CDH Advised Consortium On Acquisition Of Zaad Group For Up To R1.42 Billion
Cliffe Dekker Hofmeyr Inc advised consortium on acquisition of Zaad Group for up to R1.42 billion
The full-service law firm primarily focused on the African continent, Cliffe Dekker Hofmeyr Inc (“CDH”), through its Corporate & Commercial, Tax & Exchange Control, Competition Law, and Banking, Finance & Projects teams, advised WIPHOLD, Government Employees Pension Fund (represented by Public Investment Corporation SOC Limited), Phatisa Food Fund 3 LLC, and Industrial Development Corporation of South Africa Limited on their acquisition of the Zaad Group from Zeder Investment Limited (through its wholly owned subsidiary Zeder Financial Services Limited) and other minority shareholders.
Under the sale agreement, Zeder Financial Services Limited and the minority sellers will dispose of up to 100% of the shares in Zaad Holdings Proprietary Limited (with any residual interest retained by management), together with the ZFS shareholder loan claims, for a total consideration of up to R1.42 billion.
The transaction is currently in its implementation phase and remains subject to the fulfilment of conditions precedent and regulatory approvals.
The Cliffe Dekker Hofmeyr Inc (CDH) deal team comprised Emil Brincker (Practice Head, Director – Tax & Exchange Control), Jaco Meyer (Director – Corporate & Commercial), Susan Meyer (Director – Competition Law), Amelia Heeger (Director – Corporate & Commercial), Oz Brink (Senior Associate – Banking, Finance & Projects), Robin Henney (Associate – Competition Law), Raaheel Bux (Associate Designate – Corporate & Commercial), Njeri Wagacha (Partner | Kenya), Sheilla Mokaya (Associate | Kenya), Kevin Kipchirchir (Associate | Kenya), Sara Ndei (Associate | Kenya), Serah Mulatya (Associate | Kenya), Wambui Kimamo (Associate | Kenya), and Melanie Njuhigu (Intern | Kenya).
Cliffe Dekker Hofmeyr Inc (CDH) is a leading full-service African law firm, notably one of the "Big Five" in South Africa with an extensive reach across Africa - consisting of more than 350 lawyers and a track record spanning over 168 years.
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