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Bowmans

165 WEST STREET, SANDTON, JOHANNESBURG 2146, SOUTH AFRICA
Tel:
Work +27 11 669 9000
Fax:
Fax +27 11 669 9001
Email:
Web:
www.bowmanslaw.com
Cape Town, Dar es Salaam, Johannesburg, Kampala, Nairobi

South Africa

Banking and finance
Banking and finance - ranked: tier 2

Bowmans

Bowmans has reaffirmed its prominence, following a series of senior exits in recent years, by continuing to develop its client base and advise on some of the most noteworthy deals in the market. The firm is at the forefront of DCM matters, leveraged finance and preference share funding, and has a solid profile in project finance, asset finance and direct lending by asset managers. It advised the lenders on the $100m financing of the construction of a purpose-built diamond exploration vessel for De Beers Marine Namibia. Acquisition and leveraged finance expert Ulrike Naumann acted for the lenders in the financing of Old Mutual Private Equity’s acquisition of a significant stake in In2Food. DCM specialist Casper van Heerden, Jan Kruger and Jason Wilkinson are recommended.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Bowmans

Bowmans is a dominant force in cross-border transactions, including deals involving multiple African jurisdictions, and is building its profile in private equity for international as well as local funds. Clients include SABMiller, Old Mutual, IBM, ExxonMobil, Rio Tinto and Pfizer. The firm was South Africa and Africa counsel to SABMiller in its $107bn acquisition by Anheuser-Busch InBev. The highly regarded Ezra Davids is ably supported by prominent names Charles Douglas and Charles Young. John Bellew is recommended for private equity. Rudolph du Plessis joined Herbert Smith Freehills South Africa LLP and Carl Stein went to Hogan Lovells (South Africa).

Leading individuals

Ezra Davids - Bowmans

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Competition
Competition - ranked: tier 1

Bowmans

Bowmans is β€˜making strides across the continent’, and Tamara Dini is commended for building the Africa-wide practice. The team, led by the outstanding Derek Lotter, has β€˜a sound and professional working relationship with the competition authorities’ and is β€˜more business enabling than other firms, willing to go the extra mile’, according to one client. It represented Afrox during a dawn raid by the Competition Commission relating to allegations of price-fixing in the LPG market. Jean Meijer, Robert Legh and contentious expert Rudolph Labuschagne are recommended.

Leading individuals

Derek Lotter - Bowmans

Jean Meijer - Bowmans

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Dispute resolution
Dispute resolution - ranked: tier 2

Bowmans

Bowmans remains at the forefront of major disputes in South Africa and across the continent. The firm defended Transnet against a class action, the largest ever in South Africa, linked to a dispute over its pension scheme arrangements. It also successfully represented Maphil in a substantial contract dispute with Novartis. Tim Gordon-Grant, Miles Carter, Adam Anderson and James McKinnell are all senior dispute resolution specialists. Business rescue expert Haroon Laher has joined Norton Rose Fulbright South Africa Inc.

Leading individuals

Tim Gordon-Grant - Bowmans

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Employment
Employment - ranked: tier 1

Bowmans

Bowmans has a sizeable team and is β€˜a nose ahead of everyone’, according to a competitor. It has a tremendous record in South Africa and East Africa, providing β€˜excellent turnaround times’, β€˜a professional service’ and an β€˜in-depth understanding’ of clients’ businesses and subject matter. The firm advised Standard Bank on dealing with a senior executive’s tweet that was alleged to be racist and which resulted in internal disciplinary proceedings. Graham Damant, who β€˜provides pragmatic and easily applicable solutions’, Chris Todd, the β€˜very impressive’ Karen Fulton and Robin Carr are recommended.

Leading individuals

Chris Todd - Bowmans

Graham Damant - Bowmans

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Investment funds
Investment funds - ranked: tier 2

Bowmans

Bowmans is a rapidly growing force in private equity funds and Africa-wide regulatory issues. The firm is β€˜very responsive, highly experienced in Africa fund formation and very good value compared with international equivalents’. It advised Phatisa on the structuring of African Agriculture Fund II. John Bellew is the β€˜undisputed leader’ in private equity, according to a rival; Francisco Khoza is noted for regulatory matters and Wally Horak for tax structures.

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Mining
Mining - ranked: tier 3

Bowmans

Bowmans is making considerable progress in M&A, regulatory, health and safety, and environmental matters. Noted for coal sector work, it has traditionally acted for several major mining houses and is developing its connections with juniors. African Rainbow Minerals and Rio Tinto are key clients; the team advised the latter on the sale of its shareholding in Riversdale Holdings. M&A specialist Charles Young and environmental expert Claire Tucker are recommended.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Bowmans

Bowmans is a longstanding leader in energy and projects in sub-Saharan Africa. It is a frequent adviser to Eskom, the South African electricity utility company, and regularly acts for private sector sponsors and lenders. The team advised the Department of Energy and National Treasury on South Africa’s renewable energy programme, and assisted Investec Asset Management with the financing of a Ghana-based powership. Anton Barnes-Webb, Daryn Webb and Shamilah Grimwood are recommended.

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Real estate
Real estate - ranked: tier 3

Bowmans

Bowmans is known for major property developments, real estate financing and investments. It has a growing list of fund clients and advised RMB on financing the development by Flanagan & Gerard of a regional shopping centre in Thohoyandou. Craig Schafer is β€˜prompt’, β€˜thorough’ and β€˜efficient’.

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Shipping and transport
Shipping and transport - ranked: tier 1

Bowmans

Bowmans has good connections to P&I clubs, banks, shipowners and large chartering operations; clients include The Swedish Club, Gard, A Bilbrough and a range of international law firms. The β€˜trustworthy’ team is centred in Cape Town and Durban, but is active across Africa, particularly East Africa. It has a high market share of the large shipping cases in South Africa and advised UniCredit Bank, the mortgagee bank of the vessels Sadan K and Zeynep K, in foreclosure proceedings resulting in the arrest and judicial sales of the vessels in Durban. Craig Cunningham, Jeremy Prain, Andrew Pike and Mark van Velden have outstanding reputations.

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Tax
Tax - ranked: tier 2

Bowmans

Bowmans enhanced its tax disputes capabilities by hiring Patricia Williams from Webber Wentzel. This follows the recruitment of chartered accountant Ulla Murphy from Absa. Clients praise the team for its β€˜excellent advice’, β€˜approachable manner’, β€˜industry knowledge’ and β€˜fast turnaround times’. It has been heavily engaged in a series of major M&A transactions, including SABMiller’s $107bn acquisition by Anheuser-Busch InBev. Alan Keep, Barry Garven and international tax expert Wally Horak are recommended.

Leading individuals

Alan Keep - Bowmans

Wally Horak - Bowmans

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