Baker McKenzie in Johannesburg has further expanded its Corporate/M&A practice with the appointment of two new associates - Keitumetse Makhubedu and Reinhardt Biermann joined the firm in September 2018.
Makhubedu was previously an associate designate at Cliffe Dekker Hofmeyr, where she focused on technology and sourcing, dispute resolution, convergence and new media. She was awarded a BComm Law and an LLB from the University of Pretoria.
Biermann was previously a senior associate at Cliffe Dekker Hofmeyr where he specialised in technology, media and telecommunications, dispute resolution and Fintech advice. He holds a BA LLB from the University of Stellenbosch and is currently completing his LLM in Commercial Law from the University of Johannesburg.
These appointments follow the recent hiring of two partners in the firm’s Corporate/M&A Practice in August 2018. Janet MacKenzie joined as a partner in the Corporate/M&A Practice with a focus on technology, convergence and new media. Janet has over 20 years of experience in advising on all legal and regulatory aspects pertaining to telecommunications, broadcasting, media and entertainment law. She has represented numerous major international and domestic corporations before parliament and the sector regulator, and has substantial expertise in the negotiation and structuring of complex transactions specific to the ICT sector.
Annuscha Pillay joined as partner in the Corporate/M&A Practice, where she specialises in corporate and commercial law with a particular focus on large, high-end commercial mergers and acquisitions, black economic empowerment transactions, corporate finance, mining transactions and high end, cross-border transactions. She has advised on a number of transactions for various multinational and major South African and international corporations.
According to analysis by Baker McKenzie of Thomson Reuters' M&A data for Africa, the majority of the intraregional deals in Africa were in the High Technology Sector (cutting edge or advanced technology) which accounted for 21% of all deals.
Morne van der Merwe, Managing Partner and Head of the Corporate/M&A Practice, explains, “Africa’s growing telecoms infrastructure and access to online services and platforms continue to improve access to the digital economy. Increased local demand for innovative products, services and solutions is driving offshore telecommunications and technology companies to target M&A opportunities in Africa. African tech companies are also targeting offshore investments in companies that will deepen their access to new technologies, markets and talent.
“The growing financial services sector has also seen domestic banks make significant investments in technology to advance their innovation agenda. The expansion of emerging technologies across industries, including agribusiness, automotive and fintech, is also driving M&A activity as we expect to see more cross-sector deals involving technology in coming years.”
“These appointments form part of our continuing strategy to grow and build on our Corporate/M&A and technology, media and telecommunications expertise in Africa.”