CSG Holdings Limited (CSG) is a multi-disciplinary outsourced services group, offering a wide range of services within facilities management and professional people solutions.
CSG was approached by African Rainbow Capital (ARC) to acquire the remaining shares it did not already own by way of a general offer to CSG’s shareholders and to delist the company from the Main Board of the JSE Limited (the Transaction).
The Transaction would enable CSG to enhance its Broad-Based Black Economic Empowerment credentials, a critical factor to the sector in which CSG operates as well as reduce financial costs and management time required to maintain CSG’s listing on the JSE.
Deloitte acted as exclusive Corporate Advisor and Transaction Sponsor to CSG on the Transaction and assisted with soliciting interest from ARC, developing a transaction approach suitable to all parties and advising on the JSE and Takeover Regulations Panel requirements associated with a transaction of this nature. CSG was successfully delisted from the Main Board of the JSE on 26 April 2022.
Client: CSG Holdings Limited
Sector: Professional and Commercial Services
Capabilities: Corporate Finance Advisory, JSE Sponsor Advisory
Deloitte’s role: Corporate Advisor, Transaction Sponsor
Country: South Africa