Contact

CDH advised Old Mutual Private Equity and management in relation to the disposal of Holdsport Group to Frasers Group PLC

Back to top

CDH advised Old Mutual Private Equity and management in relation to the disposal of Holdsport Group to Frasers Group PLC

CDH advised Old Mutual Private Equity and management in relation to the disposal of their interests in Holdsport Group to Frasers Group PLC.

13 Dec 2024 1 min read Featured work

CDH's Corporate and Commercial and Competition Law practice areas advised Old Mutual Private Equity and management in relation to the disposal of their interests in Holdsport Group. Holdsport Group, the South African sporting, outdoor and recreation goods company, owns household names such as Sportsmans Warehouse and Outdoor Warehouse and has a network of 88 stores across South Africa and Namibia. The purchaser is Frasers Group PLC, which is listed on the London Stock Exchange.

You might also be interested in

25 Sep 2024

by Martha Mbugua and Stefani Wanjeri

Foreign governing laws and enforcement of foreign judgments in Kenya

In the case of Opera Software Ireland Limited v Keraco Holdings Limited (Miscellaneous Case E059 of 2024) KEHC 8699 (KLR)), the High Court of Kenya refused to enforce a foreign judgment against Keraco Holdings Limited (Keraco), a Kenyan company, due to the lack of clarity regarding the governing law of the contract. The judgment creditor, Opera Software Ireland Limited (Opera), sought to enforce a judgment awarded in its favour from the High Court of Justice in the UK. Both parties had entered into a simple contract for the provision of services which made reference to Opera’s standard terms and conditions accessible from theirwebsite.  

Corporate & Commercial Law

3 min read

30 Jan 2025

by Eugene Bester, Kuda Chimedza, Loyiso Bavuma and Sidumisile Zikhali

The effect of the accessorial principle on prescription, res judicata, and estoppel

In the matter of Estelle Le Roux and Another v Dielemaar Holdings (Cape) Pty Ltd and Another (414/2023) ZASCA 118, three lease agreements were concluded between a close corporation as the principal debtor and the respondents (creditors), with the applicants as sureties and co-principal debtors. The principal debtor fell in arrears in the amount of R1,035,406.63 in respect of the three leases.

Banking, Finance & Projects

6 min read

27 Jan 2025

by Roxanne Bain

Unpacking the Companies Act amendments 2024 | Social & Ethics Committee, sections 72 and 61

In our webinar held on the Companies Act amendments, our Professional Support Lawyer Roxanne Bain from our Corporate & Commercial practice explained the changes to sections 72 and 61 which relate to the composition and appointment of Social and Ethics Committees.

The Companies Act

04:57 Minutes

10 Dec 2024

by Stella Situma and Christine Mugenyu

Lender’s victory: Essential strategies for effective security enforcement

On 11 November 2024, the High Court in East African Cables PLC v Equity Bank (Kenya) Limited KEHC 14009 (KLR) delivered a ruling that reaffirmed the strong position of secured creditors in enforcing security. When East African Cables PLC (the borrower) defaulted on a KES 1.7 billion loan that was granted to it by Equity Bank (the bank), the court upheld the bank’s right to exercise its statutory power of sale over the charged properties despite the borrower’s attempts to block the process. This ruling reinforces key legal principles regarding the enforceability of different types of security and offers valuable lessons for lenders on how to navigate borrower disputes and ensure smooth enforcement of their rights.

Dispute Resolution

5 min read

1 Nov 2024

by Megan Rodgers, Amore Carstens, James Ross, Dean Tennant and Elham Shaik

Legislation on the move: The President signs the Upstream Petroleum Resources Development Act

The Upstream Petroleum Resources Development Bill (now the Upstream Petroleum Resources Development Act. 23 of 2024) (Act) was finally assented to by the President on 25 October 2024 and published in the Government Gazette on 29 October 2024.

Oil & Gas

9 min read

29 Jan 2025

by Nastascha Harduth and Katekani Mashamba

SCA confirms that post-commencement creditors are allowed to vote on business rescue plans

In a landmark decision, Mashwayi Projects (Pty) Ltd and Others v Wescoal (Ply) Ltd and Others (1157/2023) ZASCA 5 (29 January 2025), the Supreme Court of Appeal (SCA) has affirmed the right of post-commencement finance creditors (PCF creditors) to vote on business rescue plans.

3 min read

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline