Clients who have benefited from KPMG Legal Services expertise
CLIENT: OSG Europe SA
TESTIMONIAL: “Your DD quality is widely comprehensive and complete. I am happy to observe such a well performed DD”
CLIENT: ArcelorMittal South Africa
TESTIMONIAL: “KPMG assisted ArcelorMittal South Africa (ArcelorMittal) with its recent B-BBEE Transaction. This included legal services and support through the KPMG legal team. KPMG led the process to select a partner, provided support for the board to make a final decision and also provided advice and guidance on the best options to implement the transaction. We found the services rendered by KPMG, and in particular, the legal team excellent.
Using the KPMG legal team allowed for effective integration between the legal issues and various other aspects of the transaction. In particular, the drafting of the transaction documents was of a high standard, and not only did the legal team focus on the legal aspects of the transaction, but added tremendous value to the commercial aspects of the transaction as well. The legal team also operated as a project management team by ensuring implementation in certain respects -for example, ensuring that all of the legal agreements were properly executed, drafting supporting resolutions and ensuring their approval, monitoring fulfilment of the CPs and even assisting with drafting of submissions to the governance structures. The support by the legal team as well as the KPMG team generally ensured that as General Counsel I could focus on the key commercial aspects of the transaction as they managed the rest of the process and transaction documents extremely well”
CLIENT: Tsebo Solutions Group
TESTIMONIAL: “Tsebo Holdings Proprietary Limited entered into an agreement in terms of which the shares in Tsebo were ultimately sold to a French listed company Wendel for approximately ZAR5.25billion and Tsebo itself then underwent a massive group restructuring of some 50 subsidiaries and joint ventures.
KPMG tax and legal assisted Tsebo (with Webber Wentzel on the legal side for Wendel) in the structuring of the transaction and in navigating the maze of tax and legal statutes, regulations and consequences flowing from the transaction, which, given the magnitude of the transaction, was considerable. Their advice and expertise was reliable, quick and accurate and considerable comfort to Tsebo.
Having both tax and legal services provided by one firm was invaluable for Tsebo as it allowed independent, quick sharing of information between these two departments without constant recourse to Tsebo which freed up management to continue with other matters and to run their business without getting bogged down in the minutiae of the deal and without having to be the conduit for information sharing.”
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