Amathole State Forest Privatisation


inancial and corporate law advisor to Amathole Timber Holdings (Pty) Limited, was the preferred bidder for the purchase of the State owned forests known as the Eastern Cape South Package.
Commenced the assignment in 1999 and was responsible for performing the following tasks:

  • Advice with regard to appropriate investment structure
  • Advice with regard to empowerment structures
  • Preparation of financial models and valuations used to determine the price offer
  • Advice with regard to the restructuring of the sponsor’s company to facilitate the planned corporate structure after acquisition of the forests
  • Preparation of the bid document
  • Assistance in the negotiation of the transaction with Government and its advisors
  • Review and marking up of the privatization transaction documentation
  • Preparation of transaction documentation required to implement the investment structure including, inter alia, empowerment shareholder structures and shareholders agreements
  • Preparation of transaction documentation required to implement the proposed restructuring of the sponsor

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Project details
  • Client: Amathole State Forest
  • Project Status: Complete

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