David Pinnock
David Pinnock is a Director in our Corporate & Commercial practice and Joint Sector Head for our Private Equity sector. David specialises in mergers and acquisitions and has experience in a wide range of transactional work (both public and private equity). David also has broad experience in corporate finance and other corporate and commercial work.
About David
About David
David started his career as a candidate attorney at Cliffe Dekker and Todd (now Cliffe Dekker Hofmeyr) in 1997. He was appointed as an associate in 1999, senior associate in 2000 and became a director in 2001.
Credentials
Credentials
Education
- BA LLB, University of the Witwatersrand
- Year of admission as an attorney: 1999
- Registered with the Legal Practice Council
Languages
Languages
- English
About David
David started his career as a candidate attorney at Cliffe Dekker and Todd (now Cliffe Dekker Hofmeyr) in 1997. He was appointed as an associate in 1999, senior associate in 2000 and became a director in 2001.
Credentials
Education
- BA LLB, University of the Witwatersrand
- Year of admission as an attorney: 1999
- Registered with the Legal Practice Council
Languages
- English
Experience
Bud Group
Advised Bud Group on a multi-billion-rand series of inter-linked transactions whereby Bud disposes of various businesses to facilitate the exit of certain of its major shareholders and repositions its capital structure.
Prudential Financial, Inc and LeapFrog Investments
Advised Prudential Financial, Inc and LeapFrog Investments on their acquisition of a stake in JSE listed Alexander Forbes through an innovative public partial offer structure coupled with an off-market acquisition.
Rebosis
Advised the business rescue practitioners of Rebosis on the public sale process whereby various portfolios of retail and commercial assets were sold in several multi-billion rand transactions by the BRPs to various bidders
Vumatel and Dark Fibre Africa
Advised Vodacom on its multi-billion rand acquisition of an interest in Vumatel and Dark Fibre Africa.
Bud Group and Assupol Limited
Advised Bud Group and Assupol Limited on the shareholding of Bud in Assupol and in relation to Assupol's listing on the Cape Town Stock Exchange
Letter One and Blantyre
Advised Letter One and Blantyre in their €447 million acquisition of the European businesses of JSE listed Ascendis Health through an acquisition of the senior debt of Ascendis Health and an exchange of assets
Vumatel
Advised the shareholders of Vumatel on the multi-billion rand disposal of Vumatel to CIVH, a subsidiary of Remgro.
Sun International
Advised Sun International on the R2.1 billion acquisition by Tsogo Sun of a 40% stake in Sun International's SunWest (Grandwest Casino) and Worcester operations and the partial exit of Grand Parade Investments Limited.
Sun International
Advised Sun International in its staggered disposal of controlling interests in its Botswana, Lesotho, Namibia, Swaziland and Zambia hotel businesses to Minor International Public Company Limited (listed on the Stock Exchange of Thailand).
IEP Group
Advised IEP Group, formerly the private equity investments business of Investec Bank, on a series of integrated transactions with Khulasande Capital and the shareholders and management of each of the Goscor Group of Companies, Concord Cranes, Prowalco, Uni-Span Holdings and Afrit to create industrial services holding group, InServe.
IEP Group, Khulasande Capital
Advising IEP Group, Khulasande Capital and the shareholders and management of each of Idwala Industrial Holdings, Ferro Industrial Products. Chlor-Alkali Holdings (CAH) and CJP Chemicals, in a series of integrated transactions to create an industrial chemicals holding group, Synchem.
IEP Group
Advised IEP Group on a series of integrated transactions with the shareholders of its various portfolio companies to create the Bud Group.
IEP Group
Advised IEP Group in its multi-billion rand acquisition of Idwala Industrial Holdings, a leading South African miner and producer of industrial minerals and lime, from a private equity consortium. Idwala was vended into Synchem.
Investec Bank
Advised the private equity division of Investec Bank on various acquisitions and disposals, the bulk of the portfolio now forming the Bud Group.
RMB Corvest, Stockdale Street and Bopa Morua
Advised RMB Corvest, Stockdale Street and Bopa Morua on the acquisition of Autotrader and its disposal to Naspers Limited.
Keller Group plc
Advised Keller Group plc on its acquisition of the Esorfranki Geotechnical business of Esorfranki Limited conducted in South Africa and various other African jurisdictions.
Calulo Investments
Advised Calulo Investments on a variety of acquisitions and disposals, including in relation to Tosaco (Total SA), Sturrock Grindrod Maritime, Rohlig Grindrod and FFS Refiners.
Massmart Holdings
Advised Massmart Holdings on various acquisitions of independent FMCG retailers.
Metorex
Advised Metorex on the sale by Metorex shareholders to Jinchuan Group (following a failed bid by Vale SA). This major investment by a Chinese entity in the resources sector in South Africa, Zambia and the DRC was the most substantial M&A transaction in the resources field in Sub-Saharan Africa in 2011 and was concluded in the face of several competing bids; transaction value R9.11 billion. The deal was named "Deal of the Year" by DealMakers.
Anooraq Resources Corporation
Advised Anooraq Resources Corporation and its wholly owned subsidiary, Plateau Resources, on the acquisition from Anglo Platinum and its wholly owned subsidiary, Rustenburg Platinum Mines, of, amongst others, an effective 51% of Lebowa Platinum Mines (transaction value R2,6 billion).
Blue Horison Investments
Advised Blue Horison Investments 41, whose shareholders consists of a consortium of BEE shareholders and communities, on the acquisition of 24% of Richards Bay Minerals, a joint venture between Rio Tinto and BHP Billiton (transaction value R4 billion).
Clear Channel and Independent Newspapers
Advised Clear Channel and Independent Newspapers on the acquisition of the outdoor advertising business of Corpcom, which included businesses and subsidiaries throughout Africa.
Independent Newspapers
Advised Independent Newspapers on the disposal of its African outdoor advertising business to a private equity consortium (transaction value R1,2 billion).
CCMP Asia
Advised CCMP Asia on the acquisition of Waco, a company with interests in South Africa, Australia, New Zealand, Namibia and Zimbabwe, at that time being South Africa's largest ever private equity transaction (value R5,4 billion)
News
Locked-in shareholders: What happens when the honeymoon is over
The recent Supreme Court of Appeal (SCA) judgment in Technology Corporate Management (Pty) Ltd and Others v De Sousa and Another (Case No 613/2017) ZASCA 29 (26 March 2024) is intricate,...
Light on the Horizon: Following subdued M&A activity in 2023
David Pinnock, Director in the Corporate & Commercial practice was featured in the JSE Magazine where he discussed Light on the Horizon: Following subdued M&A activity in 2023, there's...
Rogue directors counting the grains in the hourglass
There are many famous quotes about the passage of time, and miscreant directors may well be pondering a number of these in light of recent developments regarding the time-barring of...
Reconsidering pre-emptive rights clauses in the context of “package deals”
The case of Plattekloof RMS Boerdery (Pty) Ltd v Dahlia Investment Holdings (Pty) Ltd (667/2021) ZASCA 182 is a recent appeal heard by the Supreme Court of Appeal (SCA) involving a...
Distributions: More than meets the (i)
Section 46 of the Companies Act 71 of 2008 (Act) is clear on the requirements that must be met before a company may make a distribution – a company must not make any proposed distribution...
The Art of Corporate Revival: Exploring Effective Turnaround Tools & Strategising
CDH hosted a panel discussion titled "The Art of Corporate Revival: Exploring Effective Turnaround Tools & Strategising."
From Crisis to Opportunity: Harnessing African Investment through Restructuring
Market recognition
- Chambers Global 2017–2024 ranked David in Band 1 for private equity.
- The Legal 500 EMEA 2020–2023 recommended him as a leading individual for commercial, corporate/M&A.
- The Legal 500 EMEA 2016–2019 recommended him for commercial, corporate/M&A.
- IFLR1000 2018–2022 recommended David as a notable practitioner in private equity, and M&A.
Market recognition
- Chambers Global 2017–2024 ranked David in Band 1 for private equity.
- The Legal 500 EMEA 2020–2023 recommended him as a leading individual for commercial, corporate/M&A.
- The Legal 500 EMEA 2016–2019 recommended him for commercial, corporate/M&A.
- IFLR1000 2018–2022 recommended David as a notable practitioner in private equity, and M&A.
Expertise
Corporate & Commercial Law
Our strong legal team is well versed in legislative matters and provides support across all commercial disciplines.
Corporate Debt, Turnaround & Restructuring
We have an experience team that can balance our clients' needs with the pragmatic realities they face.
Mergers & Acquisitions
CDH’s lawyers balance legal knowledge with commercial understanding to support our clients’ best interests.
The Companies Act
CDH is well positioned to help your company ensure compliance with the legislation. We also offer training tailored to your business needs to help you meet your obligations.
Listings, Stock Exchanges & Public Documents
We act for a number of top listed companies and offer a full suite of services to public companies.
Private Equity
Experts from across our specialist practice areas advise on private equity matters.
Technology & Communications
Our team offers advice on a wide range of functions and sector-related issues.