2024 DealMakers Annual Awards
Date: Tuesday, 18 February 2025
Venue: Ballroom, Sandton Convention Centre
Headline and Gold Medal Sponsor
Deal of the Year
BEE Deal of the Year
Top Legal Advisers by Deal Value and Deal Flow
Individual DealMaker of the Year
Venue Sponsor
Wine Sponsor
MC: Nik Rabinowitz
Top Sponsors by Deal Value and Deal Flow
Entertainment: Sterling EQ
Brunswick Deal of the Year 2024
Groupe Canal+’s acquisition of MultiChoice
The announcement in 2024 marked the largest media M&A deal in Africa, valuing MultiChoice at R55bn. The acquisition of the remaining 64.3% at R125 per share – a premium of 63.96% to the 30-day VWAP and up on the non-binding offer of R105 per share, has the potential to create a media and entertainment player for Anglophone and Francophone audiences across the continent and, the scale to compete with the global majors.
Local Advisers to the deal were:
Exxaro BEE Deal of the Year 2024
Coronation Fund Managers' B-BBEE deal with the Imbewu and Ho Jala Trusts
In October 2024, Coronation announced the disposal of a 9.7% stake in the firm to the Imbewu Trust and the Ho Jala Trust for a transaction value of R1,47bn. The deal further enhances its level of effective black ownership to 51%. Prior to the announcement, Coronation was 31% black-owned. The shares will be subject to a notional funding arrangement for the duration of 10 years and beneficiaries of the trusts will receive a trickle dividend allowance – 10% of the cash distributions with the remaining 90% being used to reduce the notional funding balance.
Local Advisers to the deal were:
Business Rescue Transaction of the Year 2024
West Pack Lifestyle
West Pack which comprised five companies – West Pack Lifestyle, West Pack Lifestyle Distribution Centre, West Pack Lifestyle Franchise, Petzone and Petzone Franchise – went into voluntary rescue on 15 May 2024. Throughout the process, which took approximately seven months, all companies continued to trade, with no major retrenchments across all five rescues. Over 1,100 jobs, 30 Corporate Stores and 40 Franchise Stores (for West Pack) and 30 Petzone stores were saved.
Local Advisers to the deal were:
Catalyst Private Equity Deal of the Year 2024
Harith Infraco’s acquisition of assets from PAIDF
The R6,5bn acquisition of assets by newly established Harith InfraCo, marked the conclusion of PAIDF I, Africa’s first 15-year tenure in infrastructure fund. The introduction of equity partners Zungu Investments and Mergence Investment Managers join the Development Bank of Southern Africa and the Government Employees Pension Fund who remain invested in the assets managed by Harith General Partners. The assets, which include African energy assets, digital infrastructure assets in SA and a stake in one of SA’s largest privately owned international airports, were acquired at an attractive entry multiple for the new investors whilst resulting in significant returns for exiting PAIDF investors.
Local Advisers to the deal were:
Ince Individual DealMaker of the Year 2024
Sally Hutton (Webber Wentzel)
A private equity M&A specialist and Managing Partner at Webber Wentzel, Sally Hutton’s career spans nearly 30 years. She is recognised in the market as an exceptional private equity M&A lawyer. During 2024, she advised Actis on its acquisition of Swiftnet from Telkom, Alterra Capital and consortium partners in relation to the acquisition of the Chill Beverages Group from Old Mutual Private Equity, and Actis on its disposal of Octotel and RSAWeb to African Infrastructure Investment Managers and its consortium partners.
Cederberg Wines - Magnum of Wine - Draw Results
