US company hires debt financing partner in Johannesburg
White & Case continued to grow its South African financial practice with another partner hired …
White & Case continued to grow its South African financial practice with the hiring of another partner, as it contemplates disruption in the mining and aviation sectors.
Johannesburg Debt Financing Partner Lindani Mthembu moved from Allen & Overy (A&O) at White and case.
The move reunites Mthembu with Lionel shawe, which he followed from Bowman Gilfillan (now Bowmans) at A&O in 2014, after Shawe moved to White & Case in April this year. He joins another former colleague, Sibusiso Zungu, who followed Shawe in May, then regional director of banking services Colin harley Recount ALB that the American firm “extended” its financial practice to Johannesburg.
Mthembu advises on structured finance, projects, acquisitions and assets, as well as debt and sovereign debt restructuring, on behalf of local and international companies, particularly in the mining and aeronautics industries. The latter will be particularly valuable expertise as Africa’s already besieged aviation sector has been plunged deeper into crisis by the Covid-19 pandemic. Earlier this year, the government sold South African Airlines to a consortium.
In a statement, the global head of debt financing at White & Case Eric Leicht Hiring explained, “As Africa continues on its growth trajectory, we are seeing strong demand from clients to support investment opportunities in important industrial sectors including banking, infrastructure, electricity, telecommunications and transport. “
Mthembu started his career with Deneys Reitz (now part of Norton Rose Fulbright) before a short passage with Paul, Weiss, Rifkind, Wharton and garrison, joining Bowmans in 2010.
London-based Harley added that Mthembu “has extensive experience in the South African market advising on high-end international and domestic financial transactions.”
Member of the World Executive Committee Olivier Brettle noted that “Africa is a strategically important market for White & Case,” adding that the Johannesburg office continues to grow.
A&O has not remained inactive, however, having recruited six South African lawyers last month, including a new head of local banking practice, from Webber Wentzel.
Bowmans last week appointed a corporate partner as the new chairman, while the firm has lost four banking lawyers due to Cliffe Dekker Hofmeyr.