Fine Wine Fellow Completes Acquisition Financing Through Preference Share Funding with Nedbank

Fine Wine Fellow (RF) Proprietary Limited, the South African subsidiary of Global Beverage Holdings, has completed a preference share funding transaction with Nedbank, supporting its acquisition financing arrangements. The transaction refinanced a bridge loan previously advanced by Nedbank in connection with Fine Wine Fellow's investment in NGF National Proprietary Limited.

Structured as acquisition-related preferences share funding, the deal required the implementation of bespoke constitutional and ring-fencing arrangements, while addressing tax considerations arising from mid-transaction amalgamtion for certain target subsidiaries.

The transaction marks Fine Wine Fellow's first preference share funding of this nature of South Africa and highlights the continued use of innovative financing structures to support corporate acquisitions.

Advisory Team:

Deneys

Izak Lessing

Willem de Villiers

Samantha Petersen

Camille Kafula

Saajidah Patel