It was December 2009, just over a year since Remgro Limited (Remgro) had completed the distribution of its indirect shareholding in British American Tobacco plc (BAT): 90% of its shares had gone to its shareholders, while the balance of 10% went to a new investment vehicle listed on the Luxembourg Stock Exchange, called Reinet Investments.
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In August 2006, the lease on The Phone Shop – a business that the Brill family had run for the past 18 years – was up for renewal. In recent years, the shop had not performed well, but Eran Brill believed that because it had developed a strong brand over the years, there was potential to make it profitable once again.
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In August 2009, Eran Brill, director of The Phone Shop (Pty) Ltd, a consumer electronic goods retailer, was about to renegotiate the lease on his Sandton City store.
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A management buyout (“MBO”) involves the purchase of an existing business by its senior management team.
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Simon Stockley, SA Home Loans’ CEO, was a lawyer by education but an entrepreneur by nature; his colourful, nonconformist socks epitomised his character.
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It was approaching the middle of the 2006/07 financial year. The Johannesburg Hospital finance director, Gumani Matodzi, had just completed another weekly run of the hospital’s top 20 goods and services expenses.
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Bobby Godsell, chief executive officer of AngloGold, South Africa’s largest gold producer, had to decide whether to increase the company’s bid for the control of Normandy, Australia’s largest gold producer.
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Piet Malan, CEO of Metermatic, had to come to some decision about whether to attempt a management buy-out (MBO) of Metermatic from its parent, SAFREN.
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