Libstar Holding

Our South Africa-based corporate/M&A team advised Libstar Holdings on its acquisition, through Libstar Operations, of the entire issued share capital of Cape Foods, a premium supplier of an extensive, quality range of specialty food products.  The transaction was implemented through a subscription for shares by Libstar and a repurchase of the shares held by the existing shareholders.  Our team was responsible for the drafting of all agreements and supporting documents.  We also commented on all public announcements of the transaction.  The transaction was complicated by the fact that it was implemented by way of a share subscription and repurchase as opposed to a usual share acquisition.