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EDUCATION

EDUCATION · 2019. 9. 6. · Milpark Education (Pty) Ltd (Milpark Education) from Leaf Capital and other investors; and • sale of its entire interest in Milpark Education to Stadio

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Page 1: EDUCATION · 2019. 9. 6. · Milpark Education (Pty) Ltd (Milpark Education) from Leaf Capital and other investors; and • sale of its entire interest in Milpark Education to Stadio

EDUCATION

Page 2: EDUCATION · 2019. 9. 6. · Milpark Education (Pty) Ltd (Milpark Education) from Leaf Capital and other investors; and • sale of its entire interest in Milpark Education to Stadio

BOWMANS

2

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Education

Contents

04 OurFirm

05 OurFootprintinAfrica

06 OurEducationSector

08 OurSignatureMatters

12 Accolades

14 KeyContacts

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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

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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

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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]

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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