Tax issues on stake sales and investment into managers: structuring, pitfalls and steps to take now
San-Marie Saaiman
Senior Associate (South African qualified)
About
San-Marie advises on a broad range of corporate transactions, including private M&A, joint ventures, intra-group re-organisations, investments and disinvestments, and does general corporate and company law advisory work.
She previously worked for a leading South African law firm where she advised local and international clients operating in a range of industries, including financial services, technology and communications, and has particular expertise in the South African fishing and liquor industries.
Experience
- Advising funds managed by Ares Management, a global alternative investment manager, on facilities provided to Titan Wealth Holdings in connection with a sale of the Titan asset management business.
- Advising the shareholders and management of Kathea Communications Solutions, a South African-based communications and workspace technology distributor, in the disposal of Kathea to an IT service management company listed on the Johannesburg Stock Exchange, for a published purchase price of c. ZAR90m.
- Advising a South African-based digital consumer finance business in two rounds of funding of, in aggregate, c. ZAR50m, comprising an initial investment from offshore investors alongside management structured as combination of convertible debt and equity funding, and a subsequent equity investment from a South African-based black economic empowerment investor.
- Advising Dutch-headquartered multinational brewing company Heineken, in its entry into the South African craft beer market through the acquisition a number of local craft breweries.
- Advising an Austrian-headquartered global manufacturer of flexible packaging solutions, in the disposal of its non-core African-based businesses pursuant to a series of transactions involving assets across Kenya, Mauritius and South Africa.
- Advising UK-headquartered global business services and technology company Radius Payment Solutions, acting as local counsel in its acquisition of a stake in the South African business of Key Telematics, a global vehicle tracking and asset management company with a sizeable African footprint.
- Advising a black economic empowerment consortium led by Sea Harvest Group Limited, a seafood and branded fast-moving consumer goods agri-business listed on the Johannesburg Stock Exchange, in its landmark acquisition of the Viking Group of companies (with assets situated across South Africa, Namibia and Mozambique), for a published purchase price of c. ZAR885m.