is outsourced to New Star Asset Management. The company proposes to acquire all the issued share capital from Manco shareholders for an aggregate cash consideration of R133 million.

Legal Advisers to the transaction

Werksmans - Legal Adviser and Competition Law Adviser to Fairvest Property

Team members: 

Brian Price | Director; Kevin Trudgeon | Director, Head of Commercial Practice