Roelof Bonnet

• Corporate Mergers & Acquisitions
• Technology & Innovation

Roelof specialises in transactional work, both in the public and private space, with particular expertise in private equity transactions across a range of sectors.

• Advised DN Invest (an investment company involved in retail, telecommunications and distribution) on its acquisition of Blue Label Mobile Group from Blue Label Telecoms for a consideration of ZAR 530 million.
• Advised Net1 on its disposal of a 34% shareholding in DN Invest, in the form of a share repurchase and a sale to Mineworkers Investment Company, for an aggregate consideration of ZAR 860 million.
• Advised DN Invest on its acquisition of 3G Mobile from Blue Label Telecoms for a consideration of ZAR 544 million.
• Advised Net1 on its disposal of 7.6% of its shareholding in DN Invest to Rand Merchant Bank for a consideration of ZAR 200 million.
• Advised Net1 and the remaining shareholders of DN Invest on a shareholder restructure, which included the disposal by Net1 of 17% of its shareholding in DN Invest to certain DN Invest shareholders, for a consideration of approximately ZAR 300 million.
• 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.
• 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.
• 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.
• Advised Ethos Mid-Market Fund I on its acquisition of a controlling interest in Gammatek, an importer, distributor and manufacturer of mobile device accessories, from the founders of the company.
• Advised Net1 in respect of its acquisition of a 15% shareholding in Cell C (one of the largest cellular network providers in South Africa) for a consideration of ZAR 2 billion, in the context of the larger re-capitalisation plan for Cell C which resulted in Cell C's net indebtedness being reduced from approximately ZAR 19.5 billion to less than ZAR 6 billion.
• Advised Net1 in respect of its acquisition of a 45% shareholding in DN Invest for a consideration of ZAR 945 million.
• Advised Aard Mining on the repurchase all of its shares held by Nedbank Private Equity.
• Advised Zungu Investments on the repurchase all of its shares held by Sanlam Private Equity.
• Advised Nedbank Private Equity and the other shareholders (including founders) of Little Green Beverages (LGB) in respect of their exit from Little Green Beverages to Ethos Private Equity, and their re-investment into the newly structured group.
• 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.
• Advised Zungu Investments in respect of its exit from Taquanta Asset Managers.
• Advised Net1 on its acquisition of a direct shareholding in One MobiKwik Systems Private Limited (MobiKwik) in India (MobiKwik is India's largest independent mobile payments network).
• Advised Ethos Mid Market Fund I on its acquisition of an interest in Kevro (Africa’s largest value-add supplier of corporate and promotional apparel).
• 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).
• Advised Ethos Mid Market Fund I on its acquisition of an interest in MTN Zakhele Futhi (the purpose of the MTN Zakhele Futhi scheme is to provide the black public South African public with an opportunity to participate in the ownership of MTN, one of the largest cellular network providers in South Africa).
• Advised Net1 on its acquisition of Masterpayment AG (a specialist payment services processor based in Munich, Germany).
• 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).
• Advised Agile Capital (formerly Zico 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).
• Advised the Villa Crop Protection group and its shareholders in respect of its group restructure and subsequent disposal to Land' O Lakes Inc.
• Advised Mpact Limited on its acquisition of Remade Holdings (a South African collector and trader of recyclable material).
• Advised Liviero construction group and its shareholders on its BEE transaction with the Masimong group
• Advised the Villa Crop Protection group and its shareholders in respect of its group restructure and subsequent acquisition by Land' O Lakes Inc of a majority interest in the restructured Villa group.
• Advised Mpact Limited on a number of acquisitions.
• Advised Metier private equity on a number of acquisitions.
• Advised Net 1 UEPS Technologies, Inc. (Net1) (listed on the Nasdaq and JSE) on a number of strategic acquisitions by the Net1 group, including its acquisition of a 25% interest in One Credit, a Nigerian consumer finance company.
• Advised Foodcorp on the disposal by it of its fishing division to Oceana.
• Advised Kagiso Tiso Holdings on the disposal by it of its entire indirect shareholding interest in Bytes Technology Group (a subsidiary of Altron).
• Advised Sentula Mining Limited on the disposal by unreserved public auction of the remaining moveable equipment of its subsidiary Megacube (category 1 transaction).
• Advised Net1 on the acquisition by it of the Fihrst payment processing and administration business carried on by Alexander Forbes.
• Advised Tiso Group in its merger with Kagiso Trust Investments to form Kagiso Tiso Holdings (Proprietary) Limited.
• Advised Net1 on its secondary listing on the JSE Limited.
• Advised Stocks Limited on its merger with Stefanutti & Bressan Holdings Limited.
• Advised Meeg Bank Limited in relation to the acquisition by Absa Group Limited, by way of scheme of arrangement, of the entire issued share capital of Meeg Bank Limited.
• Advised EnviroServ Limited on the acquisition by Absa Capital Private Equity of the entire issued share capital of EnviroServ Limited by way of a scheme of arrangement, and its subsequent delisting and restructure.

• Registered with the Legal Practice Counsel
• BCom LLB, Rand Afrikaans University (now known as the University of Johannesburg)
• Year of admission as Attorney and Notary Public: 2007

• The Legal 500 EMEA 2022, 2024 recommended Roelof for Commercial, Corporate/M&A.