M&A | CAPITAL RAISING | DISTRESSED ADVISORY | FUND MANAGEMENT | RESEARCH

BIRKETT STEWART McHENDRIE

We are a South African corporate advisory and capital raising firm with a “boutique” culture, providing both strategic and financial advisory services.

The founding directors have been working together since 2012, completing sophisticated financial advisory services for our clients ranging from family businesses to large multinationals and private equity funds.

Our trusted professionals are able to structure and execute tailor-made mandates, drawing upon experience as corporate and distressed advisers.

Our team combines expertise with sector specialisation, ensuring an in-depth understanding of our clients’ requirements.

We listen to our clients, we work as partners in order to positively challenge each other and optimise our chances to successfully close any transaction.

We act independently and are governed by a strict policy of confidentiality in order to provide conflict-free advisory services.

SERVICES

Birkett Stewart McHendrie provides differentiated, strategic and financial advice to clients across various industries and business life-cycles. Our service offering and key areas of expertise include:

  • Mergers, acquisitions and disposals;
  • Equity raising and stock exchange listings;
  • Debt advisory and arranging;
  • Valuations;
  • Distressed corporate advisory, including business rescue processes;
  • Restructuring and balance sheet optimisation;
  • Private equity advisory;
  • JSE Listings Requirements;
  • Research; 
  • Black economic empowerment transactions;
  • Property Advisory; and
  • Financial Due Diligence
MERGERS, ACQUISITIONS AND DISPOSALS

Birkett Stewart McHendrie creates significant value for its clients before, during and after the transaction process, through:

  • Providing comprehensive business valuations;
  • Efficiently managing the transaction process;
  • Advising on and participating in negotiations;
  • Providing structuring solutions to ensure that the transaction is structured in an efficient manner;
  • Determining the optimal funding structure for a transaction;
  • Assisting with due diligence, risk management and governance; and
  • Communicating to all stakeholders during the transaction process.

We provide advice on a full range of transactions, including:

  • Mergers and acquisitions;
  • Leveraged buyouts;
  • Disposals;
  • Joint ventures;
  • Spin-offs; and
  • Divestures and other restructurings
EQUITY RAISING AND STOCK EXCHANGE LISTINGS

We assist our clients in growing their business by raising capital to repay debt and fund acquisitions.

In addition to structuring and raising capital through listings and placements, our team also offers specialist advice for:

  • Rights offers;
  • Share buy-backs; and
  • Unbundlings
DEBT ADVISORY AND ARRANGING

We offer corporate and private equity borrowers independent and objective financing advice and can assist in arranging any type of debt finance.

DISTRESSED CORPORATE ADVISORY INCLUDING BUSINESS RESCUE PROCESSES

Birkett Stewart McHendrie offers assistance to distressed companies and business rescue practitioners through the provision of corporate advisory services in business rescue processes.

We also assist our clients in raising the required capital to support them with their turnaround strategy.

RESTRUCTURINGS AND BALANCE SHEET OPTIMISATION

Birkett Stewart McHendrie has specialist experience in providing clients with innovative solutions to optimise their capital structure, including clients in distressed situations. Restructuring solutions typically require a detailed assessment of the company’s value, future cash flows and liquidity requirements and subsequent negotiations with all stakeholders to restructure existing debt and to raise new capital in the debt and/or equity market.

• We offer the following integrated services:
– M&A advisory and execution;
– Equity and debt fundraising and negotiations with current and / or future debt providers;
– Acquisitions;
– Disposals or partial exits;
– Take privates/delistings; and
– IPOs.
VALUATIONS

Birkett Stewart McHendrie offers a wide range of objective and independent valuation services to listed, private, multinational and governmental organisations.

• Our service offering includes:
– Company valuations;
– Independent expert reports;
– Fairness opinions;
– Property valuations; and
– Option valuations.

Our team looks at each transaction holistically and provides a tailored service offering on a case by case basis – which is obtained from the insights gained from a number of local industries and market niches using the team’s experience.

JSE LISTINGS REQUIREMENTS

We advise on the JSE Listings Requirements and where necessary will prepare documentation, including circulars and announcements, for submission to the JSE.

PRIVATE EQUITY ADVISORY

Birkett Stewart McHendrie offers fully integrated services for investors and private companies, which include:

– M&A advisory and execution;
– Raising equity and debt funding;
– Acquisitions;
– Disposals or partial exits;
– Take private / delistings from Johannesburg Stock Exchange; and
– IPOs and restructurings.
RESEARCH

We also provides our clients with detailed research concerning the market
and industry in which:

– they operate in; and/or
– an acquisition target operates in.
BLACK ECONOMIC EMPOWERMENT TRANSACTIONS

We assist our clients in achieving their BEE objectives and offer advice on the following:

– BEE codes and industry charters;
– Structuring;
– Funding;
– Process;
– Identification and introduction of a BEE partner;
– Valuation; and
– JSE/TRP/Competition Authorities aspects.
PROPERTY ADVISORY

Tenurey BSM was formed in 2016 through the amalgamation of Birkett Stewart McHendrie, Tenurey Bespoke Advisory and highly regarded property specialists. All parties realised the opportunity to combine the skills and networks of a property focused merchant banking team with a team of highly experienced property professionals.

We provide a full scope of corporate finance and property specific services including inter alia: M&A advisory, due diligence investigations, asset and development management, disposals, capital raising and IPOs.

For further information click here. 

FINANCIAL DUE DILIGENCE

Birkett Stewart McHendrie has a staff complement of 8 Chartered Accountants who have extensive audit and financial due diligence experience having provided such services to a wide range of clients including private equity funds, corporates, large multinationals and family businesses.

Birkett Stewart McHendrie ‘s expertise is augmented by industry specialists to ensure our clients receive a detailed analysis that covers all aspects of a financial due diligence required in any M&A transaction (or other) and includes a valuation of the underlying business(es).

We provide our clients with a detailed financial due diligence report that highlights all considerations that would be required in the implementation of a transaction and ensures our clients make the most informed investment decision.

Our team combines expertise with sector specialisation,
ensuring an in-depth understanding of our clients’ requirements

PEOPLE

DIRECTORS

Patrick Birkett

Patrick Birkett
Founding Director

Shaun Stewart

Shaun Stewart
Founding Director

Dean McHendrie

Dean McHendrie
Founding Director

Dave Lake

Dave Lake
Director

Our trusted professionals are able to structure and execute tailor-made mandates, drawing upon experience as corporate and distressed advisers.

Our team combines expertise with sector specialisation, ensuring an in-depth understanding of our clients’ requirements.

We listen to our clients, we work as partners in order to positively challenge each other and optimise our chances to successfully close any transaction.

We act independently and are governed by a strict policy of confidentiality in order to provide conflict-free advisory services.

Patrick Birkett

Patrick Birkett
Founding Director

MOBILE +27 82 485 5736
EMAIL patrick@bsm3.co.za

Patrick Birkett

B Bus Sci (Finance) (Hons), CA (SA)
Patrick is a corporate finance executive and founding director of Birkett Stewart McHendrie. He is a qualified Chartered Accountant and co-founded the business in 2015 after having worked at AfrAsia and Investec Bank Limited. Patrick has advised clients on a number of significant mergers and acquisitions, IPO’s, private equity transactions, corporate restructurings and listings and has an in-depth knowledge of distressed M&A and the business rescue environment in South Africa.

Shaun Stewart

Shaun Stewart
Founding Director

MOBILE +27 82 479 7147
EMAIL shaun@bsm3.co.za

Shaun Stewart

B Bus Sci (Finance) (Hons), CA (SA), CFA
Shaun is a corporate finance executive and founding director of Birkett Stewart McHendrie. He is a qualified Chartered Accountant and Chartered Financial Analyst. Shaun co-founded the business in 2015 after having worked at Investec Bank Limited for seven years. Shaun has advised clients on a number of significant mergers and acquisitions, IPO’s, corporate restructurings and listings and has developed an expertise in the property sector.

Dean McHendrie

Dean McHendrie
Founding Director

MOBILE +27 82 407 1575
EMAIL dean@bsm3.co.za

Dean McHendrie

BCom (Hons), CA (SA)
Dean is a corporate finance executive and founding director of Birkett Stewart McHendrie. He is a qualified Chartered Accountant and co-founded the business in 2015 after having served his articles at EY followed by 4 years at Investec Bank Limited’s corporate finance division. Over the course of Dean’s corporate finance and advisory career, he has advised a number of clients (operating in numerous sectors) on several M&A transactions, capital raises, private equity transactions, corporate restructurings and listings

Dave Lake

Dave Lake
Director

MOBILE +27 82 607 3601
EMAIL dave@bsm3.co.za

Dave Lake

B Bus Sci (Hons) 
Dave is a corporate finance executive and director of Birkett Stewart McHendrie. Formerly Managing Director with international investment bank NM Rothschild, Dave has twenty nine years in the investment banking and financial services industry, twenty of those years in corporate finance advisory. He has an extensive track record of corporate finance experience in strategy formulation, mergers, acquisitions, restructuring, capital raising, debt raising, debt restructuring, listings, valuation and project management. He has led strategy formulation assignments for numerous listed companies and in the formulation and execution of complex, cross border corporate restructurings and M&A transactions.

PEOPLE

TEAM MEMBERS

Stian Theron

Stian Theron
Vice President

MOBILE +27 84 587 6554
EMAIL stian@bsm3.co.za

BAcc, BAcc (Hons), CA (SA)
Stian is a corporate finance analyst and joined Birkett Stewart McHendrie in 2017. Prior to joining Birkett Stewart McHendrie, Stian was an Assurance Manager at PwC in the Johannesburg office after qualifying as a Chartered Accountant 2015. Industry experience include telecommunications and entertainment, construction and manufacturing, pharmaceuticals and retail.  Stian worked on a number of large listed and private companies including Vodacom, Sanofi Aventis, Omnia and Phillip Morris. Stian was seconded to the PwC Amsterdam office where his clients included Naspers and Johnson & Johnson. Stian completed the JSE Sponsorship Development Program in 2018 and is currently studying towards his CFA charter.

Michael Wiseman

Michael Wiseman
Vice President

MOBILE +27 72 176 5053
EMAIL michael@bsm3.co.za

CA (SA), Post Graduate Diploma in Accounting, BCom (Accounting)
Michael is a corporate finance analyst and joined Birkett Stewart McHendrie in 2018. He is a qualified Chartered Accountant. Michael has experience in financial modelling, valuations, mergers and acquisitions and financial due diligence. Prior to joining Birkett Stewart McHendrie, Michael was an assistant audit manager in the Banking and Capital Markets division at Deloitte’s London office. He completed his articles at Deloitte with experience in banking, insurance, logistics, manufacturing and FMCG industries.

Deon Slabbert

Deon Slabbert
Analyst

MOBILE +27 66 082 6514
EMAIL deon@bsm3.co.za

BCom, BCom (Hons), CA (SA), CAIA
Deon is a corporate finance analyst and joined Birkett Stewart McHendrie in 2019 and qualified as a Chartered Accountant in 2015. Prior to joining Birkett Stewart McHendrie, Deon worked at Harmonic Fund Services and was an assistant audit manager in the Alternative Investment division at KPMG in the Cayman Islands. He completed his articles at KPMG in Johannesburg, with experience in consumer markets and technology. Deon is a CAIA Charterholder.

Deon Slabbert

Leslie Gwizi
Analyst

MOBILE +27 73 742 1065
EMAIL leslie@bsm3.co.za

BCom Investment Management (Hons)
Leslie is a corporate finance analyst and joined Birkett Stewart McHendrie in 2020. Prior to joining Birkett Stewart McHendrie, Leslie was a corporate finance analyst at Harvest Advisory and an equity analyst at Vele Asset Managers. Industry experience includes property, mining, retail, construction, manufacturing, and FMCG industries. He obtained a BCom (Hons) Investment Management degree majoring in Portfolio Management, Asset Valuation, and Corporate Finance from the University of Pretoria and is currently a CFA Level 3 candidate.

Deon Slabbert

Dion Salmon
Analyst

MOBILE +27 72 441 8686
EMAIL dion@bsm3.co.za

BAcc, LLB, BAcc (Hons), CA (SA)
Dion is a corporate finance analyst and joined Birkett Stewart McHendrie in 2020. Prior to joining Birkett Stewart McHendrie, Dion was a Senior Associate at PwC in the Johannesburg office and qualified as a chartered accountant in 2019. Dion completed his articles in the Consumer and Industrial Products and Financial Services, Insurance and Investment Management divisions. Dion’s industry experience includes pharmaceuticals, manufacturing, FMCG, financial services, motor retail and security services. Dion also holds an LLB degree from Stellenbosch University.

Focused on long-term value creation for our clients
 
 
 
 
 
 

CREDENTIALS

Birkett Stewart McHendrie has developed a track record of successful transactions and trusted advisory relationships with a variety of industry participants, including high net wealth individuals, boutique corporate clients and larger corporates

DEBT RESTRUCTURING AND CAPITAL RAISE

STRATEGIC ADVISORY

SALE OF TRADEMARK

BUSINESS RESCUE (DISPOSAL TO INVESTOR)

SALE OF TRADEMARK

RESTRUCTURE OF EXTRACT GROUP

DISPOSAL PROCESS

DISPOSAL PROCESS

VALUATION AND DISPOSAL PROCESS

CAPITAL RAISE PROCESS

VALUATION AND STRATEGIC ADVISORY SERVICES

DISPOSAL PROCESS

IPO (JSE LISTING)

RESTRUCTURE AND HOSTILE TAKEOVER

BUSINESS RESCUE PROCESS

CAPITAL RAISE AND ACQUISITION ADVISORY

DISPOSAL TO LEWIS GROUP

CAPITAL RAISE PROCESS

SALE OF ELLERINES, BEARES AND FURNITURE CITY

DISPOSAL TO CORICRAFT

Careers

careers@bsm3.co.za

Enquiries

shaun@bsm3.co.za

Address

Ground Floor, Jindal Africa
22 Kildoon Road, Bryanston,
Johannesburg, South Africa, 2191