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Publication
DEALMAKERS MAGAZINE
Page
FC.14.18
Date
Sat 01 Apr 2017
AVE (ZAR)
54565.62
Deal êSOUTH AFRICA'S CORPORATE FINANCE MAGAZINE
i v, Pas(mj x; A274
, FKR150.00 includ VJ
Volume 18: No. 1 '
Wl1stQuarter2017M&ARankingsplusallCorporateFinanceTransactions
incorporatingCatalyst & DealMakersarrica magazines
GENERAL CORPORATE FINANCE Q1 2017
RANKING THE SOUTH AFRICAN TOMBSTONE PARTIES
RANKINGSBYTRANSACTIONVALUE RANKINGSBYTRANSACTIONFLOW(ACTIVITY)
INVESTMENT ADVISERS *
No- Company Transaction Market No_ Company Noof Market TransactionValuesR'm Share% Transactions Share% ValuesR'm
1 RandMerchantBank 2122 237% 1 PSGCapital 8 18,18% 41652 InvestecBank 10824 19.97% 2 InvestecBank I 15.91% 108243 BarclaysAfrica 9000 16,61% JavaCapítal I 15.91% 54154 StandardBank 6577 1214% 4 RandMerchantBank 5 136% 12122
5 JavaCapital 5415 9,994 5 Nedbank(1B 4 100% 18086 PSGCapital 4165 160% 6 StandardBank 3 6.82% 6577I AEE1CorporateFinance 187 330% VunaniCorporateFinance 3 6.82% 518 MacquarieCapital 1817 335% 8 AEE!CorporateFinance ? 455% 1873 NedbankC18 1808 334% MacquaneCapital 2 455% 181710 Questco 400 0,14% 10 BarclaysAfrica 1 127% 9000
11 MerchantecCapital 170 031% Questco 1 127% 4001 YunaniCorporateFinance 51 0,10% MerchantecCapital 1 227% 170
SPONSORS
No- Company Transaction Market No- Company Noof Market TransactionValuesR'm Share% Transactions Share% ValuesR'm
1 InvestecBank 11610 24,50% 1 PSGCapital 12 16,90% $432 RandMerchantBank 9360 148% 2 InvestecBank 11 15.49% 11610
3 PSGCapítal $43 113% 3 JavaCapital 10 14.08% 67084 JavaCapital 670 1421% 4 RandMerchantBank I $,80% 93605 StandardBank 6577 130% 5 Questco 5 104% 8636 NedbankC18 1808 383% 6 Nedbank18 4 563% 1808I Questco 803 183% ArborCapitalSponsors 4 563% 6198 ArborCapitalSponsors 619 131% MerchantecCapital 4 563% 1783 DeutscheSecurities 419 080% ] StandardBank 3 423% 657710 Deloitte 32 0,1% 10 DeutscheSecurities 2 282% 41911 MerchantecCapital 178 08% Deloitte 2 25% 32
LEGALADVISERS
No_ Company Transaction Market No- Company Noof Market TransactionValuesR'm Share% Transactions Share% ValuesR'm
1 WebberWentzel 15879 32,60% 1 WebberWentzel $ 23,08% 15879
2 Allen&Overy(SouthAfrica) 10329 21,26% ENSafrica 6 2,08% 98143 ENSainica 9874 2033% 3 CliffeDekkerKotmeyr 4 1538% 6414
4 CliffeDekkerHofmeyr 6414 1320% 4 Allen&Overy(SouthAfrica) 2 1,694 103295 Lapin 3017 621% PaulBaard 2 1,694 4756 Fuxmans 1530 315% 6 lapn 1 385% 3017I PaulBarnard 415 (,95% 1 385% 15308 BakerMcKernie 400 082% BakerMcKennie 1 385% 4009 White&CaseLLP 358 0,74% White&CaseLLP 1 385% 35810 Roodt 289 050% Roodt 1 385% 28911 Werksmans 9 0.02% Werksmans 1 385% 9
REPORTING ACCOUNTANTS
No- Company Transaction Market No_ Company Noof Market TransactionValuesR'm Share% Transactions Share% ValuesR'm
1 PxC $000 €.11% 1 Deloitte 3 2127% Hu
2_ Deoite 6577 121% n 3 127% IT3 & 318 15,10% 3 GrantThorton 2 18,18% 1874 GrantThorton 187 812% MooreStephensFRRS 2 18,18% 475
5 MooreStephensFRRS 475 226% 5 PW 1 9,09% 9000
* InvestmentAdvisersincorporateFinancialAdvisersandothersclaimingthiscategory
Investment Advisers by Transaction Value
16.61%
i Rand Merchant Bank- is Investec Bank- ©Barclays Africa
OStandard Bank Other
Sponsors by Transaction Value
23.48% 24. 59%
14.21%
19.83%
17.89%
i Investec Bank ®Rand Merchant Bank B PSG Capital
~Java Capital Other
Legal Advisers by Transaction Value
12.51%32.69%
13.20%
20.33%
21.26%
mWebber Wentzel wAllen & Overy (South Africa) ' ENSafrica
C Cliffe Dekker Hofmeyr Other
Repor ting Accountants by Transaction Value8.72% 2 26%
GENERAL CORPORATE FINANCE RANKINGS Q1
Investment Advisers by Transaction Flow
18.18%
15.91%
11.36% 15.91%
®PSG Capital ® Investec Bank @Java Capital
ORand Merchant Bank Other
Sponsors by Transaction Flow
16.90%
43.66% .15.49%
i
9.86%
mPSG Capital ® Investec Bank ©Java Capital
C Rand Merchant Bank Other
Legal Advisers by Transaction Flow
30.77% 23.08%
®Webber Wentzel ®ENSafrica- imCliffe Dekker HofmeyrCAllen & Overy (South Africa) Other
Reporting Accountants by Transaction Flow9.09%
isPwC ®Deloitte mEYOGrant Thomton Moore Stephens FRRS
®Deloitte mEY ®Grant Thornton
CMoore Stephens FRRS PwC
GENERAL CORPORATE FINANCE ANALYSIS Q1 2017
No.
ShareIssues 51
ShareRepurchases 10
Restructurings 1
Unbundlings 2
CapitalReductions 0
OpenMarketTransactions 5
SpecialistSecurities 99
StockExchangeListings 8
Total 176
Q12017
VALUE(R)
30419199605
613057160
3017000000
4240375916
0
33222445416
3366803282
1849203170
82728084609
Q1 2016 Q1 2015
No. VALUE(R) No. VALUE(R) No.37 18193296840 45 23713603176 5810 585907998 5 2770853361 103 10651000000 5 675147570 61 91221480 2 108445187734 30 0 0 0 14 8068916450 1 19012259157 04 4712109257 38 1791524836283 3127225951264 4 7389418279 4
9 3169528403289 106 163797994113 110
*ListingABInBevR3tn
LARGEST GCF TRANSACTIONS Q1 2017NATUREOFTRANSACTION
OpenMarketAcquisitionby VolcanInvestments
RightsIssue LifeHealthcareUnbundlingby NiveusInvestments
JSEListing SeaHarvestRestructuring AlledTechnologies
SpecificIssue TsogoSunSpecificIssue GreenbayProperties
PrivatePlacement(IPG) LongdlifeURXlisting SenwesRightsIssue MaraDeltaProperty
COMPANY DETAILS
stakeinAngloAmericanequalto13%367346939sharesatR24,50pershare93,75%stake(431,250,094shares)intheGaminBusinessestoNiveusshareholdersatR9,74pershare
251362907sharesatR12,92pershare
collapseofAltron'scurrentcontrolstructure.Repurchaseof264374298NsharesatR9,90pershareplusthespecificissueof54421678sharesatR7,35pershareforcashtoVCP
18415757sharesatR27,46pershare
1324503311sharesatR1,51pershare
405000000sharesatR4,00andR5,00pershare
180789308sharesatR10,50pershare
98892723sharesat$1,40pershare
Q12014 Q12013VALUE(R) No. VALUE(R)
39587769332 3 196360284483739082631 10 58304625418929041461 3 8640774782290681222 2 10151155206
47117648 0 00 4 921983221
2076845114 19 5870417049997385358 3 12518561206
66667922766 IK 50509309804
ESTIMATED ANNOUNCEMENTDEALVALUE DATE VALUER'm
£2bn Mar15 31360000000
Jan20 9000000000
R4,2bn Mar14 4200375916
R3,25bn Mar23 3247608758
R3,02bn Mar17 3017000000
R2,15bn Mar14 2154000000
Rbn Mar16 2000000000
RZbn Mar31 2000000000
R1,89bn Feb20 1898287734
$138An Mar28 1786002575
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