Skip to content Skip to footer

Loading Results

Mergers and acquisitions

Overview

We have high levels of independence in relation to Mergers and Acquisition (M&A) mandates, since our advice is distinct and independent from financing. These attributes, coupled with a vast range of experience and a comprehensive track record, have made our M&A advisory team a key corporate adviser in the African market. Our position has been reinforced through the completion of key local and cross border deals. 

 

People sitting together in a mergers and acquisitions meeting

How we can help you

Mergers and acquisitions

  • Identifying, evaluating, and accessing acquisition targets, including capabilities fit.
  • Determining and assessing likely competition, including strengths and weaknesses, and funding ability.
  • Assessing the value, including development of a financial model.
  • Determining the optimal acquisition/merger structure.
  • Managing the diligence process.
  • Managing and minimising risk in transaction documentation.
  • Negotiating and closing the deal.

 

Divestments and sales

  • Determining the business to be divested and the best structure.
  • Developing a clear and concise marketing message.
  • Developing a tailored transaction process.
  • Assessing capital structure.
  • Advising on the market value.
  • Identifying buyers that would benefit from the business to be divested, given their capabilities fit with the target.
  • Identifying and accessing the key decision makers of buyers.
  • Managing other transaction advisers to limit management distraction.
  • Negotiating to maximise price and terms.
  • Closing the deal.

 

Takeovers

  • Takeover defence advice.
  • Bid pricing and strategy.
  • Consideration of funding structures.
  • Project managing the transaction, including other advisers.
  • Shareholder engagement.
  • Engaging with relevant regulatory bodies.
  • Implementation of takeover.

 

Joint ventures

  • Assessment of appropriates of JV to commercial objectives.
  • Identifying, evaluating and assessing suitable joint venture partners.
  • Accessing key decision makers of shortlisted joint venture partners.
  • Evaluation of the contribution of each JV partner, distributions and JV ratio.
  • Assessing and structuring the JV commercial terms.
  • Exit strategy.

 

Capital raisings / IPO

We will be an independent advisor to the Board of Directors, advising on the initial preparation phase through to execution, including on:

  • Pre-float preparation including optimal offer structure, capital structure and valuation.
  • Future Board composition.
  • Assistance with preparation of historical and forecast financial information for the Investigating Accountant/ Independent Expert.
  • Evaluation and appointment of IPO advisers including lead manager(s).
  • Assistance with drafting marketing materials including the Prospectus.
  • Coordination of work streams in relation to offer marketing.
  • Stakeholder management and assistance with media briefings.
  • Aftermarket support including review of analyst briefing reports.
  • In the event that a dual-track process is pursued, PwC can also assist in leading the trade sale.

 

Government privatisations

  • Identifying, evaluating and accessing bidders and concessionaires.
  • Managing government stakeholders.
  • Probity compliance.
  • Developing a clear and concise marketing message.
  • Developing a tailored transaction process.
  • Assessing capital structure.
  • Advising on the market value.
  • Managing other transaction advisers to limit management distraction.
  • Negotiating to maximise price and terms.
  • Closing the deal.

 

Strategic and feasibility advice

  • Creating the deal strategy.
  • Assessing industry dynamics.
  • Providing independent advice on valuation.
  • Developing capital structure and financing options.
  • Identifying, evaluating and assessing potential targets and suitors, including capabilities fit.

 

B-BBEE

  • Deciding the most appropriate empowerment strategy.
  • Designing and structuring the partnership.
  • Identifying and negotiating with the best partners fitting the selected strategy.
  • Assisting in the design and implementation of a sustainable funding structure. 
  • Delivering an appropriate value enhancing empowered organisation.
  • Ensuring that appropriate PwC specialists work together to provide a cost-effective solution, from a tax (including VAT and STT), exchange control, legal and other commercial drivers perspective.

 

{{filterContent.facetedTitle}}

{{filterContent.facetedTitle}}

Follow us

Required fields are marked with an asterisk(*)

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.

Contact us

Johan Schutte

Johan Schutte

Partner, PwC South Africa

Tel: +27 (0) 11 797 4249

Jan Groenewald

Jan Groenewald

Partner, PwC South Africa

Tel: +27 (0) 11 797 5380

Hide