Private Equity

Deal of the Year

DealMakers Annual Gala Awards

At the end of each year, DealMakers calls on the corporate finance industry to submit their nominations for PE Deal of the Year.

With the assistance of the independent panel, and taking into account the number of nominations each deal has received, a shortlist of 3 - 5 deals is announced.

These deals are then evaluated by the Independent Panel and they select a winner based on a variety of criteria, including but not limited to:

The transformational aspects of the deal | The execution complexity | The deal size | The potential value creation of the deal

2020 PE Deal of the Year

Gold Medal sponsored by

Capitalworks' acquisition of Peregrine

Local Advisers

Garth Willis, Director | Capitalworks Equity Partners

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.

Other nominees for 2020 were:

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.

2020 Awards

2019 PE Deal of the Year

Gold Medal sponsored by

Acorn Private Equity for partial exit of Bearnibbles SA

Other Nominees for 2019:

Actis' exit of Compuscan and ScoreSharp to Experian

RMB Ventures and Bopa Moruo Fund II acquisition of Cargo Compass

Phatisa's disposal of an 85% stake in Meridian Consolidated Investments

Recapitalisation of Brait and introduction of Ethos as an equity partner

2018 PE Deal of the Year

Other Nominees for 2018:

Community Investment Ventures Holdings (CIVH) acquisition of Vumatel

Gold Medal Award

Carlyle Group's acquisition of Tessara from RMB Ventues

Ethos acquisition of SoftBev for the Beverage Company

Neal Froneman - Sibanye-Stillwater, Sam Riley - Ansarada, Jessica Spira - Rand Merchant Bank, Michael Avery - Catalyst, Marylou Greig - DealMakers and Gareth Armstrong - Rand Merchant Bank

2017 PE Deal of the Year

Gold Medal Award

Disposal by Capitalworks of Much Asphalt

Other Nominees for 2017:

Standard Charted Private Equity and Development Capital Partners sale of their 72% stake in Kamoso Distribution to a consortium led by Investec Asset Management and RMB Ventures

The acquisition by Capitlworks of Sovereign Food Investments

Arie Maree (Ansarada),Garth Willis (Capitalworks), Neal Froneman (Sibanye-Stillwater) and Michael Avery (Catalyst)