CDH advised Coronation Fund Managers Limited
CDH's Corporate & Commercial and Tax & Exchange Control practices advised Coronation Fund Managers Limited in respect of a series of transactions whereby Coronation shares will be issued to two trusts, one being a vehicle for an employee share ownership plan set up for the benefit of employees who are black people, and the other being a broad-based ownership scheme which conducts public benefit activities for the benefit of black people. These transactions represent a strong commitment on the part of Coronation to promote the objectives of Broad-Based Black Economic Empowerment. CDH's integral role in this transaction is testament to our breadth of expertise and the trust that our high-profile clients have in us. The deal has been shortlisted by DealMakers for the Exxaro BEE Deal of the Year.
Other advisers on the transaction include –
- Nedbank Corporate and Investment Banking, as investment bank, corporate adviser and transaction sponsor;
- BDO Corporate Finance, as independent expert;
- KPMG, as external auditor and reporting accountant specialist;
- Black Lite Consulting, as specialist B-BBEE advisor;
- Kim Bromfield, as technical accounting specialist; and
- Valeo Capital, as sponsor.
