South Africa

African Development Bank ESG-linked notes issue
Representation of African Development Bank in respect of its ZAR 2 billion subscription for ESG-linked notes, listed on the Johannesburg Stock Exchange and issued under the Nedbank ZAR 25 billion Domestic Medium Term Note Programme. The notes are listed on the green bonds segment of the Johannesburg Stock Exchange and will be used for specified ESG projects. The bonds are the first of their kind in Africa. Winner of the Local Currency ESG & Sustainable Finance Deal of the Year and the Local Currency Bank/FI Bond Deal of the Year 2021, and the Bonds & Loans Awards 2021.

Eastern and Southern African Trade and Development Bank MIGA
Representation of the lenders on a €334.4 million commercial bank term loan to Eastern and Southern African Trade and Development Bank with a guarantee from the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, the proceeds of which will be used for trade finance and COVID-related purposes. This deal was awarded the Trade Finance Transaction for Pandemic Relief in Africa Award by the Global Trade Review, 2021.

Various development finance institutions' loans to Aspen
Representation of the International Finance Corporation (IFC), French Development Agency subsidiary Proparco, DEG, the German Development Finance Institution, and the US International Development Finance Corporation (DFC) on an aggregate of €600 million in loans to be advanced to Aspen Finance Proprietary Limited, a member of the global pharmaceutical group Aspen Pharmacare.

Private equity disposal of JSE-listed The Foschini Group
Advising on the ZAR2.35 billion disposal by Actis, other private equity sellers as well as the current and previous management of Tapestry Home Brands Proprietary Limited to Johannesburg Stock Exchange–listed The Foschini Group Limited.

The Carlyle Group's disposal of GCR to Moody's
Representation of The Carlyle Group and its co-investors in Global Credit Rating Company Limited (GCR), a Mauritian incorporated credit rating agency, in relation to a transaction pursuant to which the sellers will, over a period of time, dispose of their entire interest in GCR to Moody's Group Cyprus Limited (Moody's), an indirectly wholly owned subsidiary of Moody's Corporation. The GCR group is the leading rating agency in Africa accounting for the majority of all ratings accorded on the African continent. Furthermore, the group has the largest rating team in Africa, with operations in South Africa, Mauritius, Nigeria, Kenya and Senegal. This transaction is being heralded as a very significant transaction for the sub-Saharan region, as it is Moody's biggest foray into Africa.

ASK Chemicals
Representation of ASK Chemicals GmbH, a portfolio company of the Rhône Group, in its US$90 million acquisition of SI Group, Inc.'s industrial resins business in Brazil, India and South Africa.

Anchor Group Limited
Representation of Anchor Group Limited in relation to the repurchase of shares and subsequent delisting from the Johannesburg Stock Exchange.

AngloGold Ashanti
Representation of AngloGold Ashanti Limited in relation to a transaction pursuant to which it agreed to dispose of various mining assets in South Africa to Harmony Gold Mining Company Limited for a purchase consideration of US$300 million.

WIOCC
Representation of the lenders in relation to financing made available to The West Indian Ocean Cable Company (WIOCC). WIOCC is jointly owned by 14 major African telecommunications companies—all Tier-1 operators or license holders in their respective markets.

International Finance Corporation
Representation of the International Finance Corporation in relation to the equity and debt investments made by the IFC (and other associated entities of the World Bank Group) in the Kinyinya housing development, which forms part of the larger Green City Kigali.

Representation of International Finance Corporation and other development finance institutions in the Seven Sisters renewable power projects in Jordan. The Seven Sisters are a group of seven solar photovoltaic (PV) projects totaling 102 MWdc/91 MWac of new capacity. The seven plants were part of the first round of a renewable energy program launched by the government of Jordan in 2011. The project included 12 solar power plants, ranging in size from 10 to 50 MWac, for a total capacity of 200 MWs.