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 

2021 PE Deal of the Year

Gold Medal award

Sibanye.jpg
catalyst Logo.jpg

Acorn Agri & Food’s acquisition of Ascendis Animal Health

PE Deal of the Year.jpg
PE Deal of the Year with Advisers.jpg

Marylou Greig (DealMakers), Carl Neethling (Acorn Private Equity), Arie Maree (Ansarada) and Johan van Zyl (Acorn Private Equity)

Acorn Agri & Food (AAF), managed by Acorn Private Equity, first engaged in 2020 with Ascendis Health on the sale of Ascendis Animal Health (AAH), a provider of animal health and veterinary products. The attractiveness of AAH was its significant competitive advantages and barriers to entry. After extensive engagement and negotiations, with two preferred bidders, heightened by the processes of restructuring, recapitalisation and time constraints the holding company was under, the R770 million deal with AAF was concluded in July 2021.

The local advisers to the deal were:

PE DoY Advisers.jpg

Comment from the Independent Panel: Many smart and timely deal opportunities are found in the non-core assets which are disposed of when corporate restructuring and recapitalisation take place. Our winning transaction involving Ascendis Animal Health is a classic PE deal involving good cash generative assets and concluded at good and fair valuation for both the seller and the buyer.

Other nominees for 2021 were:

Lonsa and Legacy Africa’s acquisition of Everite 
The building materials company was acquired by a private equity consortium comprising Lonsa (55.49%), Legacy Africa Capital Partners (25.01%), Everite management (14.5%) and M Netshitangani (5%) following a highly competitive auction. The sale was part of Group Five’s business rescue process which commenced in March 2019. The c. R600 million deal entailed complicated structuring given that Group Five was in business rescue but realised positive value for both the seller and purchaser relative to pre-business rescue valuations. 


The local advisers to the deal were:

Metis Strategic Advisers, Birkett Stewart McHendrie, Werksmans, Mazars and ENSafrica

Ata Fund III / Manco SPV acquisition of Respiratory Care Africa 
Surgical Innovations disposed of RCA in May 2021 to a newly formed special purpose vehicle held by Ata Fund III (80%), managed by black-owned alternative asset class fund manager Ata Capital, and RCA management (20%).  The R450 million disposal of the supplier of respiratory, monitoring, radiology and other medical equipment, formed part of Ascendis Health’s deleveraging strategy. RCA yielded extraordinary results in the Financial 2021 year, reflecting demand for products in the treatment of patients of COVID-19 related ailments. 

The local advisers to the deal were:

Rothschild & Co, Sapila Capital, Questco, ENSafrica, Falcon & Hume, Webber Wentzel and PwC

MVM Holding’s acquisition of a majority stake in The Sharks 
In January 2021 New York-based international investment consortium MVM Holdings acquired a 51% majority stake in The Sharks franchise. The deal, the first of its kind for sport in South Africa, provides long term stability boosting its ability to attract and retain talent, grow the game locally and internationally and create opportunities for players from diverse backgrounds. Existing shareholders KZN Rugby Union and SuperSport collectively hold the remaining 49%.

The local advisers to the deal were:

Werksmans and Webber Wentzel

2020 PE Deal of the Year 

Gold Medal sponsored by

Sibanye.jpg
catalyst Logo.jpg

Capitalworks' acquisition of Peregrine

PE Deal of Year - Capitalworks.jpg

Local Advisers

One Capital_11.05.2017-01.png
Java Capital.JPG
CDH logo.jpg
Werksmans_Logo_300pi-02.png
Webber Wentzel 2.jpg
KPMG logo pantone 287-01.png
pwc-logo-png-transparent.png
Deloitte.png

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.

2019 PE Deal of the Year 

Gold Medal sponsored by

Sibanye.jpg
catalyst Logo.jpg

Acorn Private Equity for partial exit of Bearnibbles SA

PE DoY 2019 No 2.jpg

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

Richard Stewart (SibanyeStillwater), Arie Maree (Ansarada), Carl Neethling (Acorn Private Equity), Michael Avery (Catalyst) and Johan van Zyl (Acorn Private Equity).

2018 PE Deal of the Year 

catalyst Logo.jpg

Other Nominees for 2018:​

Community Investment Ventures Holdings (CIVH) acquisition of Vumatel

PE Deal of the Year 2018.jpg

Gold Medal Award

Sibanye.jpg

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 

catalyst Logo.jpg

Gold Medal Award

Sibanye.jpg

Disposal by Capitalworks of Much Asphalt 

PE Deal of the Year 2017.jpg

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)

2016 PE Deal of the Year 

Disposal by Actis of Tekkie Town to Steinhoff

catalyst Logo.jpg

Other Nominees for 2016:​

Gold Medal Award

Sibanye logo.jpg
PE Deal of the Year.jpg

African Rainbow Capital for Afrimat

Ethos for Eazi Group

Rockwood for Tsebo

Arie Maree (Ansarada),Charl Keyter (Sibanye Gold), Michael Avery (Catalyst) and David Cook (Actis)

2015 PE Deal of the Year 

Other Nominees for 2015:​

Disposal by Ethos of Plumblink to Bidvest

Ansarada.jpg
catalyst Logo.jpg

Gold Medal Award

Sibanye Au.jpg
PE Deal of the Year.jpg

Ethos for the Nampak divisions

Old Mutual PE For MoreCorp

Actis for Food Lovers Market

Jos van Zyl (Ethos), Arie Maree (Ansarada), Stephen Dearing (Ansarada) and Neal Froneman (Sibanye Gold)

2014 PE Deal of the Year 

Other Nominees for 2014:​

Acquisition by Actis of Compuscan

PE Deal of the Year 2014.JPG
catalyst Logo.jpg

Ethos for Tiger Automotive 

Actis for Tekkie Town 

Vantage Capital for Surfline Communications

RMB Ventures and Bopu Moruo for One Digital Media

Ali Mazanderani (Actis), Daryl Wray (Cell C), Charl Keyter (Sibanye Gold) and Michael Avery (Catalyst)

Gold Medal Award

Sibanye gold.jpg