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Advisory

Mergers and acquisitions advisory for owners, boards and investors

Sell-side and buy-side advisory for principal owners, boards and private equity consortiums, run objectively from first approach to completion.

ZAR 20m–500m+Typical enterprise value range
9Focused industries, from financial services to agriculture and energy
6Transaction types: sell-side, buy-side, buyouts, mergers, cross-border, succession
100%Of counterparties approached under non-disclosure
Two sides of the table

Objective execution.

A transaction is decided by preparation. The price is set long before the first meeting.

We act for sellers who want a clean and competitive process, and for buyers who want the right target at the right price. We do not act for both sides of the same transaction.

Every mandate begins with the BlackLeaf Capital Readiness Protocol, so that structural defects are corrected before a counterparty finds them.

Sell-side

Sell-Side Advisory

Preparing and running a competitive, discreet sale of the business.

  • BCRP execution before any approach
  • Vendor-initiated due diligence
  • Teaser and information memorandum
  • Discreet buyer approach and SPA negotiation
Buy-side

Buy-Side Advisory

Finding, valuing and acquiring the right business on defensible terms.

  • Origination and screening of targets
  • Synergy valuation and offer structuring
  • Multidisciplinary due diligence
  • Funding alignment and integration planning
Specialist mandates

Valuation, structure and ownership transfer.

Valuation & deal structuring

Defensible valuations, and offer structures that balance price, certainty and tax, so the deal can be financed and closed.

Management buyouts

Advising management teams and owners on funding, valuation and governance when ownership passes to the people running the business.

Acquisition finance

Debt and equity raised alongside the deal, through our capital and finance team.

Capital & finance →

Capital readiness

The BCRP clears structural defects that would otherwise reduce price or stall a transaction.

Explore the BCRP →

Shareholder arrangements

Settling control, exits and minority protections ahead of a sale or merger.

Corporate advisory →

Discretion

Mutual non-disclosure, controlled data rooms and staged disclosure of the counterparty list.

End-to-end execution

Six stages, in order.

Nothing is begun until the stage before it is settled. Timelines depend on the size and complexity of the transaction, and are agreed in the mandate letter.

Step 01

Preparation

Records, structure and financials are put in order, and the information memorandum is drafted.

Step 02

Valuation

An independent valuation range and a pricing strategy are set with the board.

Step 03

Approach

A discreet, staged approach to qualified counterparties under non-disclosure.

Step 04

Negotiation

Offers are compared and the terms, price and structure are negotiated.

Step 05

Due diligence

A governed data room answers the questions of the counterparty and its financiers.

Step 06

Completion

Signing, conditions precedent, funds flow and the handover.

Transaction profile

Who this is for.

Our mergers and acquisitions team works with mid-market and large owner-managed businesses, and with the boards and investors behind them.

Sell-sideBuy-sideManagement buyoutsStrategic mergersCross-borderFamily succession

Enterprise value

From ZAR 20 million to ZAR 500 million and above.

Sectors

Across the nine sectors we cover, from financial services to agriculture and energy.

See the sectors →

Alignment, not urgency

We advise whether to transact at all, and when. Not every business should be sold now.

Financiers and partners

The financiers and partners BlackLeaf works with.

Logos identify the institutions we engage with. They do not imply endorsement.

  • Merchant Capital logo
  • Lula logo
  • Retail Capital logo
  • Business Partners logo
  • Pollen Finance logo
  • Bridgement logo
  • FNB logo
  • Investec logo
  • Land Bank logo
  • Absa logo
  • Capitec logo
  • Nedbank logo
  • RMB logo
  • Standard Bank logo
  • DBSA logo
  • PIC logo
  • IDC logo
  • National Empowerment Fund logo
  • Sefa logo
Mandate inquiry

Start a confidential conversation.

Tell us about the transaction. A principal reviews every inquiry personally.

Absolute discretion

Your information is encrypted and covered by non-disclosure.

Integrated architecture

Advisory, capital and fiduciary work coordinated under one mandate.

Next steps

A principal contacts you personally. No engagement begins until a mandate letter is signed.

  1. 01Principal details
  2. 02Mandate details

Resources

Guides to read before you begin.

Practical guides from our team, free to download.

Mergers & acquisitions

M&A Preparation Guide

How to prepare a business to be sold, bought or merged: readiness, valuation, structure, positioning, negotiation and compliance.

Download PDF13 pages
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Architects behind enduring family and corporate wealth.

Consult BlackLeafEvery enquiry is handled in confidence