Etta Chang

Director

  Johannesburg

  +27 11 535 8276

  

  echang@werksmans.com

Etta Chang is a Director in the Corporate Mergers & Acquisitions practice area.  She has experience in mergers and acquisitions, drafting and negotiating commercial contracts, due diligence investigations, the establishment, structuring and restructuring of business entities, corporate governance, corporate finance, trade finance and commercial litigation.  Etta regularly advises private companies across a range of sectors, including private equity, manufacturing, construction, property and fast-moving consumer goods (FMCG). Etta has been involved in advising corporate clients both locally and internationally on various commercial matters. Etta is fluent in Cantonese.

  • Corporate Mergers & Acquisitions
  • Lead attorney in advising Paper Plane Ventures on the disposal of its shareholding in Centbee, a Johannesburg-based Bitcoin SV (BSV) wallet and merchant payment company, to Dutch venture capital company Two Hop Ventures.
  • Senior member of the team which advised Net1 on the disposal of its 100% shareholding in Net1 Fihrst Holdings Proprietary Limited to Transaction Capital, for a consideration of ZAR 180 million.
  • Senior member of the team which advised Matasis Investment Holdings in its acquisition of an interest in the South African affiliate of Worley, a global organisation of consultants, engineers, construction workers and data scientists specialising in the energy, chemicals and resources sectors.
  • Senior member of the team which advised Agile Capital in its acquisition of an interest in Averge Technologies, a specialist solutions provider and distributor of components specific to both the communications industry and the energy sector, from the founder of the company. Etta was the lead attorney in conducting the legal due diligence investigation into the business and affairs of Averge.
  • Lead attorney in advising the shareholders of Innovative Mining Products in their disposal of the New Concept Mining Group, a manufacturer of rock reinforcement products for underground mining, to the Epiroc Group. This transaction involved a combination of disposal of shares, businesses and intellectual property assets of various group companies to various members of the Epiroc Group, and Etta was responsible for co-ordinating these transactions in various jurisdictions, including South Africa, Peru, Zambia, Canada and Australia.
  • Lead attorney in advising Clearwater advertising agency on its BEE transaction.
  • Senior member of the team which advised Ethos Mid Market Fund I in its acquisition of a controlling interest in Gammatek, an importer, distributor and manufacturer of mobile device accessories, from the founders of the company. Etta was the lead attorney in conducting the legal due diligence investigation into the business and affairs of Gammatek.
  • Senior member of team which advised Liviero construction group on the exit by the Masimong group.
  • Lead attorney in advising Zungu Investments in its acquisition of interest in Shuter and Shooter Publishers, a developer and publisher of educational materials.
  • Senior member of the team which advised Aard Mining on the repurchase all of its shares held by Nedbank Private Equity. Etta led part of the transaction negotiations with Nedbank Private Equity and was responsible for the implementation of the transaction from a corporate law perspective.
  • Senior member of the team which advised Zungu Investments on the repurchase all of its shares held by Sanlam Private Equity.
  • Senior member of the team which advised Ethos Mid Market Fund I in its acquisition of an interest in Kevro (Africa’s largest value-add supplier of corporate and promotional apparel), from Ethos Fund VI.
  • Senior member of the team which advised Nedbank Private Equity and the other shareholders (including founders) of Little Green Beverages (LGB), a manufacturer of carbonated soft drinks, in respect of their exit from LGB to Ethos Private Equity, and their re-investment into the newly structured group.
  • Senior member of the team which advised Net1 on its acquisition of a direct 30% shareholding in Bank Frick & Co AG (a fully licensed bank based in Balzers, Liechtenstein), and further transactions between the shareholders of Bank Frick.
  • Senior member of the team which advised Agile Capital on its acquisition of a direct shareholding in the Goldrush group (a diversified African gaming group with interests in sports betting, LPM route operations, bingo and casinos).
  • Senior member of the team which advised a consortium comprising RMB Corvest, RMB Ventures and the Mineworkers Investment Company on its acquisition (alongside re-investing management) of Universal Industries Corporation (a South African, sub-Saharan leader in food preparation and hospitality equipment), which included the drafting, negotiations and finalisation of a shareholders agreement and Memorandum of Incorporation with the legal representatives of various shareholders.
  • Senior member of the team which advised Liviero construction group and its shareholders on its BEE transaction with the Masimong group.
  • Senior member of the team which advised the Villa Crop Protection group and its shareholders in respect of its group restructure and subsequent disposal to Land' O Lakes Inc.
  • Senior member of the team which advised Metier private equity on its acquisition of Retailability (a fashion apparel retail group targeting the low to lower-middle income consumers in Southern Africa).
  • Advising both resident and non-resident clients on the development and operation of various solar and wind energy power plants pursuant to the Department of Energy's renewable energy IPP Procurement Programme.
  • Advised Sentula Mining Limited in its disposal of various assets and shares and claims in various subsidiaries.
  • Team member of the team that acted as lead attorneys to a major Chinese bank in the financing of commodities on behalf of one of the biggest worldwide logistic service providers.
  • Team member of the team that acted as lead advisors to a multinational engineering company in its various acquisitions in South Africa.
  • Assisting various overseas clients in setting up operations in South Africa from a legal perspective.
  • Assisting local clients with the optimisation of corporate structures within groups of companies.
  • Assisting various overseas clients in various restructuring transactions.
  • A one-year secondment to Investec Bank (Mauritius) Limited during which she gained multi-jurisdictional experience in banking and property law.
  • Registered with the Legal Practice Council
  • BA majoring in Law, International Relations and French, LLB (with distinction), University of the Witwatersrand
  • Certificate of Competence in Advanced Company Law, University of the Witwatersrand
  • Year of admission as an attorney and conveyancer: 2007
  • Year of admission as a Notary Public: 2013