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TRANSACTION
EXPERIENCE

Ismail has acted for and advised:

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  • ​GoldenTree, on the restructuring and recapitalisation of the Peermont Group. This included a ZAR4.1-billion local six-year senior debt finance, a c.ZAR1.2-billion six-and-a-half-year Rand-denominated mezzanine debt package provided by certain of the Group’s existing creditors

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  • GoldenTree, on its application for licences to hold an interest in a casino in five provinces

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  • The consortium purchasing Lanseria International Airport, comprising the PAIDF, a local consortium, and the PIC

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  • Pangbourne Properties Limited, regarding the scheme of arrangement between Pangbourne and its linked unit holders, as proposed by Capital Property Fund, with a value of approximately ZAR8 billion

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  • Glenrand M-I-B Limited and its shareholders, proposed by Aon South Africa (Proprietary) Limited with a value of approximately ZAR530 million

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  • Absa Group Limited, with its acquisition of the financial services business of Woolworths, a major South African food and clothing retailer

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  • Absa Group Limited, with its acquisition of the financial services business of the Edgars group, a major South African food and clothing retailer

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  • Rio Tinto and BHP Billiton, in the restructuring of their operations in Richards Bay and the shareholding. This involved exchange control, mining regulatory applications, corporate structuring, and competition matter

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  • Exxaro, on the unwinding of its majority shareholder in 2017. This in itself involved various corporate structures and the implementation of the company's new structure for those participants wishing to continue owning into Exxaro, in a multi-billion-Rand transaction

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  • Rio Tinto, on the transaction in which Rio Tinto and Anglo American sold a 74.5% stake in the JSE-listed Palabora Mining Company Limited for ZAR5.3 billion

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  • Sandvik group, with its international group restructuring and the BEE portions of the restructuring in South Africa, to ensure that Sandvik’s South African operation had optimal BEE positioning

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  • Essar Holdings, on the US$750-million takeover deal for one of Africa’s integrated steel works, Zimbabwe Iron and Steel Company (ZISCO)

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  • Anglo Platinum Limited, in their rights offer valued at ZAR12.5 billion, which at the time was the largest rights offer in the history of South Africa

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  • An American holding company, in the unwinding and restructuring of a South African subsidiary company in the ITC industry valued at approximately ZAR250 million

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  • A leading global management consultancy, on establishing a presence in South Africa

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  • EADS Deutschland GmbH, on the restructuring of ownership for their South African subsidiary, GEW Technologies

Transaction
Energy

ENERGY
EXPERIENCE

Ismail has specific and extensive experience in the energy sector, having advised or assisted:

 

  • various bidders on the economic development obligations and shareholding structures during each of the rounds to date of the Renewable Energy IPP. This includes the bidders awarded a 100MW Concentrated Solar Power plant, a 140MW wind farm and a 25MW Biomass project

 

  • the sale of various Renewable Energy IPP projects which have been developed and are then sold on to further parties, to operate for the duration of the plant's life

 

  • the Associazione Nazionale di Impiantistica Industriale, by presenting on the local content, ownership, and other economic development obligations in the 2019 ANIMP Energy Section Workshop in Milan

 

  • EnergyNet, as a panel moderator at the 2017 International Gas Co-Operation Summit

 

  • EnergyNet, as a presenter at the 2016 South Africa Gas Options Summit

 

  • a large multi-jurisdictional consortium, in establishing a local company for the future South African Gas to Power programme

 

  • an EPC consortium, in its structuring and establishment as a contractor to the project company in the 2020 Risk Mitigation IPP, as well as assisting with its role in the bid process

 

  • the local community participation of a project company, in its bid in the December 2020 Risk Mitigation IPP Procurement Programme

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