BSM has established a significant track record in corporate advisory services.

The following provide a summary of select assignments undertaken by members of the BSM team, which have been sorted by their service offering type.

CONSTRUCTION

Group Five Coastal businesses (2020) – disposal to Uniq Holdings

Stefanutti Stocks (ongoing) – disposal of various non-core businesses

Tractionel (ongoing) - CIG business rescue and disposal

CONCO (ongoing) – business rescue and wind down

RETAIL

Furniture City (2014) – sale of business

Beares (2014) – sale of business to Lewis Group

Dial-a-Bed (2014) – sale of business to Coricraft

Geen & Richards (2014) - sale of business

Ellerines (2014) – sale of business

Ellerines Rest of Africa (2014) – sale of business

Wetherlys (2014) – sale of business

Massmart (1998) – acquisition of Game Stores and CAN

Wooltru (2002) – unbundling and listing of Massmart

Wooltru (2002) – unbundling and listing of Truworths

Wooltru (2002) – unbundling and listing of Woolworths

Massmart (2002) – disposal of Affinity Logic to Datatec

Wal-Mart (2010) – acquisition of Massmart in South Africa

Woolworths (2012) – acquisition of Witchery Australia

AGRICULTURE

British Sugar (2006) – acquisition of Illovo Sugar

Louis Dreyfus, agri-trader (2016) acquisition of Progress Milling

Cape Orchard Company (2019) – sale of various businesses and properties

PROPERTY

Liberty International (2010) – unbundling and listing of Capital and Counties

Texton (2014) – acquisition of Greenstone Mall

Texton (2014) – acquisition of UK portfolio

SA Corporate (2014) – acquisition of Afhco Holdings

SA Corporate (2015) – acquisition of Zambian portfolio

Transcend (2018) – R1.2bn portfolio acquisition

Group Five Properties (2020) – disposal to confidential consortium

Stefanutti Stocks (ongoing) - restructuring, disposal of various non-core properties held in portfolio

Tongaat Hulett, property and agri-processing group (ongoing) – capital raising, restructuring and sale of various businesses

MINING

MCC Indonesia (2017) – disposal of shares to Buildmax

MCC Tharisa (2017) – disposal of business to Tharisa

MCC Mogalakwena (2017) – disposal of business to Concor Mining

MCC Aganang (2017) – disposal of business to Buildmax

MCC Training Centre (2017) – disposal of business to Buildmax

MCC Botswana (2017) – disposal of assets

MCC PPM (2018) – disposal of assets

Sky Sands (2020) – disposal process

Consolidated Building Materials (ongoing) – disposal

Merafe (ongoing) – various processes

FINANCIAL SERVICES

Brait, investment holdings (1998) – merger of Capital Alliance Bank and Capital Partners, reversal of these assets into Tolux SA and relisting of merged businesses on the Johannesburg, Luxembourg and London Stock Exchanges

African Harvest (2003) – delisting

ABSA Bank (2005) – takeover by Barclays Bank Plc

Bond Exchange of South Africa (2007) – demutualisation and M&A strategy

Prefsure, insurance (2016) – sale of shares

Relyant Insurance Company, insurance (2016) – sale of shares

Relyant Life Assurance, insurance (2016) – sale of shares

TECHNOLOGY

Convergenet (2011) – sale of non-core assets

Vox (2014) – disposal process

Pinnacle Holdings (2014) – acquisition of Datacentrix

Altron (2014) – acquisition of Altech

BCX (2014) – takeover by Telkom

Altron and Altech (2014) – East Africa sale process

Autotrader, retail tech (2014) – disposal process

Discover Digital (ongoing) - disposal process

OTHER

Ukhamba, logistics (2004) – acquisition of minority stake in Imperial Logistics

Adcorp, education (2014) – acquisition of LSA Australia

Adcorp, education (2014) – acquisition of Paxus Australia

Sun International, gaming (2014) – sale of interest in various businesses

Greendoor Logistics / Cargo2Congo, logistics (2016) – sale of interest to the Carlyle Group

Steinmüller (ongoing) - capital raising, disposal process and sale of shares

AES (oil and gas) (ongoing) – disposalBritish Sugar (2006) – acquisition of Illovo Sugar

INDUSTRIALS

Mondi, manufacturing (2011) – unbundling and listing of Mpact

Jasco, manufacturing (2014) – restructuring and capital raising

enX Group, industrials (2017) – acquisition of Zestcor

Everite, manufacturing (2021) – disposal to confidential consortium

Conlog (ongoing) – disposal

HEALTHCARE

Aviz (2019) – disposal to private equity fund

RH Bophelo (ongoing) – various acquisitions, JSE processes and due diligences since listing

INFRASTRUCTURE

Intertoll Africa (2019) – disposal to the Mabentu Consortium

Intertoll Europe (2020) – disposal to consortium

GAIA (2020) – internalisation of Management Company

CPM (ongoing) – disposal

CIGenCo (ongoing) – CIG business rescue and disposal

select deals (2014 - 2017)

Ellerine Furnishers (2014) (African based furniture retailer) – full restructuring of entire business

Ellerine Holdings (2014) (African based investment holding company) – full restructuring of entire business

Elgin Engineering (2015) (South African based heavy engineering company) – full restructuring of entire business

Progress Milling (2016) (South African based maize milling business) – advice in relation to the restructuring of the business post acquisition thereof

Basil Read (2017) (JSE listed construction company) – restructuring of various elements of Basil Read

eXtract Group (2017) (African contract mining company) – full restructuring of entire business

eXtract Group (2017) – restructuring of external debt of R1bn

eXtract Group (2017) – debt for equity swap of R1.9bn

select deals (2018 onwards)

Mintails Mining (2018) (South African based mining business) – business rescue and general assistancewith restructuring

Gardenshop (2018, 2020) (South African based retailer) – on-going restructuring of operations

Purple Group (2018) (South African financial services company) – corporate restructuring and capital raising

Denel (2019, 2021) – corporate restructuring review

Cape Orchard Company (2019) (Southern African based grape farms) – full restructuring of entire business

Tongaat Hulett Limited (2019, ongoing) - corporate restructuring (milling and property businesses)

Consolidated Infrastructure Group Limited and CONCO (ongoing) - corporate restructuring and business rescue

Group Five (ongoing) – corporate restructuring and business rescue

Stefanutti Stocks (ongoing) - corporate restructuring

select deals (2015 - 2017)

Ornua (2015) (European based diary company) – acquisition strategy

MLP (2015) (South African based diversified holding company) – strategic advice in relation to investments

Wild Rose (2015) (South African based diversified investment company) – strategic advice in relation to disposal of certain assets

MN Attorneys (2016) (South African based law firm) – strategic advice in relation to legal case and the valuation thereof

Koogan Plastics (2016) (South Africa based plastics and packaging company) – strategic advice in relation to disposal process

Torre Industries (2016) (JSE listed industrial holding company) – strategic advice in relation to acquisition strategy

ZAR X (2016) (South African based stock exchange) – strategic advice in relation to capital raising process and strategy

South Ocean Holdings (2017) (JSE listed industrial holding company) – strategic advice

Edge Evolve (2017) (African based ICT company) – strategic advice

Metalsa (2017) (Global automotive manufacturer) – strategic advice in relation to acquisition strategy in Africa

Advance Cash and Carry (2017) (South Africa based cash and carry business) – strategic advice in relation to disposal process

select deals (2018 onwards)

Bunengi Group (2018) – general strategic advice

PG Glass (2019) – general strategic advice

GAIA Infrastructure Capital / Mahube (2020)– general strategic advice

IEC (2020) (Australia based listed mining company) – strategic advice in relation to African assets

Botswana Public Officers Pension Fund (BPOPF) (2021) – strategic advice regarding specific confidential matter in the retirement structuring space

select deals (2001 - 2017)

Tiso Capital, PE fund (2001) – formation and capital raising for PE fund

Capital Alliance, insurance (2001) – rights issue

Associated British Foods (2009) – rights offer of Illovo Sugar

Gold One (2010) – capital raising

Tradehold (2011) – rights offer

AfrAsia Bank (2012) – capital raise through rights offer

Mine Restoration Investments (2012) – IPO

Tharisa (2014) – IPO

JD Group (2014) – rights offer

Accelerate Property Fund (2014) – IPO

Middelvlei Gold Mine (2015) - capital raising process

Elgin Engineering (2016) – capital raising process

Powerhouse Africa (2016) - capital raising process

SCS Aerospace (2016) - capital raising process

RH Bophelo (2017) (JSE listed) (South African based healthcare company) – IPO

Basil Read (2017) (JSE listed construction company) – capital raising from the Industrial Development Corporation

Discover Digital (2017) – capital raising from Thebe Private Equity

EduSciMat (2017) – capital raising process

Ivy Private Equity (2017) – ongoing capital raising process

select deals (2018 onwards)

Mintails Mining (2018) – capital raising process

Safari Investments (2018) – capital raising from SA Corporate Real Estate Limited

Purple Group (2018) (JSE listed) – capital raising of convertible instrument

Denel (2019) (SOE) – capital raising of working capital prior to National Treasury recapitalisation

GAIA Infrustructure Capital / Mahube (2020) (JSE-listed infrastructure investment holding company) – capital raising process and Manco Internalisation

Cresta Marakanelo (2020) – capital raising services

Bauba Resources (2020) (JSE listed) – capital raising investor presentation preparation

Transcend Residential Property Fund (2018,2021) (South African REIT) – capital raising process and portfolio acquisition

HEALTHCARE + PHARMACEUTICALS

Avicenna (2018)

Healing Hills (2018)

Life Piet Retief Hospital (2018)

Medicare Private Hospital (2018)

Aviz Laboratories (2019)

Peppina (2019)

Africa Assist (2019)

African Healthcare (2019)

Bell Street Hospital (2019)

GENRIC Insurance Company (2019)

Louis Pasteur (2019)

RMC (2019)

Spescare (2019)

Vryburg Private Hospital (2019)

Sakhiwo (2020)

Botshilu (2019 and 2020)

Health Worx (2019) and 2020)

HealthMed (2019 and 2020)

Rand Hospital (2019 and 2020)

RH Matjhabeng (2019 and 2020)

OTHER

Dusty Moon Investments (2018)

Maneli Pets (2019)

Public Investment Corporation (2020)

Real People Home Finance (2020)

Denel SOC Ltd (2019 and 2021)

Penflex, Alplas Plastics (2021)

CONSTRUCTION

Basil Read Construction (2017)

Al Tayer Stocks UAE (2020)

StefStocks Mining Services division (2020)

StefStocks Mechanical and Electrical (2020)

StefStocks Geotechnical division (2020)

StefStocks Civils division (2020)

StefStocks Coastal division (2020)

StefStocks Marine division (2020)

StefStocks Mozambique business (2020)

StefStocks Zambia business (2020)

StefStocks eSwatini business (2020)

StefStocks Botswana business (2020)

StefStocks Building division (2020)

Consolidated Infrastructure Group (2021)

Tractionel (2021)

Conco (2021)

RETAIL

Dial-a-Bed (2014)

Geen & Richards (2014) Furniture City (2014)

Ellerines (2014)

Beares (2014)

Barcelos (2016)

Advance Cash & Carry (2016)

DMF (2018)

GardenShop (2018, 2019 and 2020)

AGRICULTURE

Progress Milling (2016)

Cape Orchard Company (2019)

Meze Foods (2019)

Maneli (2018)

Tongaat Hulett (2020)

PROPERTY

SA Corporate Real Estate (2019)

Dipula Income Fund (2019)

International Housing Solutions (2019)

Transcend Residential Property Fund (2018 and 2021)

MINING

Mintails (2015)

Basil Read Mining (2017)

Extract Group (2017)

MCC Contracts (2017)

Holfontein (2018)

Merafe (2020)

Moolmans Contract Mining (2020)

Sky Sands (2020)

Consolidated Building Materials (2021)

FINANCIAL SERVICES

Relyant Insurance Company, Insurance (2015)

Relyant Life Assurance, Insurance (2015)

Prefsure, Insurance (2015)

African Unity Group (2017)

Purple Group Limited (2018)

Easy Equities (2018)

GT247 (2018)

Salt (2018)

Ubank (2019)

All Weather Capital (2019)

WesMart, Insurance (2019 and 2020)

TECHNOLOGY

SCS Aerospace (2016)

ICT-Works (2016)

Discover Digital (2017)

Edge Evolve (2017)

Valenture Institute (ongoing)

OTHER

Comprac, education (2016)

First National Media Investment Holdings, media (2016)

Greendoor Logistics, logistics (2016)

EduSciMat, education (2017)

Auditor General of South Africa – review of various valuations of SOE portfolio companies (2020 and ongoing)

Relativ Media, media (2019)

Penflex, Alplas Plastics (2021)

AES (2021)

INDUSTRIALS

Elgin Engineering (2015)

PG Glass (2016)

enX Group Limited (2016)

Grindrod Locomotives (2016)

KT Wash (2017)

Zestcor Eleven (2017)

IEC Holden (2017)

Koogan Plastics (2017)

Everite (2019)

Masslift (2019)

Afrisam (2019)

Sheet-Rite (2020)

Conlog (2021)

HEALTHCARE

Avicenna (2018)

Healing Hills (2018)

Life Piet Retief Hospital (2018)

Medicare Private Hospital (2018)

Africa Assist (2019)

African Healthcare (2019)

Bell Street Hospital (2019)

GENRIC Insurance Company (2019)

Louis Pasteur (2019)

RMC (2019)

Spescare (2019)

Aviz Laboratories (2019)

Peppina (2019)

Vryburg Private Hospital (2019)

Sakhiwo (2020)

Botshilu (2019 and 2020)

Health Worx (2019 and 2020)

HealthMed (2019 and 2020)

Rand Hospital (2019 and 2020)

RH Matjhabeng (2019, 2020 and ongoing)

INFRASTRUCTURE

GAIA Infrastructure Capital / Mahube (2018 and 2020)

Intertoll Europe (2019)

Intertoll Africa (2019)

CPM (2021)

CIGenCo (2021)

Vestas (2021)