DLA Piper advised Remgro Limited, a leading South African investment holding company, and its subsidiaries on a share subscription and exchange transaction with eMedia Holdings Limited (eMedia), a company listed on the Johannesburg Stock Exchange (JSE), and the subsequent unbundling by Remgro of the eMedia shares it received from eMedia to Remgro's shareholders (Transaction).

The Transaction simplifies Remgro’s investment structure and is intended to unlock value by providing Remgro shareholders with direct exposure to eMedia – a prominent South African media group with interests spanning television, radio, and content production.

A multi-disciplinary team from DLA Piper's Johannesburg and Cape Town offices advised on the Transaction.  The team was led by Corporate Partners Johannes Gouws and Lorica Elferink. They were supported by Partners Andrew Lewis (Tax) and Janine Simpson (Litigation and Regulatory), Associates Leratorato Madiba and Christoph Berndt, and Candidate Attorney Eduan Beukman.

Johannes Gouws commented: “This transaction helps our client to deliver further value to its shareholders and provides its shareholders with direct access to a dynamic and fast-growing sector. Advising on this transaction underscores our ability to efficiently translate legal complexity into commercial success and we are proud to have advised Remgro on this transaction."

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, is number 1 across Africa and the Middle East by M&A deal volume for two years, according to Mergermarket, and number one in M&A in combined global deal volume according to PitchBook.