CORPORATE
FINANCE
RESTRUCTURING & DISTRESSED
ADVISORY
INTERNATIONAL TRANSACTION
SERVICES
TRADITIONAL MERCHANT
BANKING
CORPORATE
FINANCE
DISTRESSED
ADVISORY
INTERNATIONAL TRANSACTION
SERVICES
TRADITIONAL MERCHANT
BANKING
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.
DUE DILIGENCE
Birkett Stewart McHendrie has a staff complement of 9 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.
EQUITY RAISINGS + 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.
DISTRESSED CORPORATE ADVISORY
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.
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.
RESEARCH
We also provide our clients with detailed research concerning the market and industry in which:
- they operate in; and/or
- an acquisition target operates in.
RESTRUCTURING + BALANCE SHEET OPTIMISATIONS
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;
- Acquisitions;
- Disposals or partial exits;
- Take privates/delistings; and
- IPO's.
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 AND ZAR X LISTING 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.
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.
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.
IN PARTNERSHIP WITH METIS STRATEGIC ADVISORS
With over 125 years combined experience in the turnaround, restructuring, and related transaction services industry, the Metis Strategic Advisors (“Metis”) and BSM management teams have successfully amalgamated their expertise (through an unincorporated joint venture) to build an unrivaled track record in Southern Africa when it comes to managing and advising on, major restructurings in the region.
We work as a seamless and integrated team with client engagement being managed through one lead entity. Our team is collectively comprised of 25 Metis and BSM professional staff and consultants with expertise spanning a broad range of industries. Unified communication between the teams is assisted through our shared office in Johannesburg, South Africa.
RESTRUCTURING + BALANCE SHEET OPTIMISATIONS
PRE-BUSINESS RESCUE ENGAGEMENT
STAKEHOLDER ENGAGEMENT STRATEGIES
DEBT ADVISORY AND ARRANGING
DISPOSALS OF NON-CORE ASSETS AND BUSINESSES
RESTRUCTURING AND REFINANCING
CAPITAL RAISING FOR CORE BUSINESSES
EXIT OF CORE ASSETS
CREDITOR COMPROMISES
CREDITOR VALUE CREATION AND DISTRIBUTION
PRIVATE EQUITY ADVISORY
BUSINESS RESCUE AND LIQUIDATION VALUATIONS
With a global shift towards remote working off the back of COVID-19, and nationwide lockdowns, we have taken advantage of the significant opportunity to expand our transaction service offering internationally. Our clients welcome the opportunity to procure our high-quality resources at very competitive South African rates.
Our team of finance graduates, chartered accountants, and CFAs, with experience across multiple sectors, makes BSM International Transaction Services well placed to partner with international clients and assist them to make better investment decisions.
BSM International Transaction Services is structured through the Isle of Man (IOM) and established by BSM to provide high quality research, financial analysis and decision-making support to the UK and European investment community. We provide our clients with a flexible and cost-effective extension to their in-house team, enabling them to extend their capability and optimise their resources.
PRIMARY
FINANCIAL DUE DILIGENCE
VALUATIONS
Flexible and cost-effective support for the UK and European investment community.
SECONDARY
RESEARCH
FINANCIAL MODELLING
PREPARATION OF MARKETING DOCUMENTS
DUE DILIGENCE + MANAGEMENT
BACKING OUR CLIENTS THROUGH EQUITY PARTICIPATION
ACCESS TO CAPITAL THROUGH OUR NETWORK OF HNWI, INSTITUTIONAL INVESTORS AND LENDERS
FOCUS ON TRANSACTIONS WHERE WE ADD SIGNIFICANT VALUE
FOCUSED APPROACH ON SECTORS WHERE WE HAVE BUILT CORE EXPERTISE
ABILITY TO IMPLEMENT ANY FORM OF CORPORATE ACTION
STRONG FRANCHISE IN DISTRESSED ADVISORY PROVIDING A DEFENSIVE BUSINESS MODEL
