Stephen Gie is a director in our Finance and Banking practice. He advises financiers, borrowers, equity funders, venture capitalists, private equity firms and corporates in all aspects of their funding structures and underlying transactions. His experience includes project finance, acquisition finance, property and development finance and related security structures.

Career

After finishing law school in 1999, Stephen spent the following year working in the Construction and Engineering Litigation department of the London office of Herbert Smith. He returned to Cape Town where he completed his articles, and was appointed as an associate, in the Commercial department of Sonnenberg Hoffman & Galombik. Stephen complimented his commercial law experience by practising litigation in another Cape Town law firm before working with Atlas Capital, an international fund-of-hedge funds manager, as in-house Legal Advisor in London and Guernsey. Stephen joined Hofmeyr (now Cliffe Dekker Hofmeyr) as an associate in 2006 and was promoted to senior associate in 2007. He became a director in April 2009.

Credentials

Education

  • BSocSci, LLB (Dean's Merit List), University of Cape Town
  • Management Development Programme (Distinction), University of Stellenbosch Business School
  • Certificate in Advanced Corporate and Securities Law, University of South Africa
  • Year of admission as an attorney: 2003

Memberships

  • Cape Law Society
  • Law Society of the Northern Provinces

Experience

Acted for the project company in relation to the debt and equity financing of the construction, development, operation and maintenance of a solar farm in Kathu in the Northern Cape of South Africa under the DoE’s Renewable Energy IPP Procurement Programme (with a debt and equity financing value of approximately R3.,5 billion).

Responsible for negotiating, drafting and implementing suites of agreements in respect of numerous private equity ventures (such as shareholder, sale of shares, put and call options, share claw backs, loan, loan facility and preference share financing structures).

Assisted in and managed the implementation of the transaction in respect of the preference share finance re-structuring for BEE shareholders to participate in a rights offer conducted by a JSE-listed hospital group in respect of its acquisition of a Swiss hospital group.

Counsel for lenders in drafting of R200 million bridge loan facility agreement and related security documents.

Counsel for lenders in restructuring, amending and restating loan and security documentation.

Member of the team advising on the formation of a schools infrastructure fund and linked grant fund whose committed capital is R1,2 billion.

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