Ince Individual DealMaker of the Year 2022

This is the 15th year in which such an award is to be made. Candidates are nominated by their peers in the M&A industry. From these nominations a shortlist of four candidates has been chosen by the Independent Selection Panel. They are (in alphabetical order):

Charles Young (Bowmans)

Partner and Head of Mining at Bowmans, Charles has led many high-profile and intricate transactions in the African resource sector. He led the team on behalf of NYSE-listed Ardagh Group on its entry into the African glass-packaging market with its acquisition of Consol, in a deal valued at $614m (R10bn). In another complex cross-border deal, Charles led the team representing Yamana Gold on its proposed acquisition by Gold Fields in a transaction valued at $6,7bn (R103,85bn). He advised Harmony Gold Mining on its acquisition of AngloGold Ashanti’s remaining operations in South Africa for $300m (R2,96bn), Orion Mine Finance on a complex $200m gold streaming arrangement and a $100m platinum streaming arrangement with Platreef Mine, a subsidiary of Ivanhoe Mines.

Christo Els (Webber Wentzel)

Christo has over 25 years of experience in the areas of corporate law and M&A, making the shortlist of candidates for DealMaker of the Year five times, and taking the title in 2011. He led teams in three transformational transactions during 2022, two of which have been shortlisted for the Brunswick Deal of the Year – the take private by the Manta Bidco consortium of Mediclinic International, and the Sanlam/Allianz joint venture of their insurance assets in Africa. In addition, Christo worked with Walmart on the acquisition of the remaining shares in Massmart. He also provided strategic advice on a number of matters, including Gold Fields’ proposed acquisition of Yamana Gold, and the disposal and repurchase programme implemented by Naspers and Prosus.

Johan Holtzhausen (PSG Capital)

During 2022 Johan, who has been at the forefront of South African dealmaking for the past 24 years, led his team in the PSG Group restructuring which involved the unbundling to shareholders of its six JSE-listed companies, two of which were dual-listed (R19,4bn), a scheme of arrangement for the repurchase of PSG shares, representing the unlisted portfolio, (R3,15bn) and the concurrent delisting of the group. His notable transactions from the past few years include the 2019 Brunswick Deal of the Year awarded to PepsiCo for the acquisition of Pioneer Foods (R23,6bn) and PSG Group’s unbundling of its 28.11% stake in Capitec (R28,9bn). This is the second year that Johan, who is the Managing Director of PSG Capital, has been shortlisted for the Ince Individual DealMaker of the Year.

Michael Dempster (Standard Bank)

In 2022 Michael, a corporate finance executive at Standard Bank, advised on two high profile and public M&A transactions in the local market – Walmart on its acquisition of the remaining stake in Massmart (R6,4bn), and Allianz on its joint venture with Sanlam, advising on the amalgamation of their respective African assets in a deal valued in excess of R33bn. The combined operations of Sanlam and Allianz will create the premier pan-African, non-banking financial services entity. Michael also advised the African Finance Corporation on its $100m (R1,7bn) equity investment from the Public Investment Corporation, which is a catalyst for private sector-led infrastructure investment across Africa.

The winner will be announced at the ANSARADA DealMakers Annual Awards on 21 February, 2023 at the Sandton Convention Centre.

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