education · 2019. 9. 6. · milpark education (pty) ltd (milpark education) from leaf capital and...
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EDUCATION
BOWMANS
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Education
Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurEducationSector
08 OurSignatureMatters
12 Accolades
14 KeyContacts
BOWMANS
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Our Firm
WithsixofficesinfourAfricancountriesandover400specialisedlawyers,weare
differentiatedbyourindependenceandthequalityoflegalservicesweprovide.
WedrawonouruniqueknowledgeoftheAfricanbusinessenvironmentandin-depthunderstandingofthesocio-politicalclimatetoadviseclientsonawiderangeoflegalissues.Ouraimistoassistourclientsinachievingtheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.
Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WewererankedfirstbydealvalueandsecondbydealcountinMergermarket’s2018Africaleaguetablesforlegaladvisors.WereceivedawardsinfiveoutofsixcategoriesattheDealmakersEastAfricaAwardsfor2018:toplegaladviserinM&Aforbothdealflowandvalue,toplegal
adviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear.IntheDealmakersSouthAfricaAwardsfor2018,wewereplacedfirstfordealflowintheGeneralCorporateFinancecategory.
WewerenamedSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellenceandAfricanLawFirmoftheYear(LargePractice)attheAfricanLegalAwardshostedbyLegal Week andtheCorporateCounselAssociationofSouthAfrica.Wewerealsooneofonlytwofirmsthattookhomethreepracticeawards-forPropertyandConstructionTeamoftheYear,EnergyandNaturalResourcesTeamoftheYearandTMTTeamoftheYear.
Bowmans is a leading African law firm. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
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Education
Our Footprint in Africa
WeprovideintegratedlegalservicesthroughoutAfricafromsixoffices
(CapeTown,DaresSalaam,Durban,Johannesburg,KampalaandNairobi)infourcountries(Kenya,SouthAfrica,TanzaniaandUganda).
WeworkcloselywithleadingNigerianfirm,UdoUdoma&Belo-Osagie,andMozambique-basedboutiquefirm,TacianaPeãoLopes&AdvogadosAssociados.WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.
WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.
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Our Education Sector
Educationgloballyhasbeencharacterisedbyexpansionandfundamentalchangeinrecentdecades.Thesedevelopmentshavecreatedopportunitiesforinnovationandinvestment,buthavealsobeenaccompaniedbyincreasingoperationalcomplexityandproliferatingregulation.
Growthinprivate-sectoreducationinAfricahasbeenprolific.WorldBankstatisticsindicatethatprivateschoolenrolmentinAfricaincreasedby113%overaperiodwhencorrespondingpublicschoolfiguresincreasedby52%.Between2000and2016,thenumberofprivateschoolsinSouthAfricadoubled,andthenumberofpupilsenrolledinprivateschoolsincreasedby130%.
Likewise,therehasbeenconsiderableexpansionintertiaryeducation.Indevelopingcountries,increasingnumbersofstudentsenrolathighereducationinstitutions,signifyinggrowingdemandandopportunity.
Historically,theeducationsectorhasbeenhighlyregulatedbysector-specificlawsandpolicymeasures–frequentlyatbothnationalandprovinciallevels.Thisremainsthecaseuniversally,eventhoughtherehasbeenliberalisationandderegulationinmanyotherfields.
Inaddition,educationalinstitutions’operationsaregovernedbyarangeofgenerallaws,includinganti-trust/competition,employment,dataprotectionandtaxlawsand,insomejurisdictions,localownership/indigenisationlaws.Althoughthesearelawsofgeneralapplication,theyhaveparticularnuancesinthecontextofeducationalinstitutions.
Moreover,schoolsanduniversitiesarerequiredtohaveinplacevariouspolicies(e.g.admissions,disciplinary,humanresource,socialmedia)andalsoneedtosetupstructuresequippedtoimplementthesepolicies.
Commercialtransactionsintheeducationsectorneedtobeconductednotonlywithdueregardtocorporateandtaxcomplexities,butalsoinawaythatensuresdueregulatorycompliancewithsector-specificlaws.
Overthelastdecade,wehavedevelopedasignificantbodyofcollectiveexpertisethroughourinvolvementinavarietyoftransactionalandadvisorymattersintheeducationfield.Asaresult,wearenowinasingularpositiontoprovideclientsenteringoroperatinginthisfieldwithacomprehensivespectrumofservices.Unlikemostfirms,whichtendtospecialiseinnicheaspectsoftheeducationsector,weofferafullpanoplyofservicescoveringtheentirefield–notonlyinonejurisdictionbutinseveraljurisdictions.
Ourmulti-disciplinaryteamcomprisesspecialistswithexpertiseintherelevantstatutoryandpolicyareas.Severalofourpartnershaveservedongoverningandconsultativebodiesinthesecondaryandtertiaryspheres.TheseattributesenableustoprovideamultifacetedandencyclopaedicAfrica-wideserviceofferingcoveringtransactional,regulatory,taxandemploymentlawintheeducationsector.Ourtransactionalandadvisoryexperienceincludesmattersatsecondaryandtertiary
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Education
levels,acrosstheprivateandpublicsectors.Inaddition,wehavelongstandingrelationshipswithregulatorybodies,whichallowsustofacilitateefficientcompletionoftransactionsintheAfricanmarket.
Ourinvolvementintheeducationsector,attransactional,advisoryandgovernancelevels,haskeptusabreastoftechnologicalandpedagogicalchanges.Neweducationinstitutionsenterthemarketonaregularbasis,andnewteachingmethodologiesarebeingintroduced.Traditionalmodelsoflecturesandtutorialsarebeingreplacedorsupplementedbyinnovativeformsofonlineanddistancelearning,usingvariousplatforms.Thiscreatesnewopportunitiesforinvestmentandexpansion,butinanincreasinglycompetitiveenvironmentcharacterisedbyincreasingregulatorycomplexity.Ourlawyersareideallyplacedtoenableclientstoexploretheseopportunitiesandnavigatethesechallenges.
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Intheeducationsector,wehaveactedforclientsincorporateandcommercialtransactions;providedguidanceonlocalownership/indigenisationmatters;givenregulatoryandemploymentlawadvice;andhelpedwithdisputeresolution.
Someofourrecentexperienceincludesadvising/actingfor:Corporateandcommercialtransactions
• ApolloGlobalEducationGroup,Inc.(ApolloGlobalEducation),aninternationaleducationgroup,onthe:
•acquisitionofacontrollinginterestinMilparkEducation(Pty)Ltd(MilparkEducation)fromLeafCapitalandotherinvestors;and
•saleofitsentireinterestinMilparkEducationtoStadioHoldingsLtdandBrimstoneLtd,valuedatZAR320million.
• InvestecinacquiringacontrollingstakeintheholdingcompanyoftheRichfieldGroup.
• LaureateEducationInc.onthe: •saleoftheeducationbusinessbyMonash
SouthAfricaLtd,itsjointventurewithMonashUniversity,toTheIndependentInstituteofEducation(Pty)Ltd(IIE),asubsidiaryofADvTECHLtd;and
•saleofitsentireshareholdinginterestinLaureateSouthAfrica(Pty)LtdtoIIE.
• EDUCASInternationalonitsacquisitionofamajoritystakeintheReddamSchools.
• AleadingEnglishpublicschoolonapossiblefranchiseagreementwithalocalprivateschoolinNairobi.
Our Signature Matters
• OldMutualAlternativeInvestmentson: •variousSchoolsFundandHousing
Funddevelopments,includingthefinancingarrangements;and
•theinvestmentsoftheSchoolsandEducationInvestmentImpactFundofSouthAfricainavarietyofeducationalprojects,includingthefinancingofinfrastructurerequirementsforupgradingexisting,andbuildingnew,schoolsandfurthereducationandtrainingcolleges.
• EdulinkHoldingsLtd,aninvestmentfundthatspecialisesineducation,ontheestablishmentofVictoriaUniversityinUganda;andsubsequentlyalsoontheirexitfromtheinvestment.
• UgandaChristianUniversity,Mukono,aleadinguniversityinUgandaestablishedandownedbytheAnglicanChurchofUganda.
• AbidderforHillcrestSchools(aleadingprivateschoolgroupinKenya).
• AKenyanuniversityinaproposedprivateequityinvestmentinit.
• ActusonitsinvestmentinRiaraGroupofSchools(aleadingprivateschoolgroupinKenya).
• RealemaTeacherInternshipProgrammeonvariousaspectsofitsestablishment,registrationandtaxstatus.
• PSG,theCurroGroupanditsfundersonsettingupasecuredfundingvehicleforallitsbankingandcapitalmarketsfunding,includingaZAR2billionDMTNprogramme.
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Education
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Localownership/indigenisation
• ApolloGlobalEducationonbroad-basedblackeconomicempowerment(BBBEE)requirementsinthecontextoftheprovisionofcorporateeducationservicesbyMilparkEducation.
• StandardBankSouthAfricaonBBBEEaspectsofcontributionsmadetotheFeenixTrust,setupinresponsetothe#FeesMustFallmovement.
Regulatoryadvice
• Aprivateequityclientonregulatoryaspectsoftheacquisitionandrestructuringofvariousindependentschools.
• TheIndependentSchoolsAssociationofSouthernAfrica(ISASA)ontheapplicationofconsumerlawsanddataprotectionlawstolearnerenrolmentcontractsforindependentschools,andalsooncopyrightissuesaffectingindependentschools.
• TheNationalAssociationofIndependentSchools(NAIS)onthepowersoftheCouncilforQualityAssuranceofGeneralandFurtherEducationandTraining(Umalusi)inrelationtoqualityassuranceandassessmentofindependentschools.
Employment
• Independentschools,suchasRoedeanSchoolandStStithiansCollege,onemployment-relatedissues.
• Tertiaryinstitutions(includingtheUniversityofCapeTown,UniversityofStellenbosch,CapePeninsulaUniversityofTechnology,theUniversityoftheWitwatersrand,theUniversityofVendaandtheUniversityofSouthAfrica)onarangeofemploymentmatters,including:insourcing,collectivebargaining,strikeaction,dismissaldisputesandunfairlabourpractices;employmentpolicies;investigationsanddisciplinaryproceedingsagainstemployeesandstudents;andHighCourt,LabourCourt,LabourAppealCourtandCCMAproceedings.
DisputeResolution
• ISASAinSupremeCourtofAppealproceedingsconcerningPridwinPreparatorySchool’sterminationofitscontractwithpupils’parents.
• MonashUniversityinaZAR18milliondisputewiththeCityofJohannesburgoverutilitiescharges.
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Education
BOWMANS
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AccoladesAFRICANLEGALAWARDS2018WewerenamedAfricanLawFirmoftheYear(LargePractice).Wewerealsooneofonlytwofirmsthattookhomethreepracticeawards-forPropertyandConstructionTeamoftheYear,EnergyandNaturalResourcesTeamoftheYearandTMTTeamoftheYear.
CHAMBERSAFRICAAWARDS2018
WewerenamedSouthAfricanLawFirmoftheYear.
DEALMAKERSSOUTHAFRICAAWARDS2018
WewereplacedfirstfordealflowandthirdfordealvalueintheGeneralCorporateFinancecategory,andthirdfordealvalueandfourthfordealflowintheM&Acategory.
DEALMAKERSEASTAFRICAAWARDS2018Wereceivedawardsinfiveoutofsixcategories:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear(theRubisEnergietakeoverofKenolKobil).
MERGERMARKETLEAGUETABLES2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.
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Education
71 37 66Recognised Lawyers
Recognised Lawyers
Recognised Lawyers
BAND1
KENYA
Banking&FinanceCorporate/M&AEmploymentIntellectualPropertyRealEstate
SOUTHAFRICA
CapitalMarkets:DebtCapitalMarkets:EquityCompetition/AntitrustCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT&TelecommunicationsProjects&EnergyPublicLawShippingTax
TANZANIA
GeneralBusinessLaw
UGANDA
GeneralBusinessLaw
BAND2
SOUTHAFRICA
Banking&FinanceDisputeResolutionFintechMedia&BroadcastingRestructuring/Insolvency
KENYA
FintechProjects&Energy
CHAMBERS & PARTNERS 2019 RANKED US IN THE FOLLOWING AREAS
TIER1KENYA
Financial&CorporateMining
SOUTHAFRICA
CapitalMarketsPowerM&AUGANDA
Financial&CorporateProjectDevelopment
TIER2KENYA
PowerInfrastructure
SOUTHAFRICA
BankingInfrastructureMiningOil&GasProjectFinance
TIER3TANZANIA
Financial&CorporateProjectDevelopment
IFLR1000 2019 RANKED US IN THE FOLLOWING AREAS
TIER1KENYA
Banking&FinanceCommercial,Corporate&M&AEmploymentRealEstate&Construction
SOUTHAFRICA
Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping
TANZANIA
LeadingFirm
UGANDA
LeadingFirmTIER2KENYA
DisputeResolutionPrivatisation&Projects
SOUTHAFRICA
Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax
THE LEGAL 500 EMEA 2019 RANKED US IN THE FOLLOWING AREAS
BOWMANS
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DANIELPRETORIUS
HeadofEducationJohannesburg,SouthAfrica
T:+27116699654E:[email protected]
Key Contacts
WILBERTKAPINGA
ManagingPartner,TanzaniaDaresSalaam,Tanzania
T:+255768988642E:[email protected]
CLAIREFRANKLYN
PartnerJohannesburg,SouthAfrica
T:+27116699564E:[email protected]
DAVIDF.K.MPANGA
PartnerKampala,Uganda
T:+256414254540E:[email protected]
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Education
PARASSHAH
PartnerNairobi,Kenya
T:+254202899000E:[email protected]
JANKRUGER
PartnerCapeTown,SouthAfrica
T:+27214807800E:[email protected]
Toviewprofilesofourlawyers,
pleasevisitwww.bowmanslaw.com
PHILIPCOULSON
PartnerNairobi,Kenya
T:254202899000E:[email protected]
THOLINHLANHLAGCABASHE
PartnerJohannesburg,SouthAfrica
T:+27116699491E:[email protected]
CapeTown
T:+27214807800E:[email protected]
DaresSalaam
T: +255768988640E: [email protected]
Durban
T:+27312650651E:[email protected]
Johannesburg
T:+27116699000E:[email protected]
Kampala
T:+256414254540E:[email protected]
Nairobi
T:+254202899000E:[email protected]
FollowusonTwitter:
@Bowmans_Law
www.bowmanslaw.com