Kuda Chimedza

Secondment at various funding institutions including the Industrial Development Corporation of South Africa Limited, Absa Bank Limited (Corporate and Investment Banking division) and the Development Bank of Southern Africa Limited, where duties included (i) conducting due diligence investigations and drafting legal due diligence reports in respect of prospective projects and funding transactions, (ii) advising on aspects of finance including funding structures, risks and security arrangements, (iii) attending credit committee meetings and presenting on the legal aspects of prospective projects and funding transactions, (iv) drafting, reviewing and negotiating various financing and security agreements in both bilateral and syndicated transactions, (v) coordinating closing processes, including drafting and collating conditions precedent and (vi) attending consultations with clients and counterparties and/or their legal and other advisers.

Acted as South African counsel for HSBC UK Bank PLC in relation to a project finance transaction in terms of which it  provided an approximately £17 million facility to SK Heathrow Limited, SK Bath Limited and SK Canterbury 1 Limited for certain property developments.

Assisted in advising Mediclinic's Southern Africa division in relation to a refinance transaction in terms of which Mediclinic secured a R8.45 billion sustainability linked loan.

Assisted in advising RH Managers Proprietary Limited in relation to a legal due diligence investigation and subsequently the approximately R80.9 million acquisition of equity and provision of shareholder funding by RH Managers Proprietary Limited to Benchmark Group Proprietary Limited.

Assisted in advising Firstrand Bank Limited acting through its Rand Merchant Bank Division in relation to the general banking facility and working capital facility made available to PG Group Proprietary Limited in the aggregate amount of approximately R835 million.

Assisted in advising Old Mutual Retirement Accommodation Fund Proprietary Limited and Old Mutual Alternative Investments Proprietary Limited in the amendment and restatement of finance documents concluded with the Amber Glades group as a result of internal restructuring of the Amber Glades group.

Assisted in advising Futuregrowth Asset Management Proprietary Limited in relation to the provision of a project finance facility in the amount of R83 million to Harvestfresh Farms Proprietary Limited.

Assisted in advising Futuregrowth Asset Management Proprietary Limited in relation to the provision of a senior term loan facility in the amount of R150 million facility to African Port Logistics and Infrastructure Proprietary Limited.

Assisted in advising Busamed Proprietary Limited in relation to the debt restructuring and term loan facility provided by The Standard Bank of South Africa and Futuregrowth Asset Management Proprietary Limited in the aggregate amount of approximately R677 million.

Assisted in advising Royal Buffalo Medical Group Proprietary Limited and its affiliates in relation to the approximately R340 million project funding provided by the Development Bank of Southern Africa of the 150 bed Royal Buffalo Medical Group Private Hospital.

Assisted in advising Alitheia IDF Fund LP acting through its affiliate IDF Capital Proprietary Limited in relation to the proposed acquisition of equity in Kitting and Allied Services Proprietary Limited for an amount of US$5 million.

Assisted in advising RH Managers Proprietary Limited in relation to the approximately R53.5 million acquisition of shareholding in Raslouw Private Hospital Proprietary Limited (the operating company) and Raslouw Propco Proprietary Limited (the property company) in relation to the 100 bed Raslouw Private Hospital which comprises a day hospital and an acute hospital.