Lureshan Naidoo

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Director

Location: Johannesburg

Tel: +27 11 535 8362

Fax: +27 11 535 8362

Email: lnaidoo@werksmans.com

ABOUT

Lureshan Naidoo is a Director in the Banking & Finance and Corporate Mergers & Acquisitions practice areas. He has significant experience in transactional and general corporate and commercial work (both cross-border and domestic), which includes advising on mergers & acquisitions, joint ventures, supply agreements, empowerment transactions, mining transactions, exchange control, company formation and restructurings. He spent two years at Standard Bank as the in-house senior lawyer to the Equity Finance and Investment team advising on numerous equity funding structures, acquisition finance and share cover deals, equity investments and the implementation and legal risk management thereof. Combining this with his extensive experience in legal practice in M&A and general corporate matters post completion of his articles at Werksmans in 2010, he is able to offer his clients holistic, pragmatic and commercial legal advice.

 

  • Banking & Finance
  • Corporate Mergers & Acquisitions

Commercial

  • Mergers & Acquisitions
  • Banking & Finance
  • Preference Share Funding
  • General Corporate
  • Mining
  • BBBEE transactions
  • Internal legal advisor to Standard Bank on numerous equity investments and equity and acquisition finance transactions.
  • Advised Standard Bank in relation the provision of R1.2bn funding (jointly with Futuregrowth Asset Management) to the South African National Taxi Council (SANTACO), the mouthpiece of the country's minibus taxi industry, for the acquisition of a 25% stake in SA Taxi.
  • Advised Vantage Capital, Africa’s largest mezzanine fund manager, on its $20 million debt and equity funding to Landmark Africa, one of Nigeria’s leading property developers, as they develop Landmark Village - a world class mixed-use precinct in Victoria Island.
  • Advised the shareholders of Sorbet Holdings in relation to their disposal of Sorbet to Long4Life Limited.
  • Advised  Steyn City Properties Proprietary Limited in relation to: 
    > the negotiation and conclusion of all construction related agreements;
    > assisting the client in all construction related disputes;
    > the negotiation and conclusion of public-private partnerships with the Gauteng Department of Transport in relation to the upgrade of provincial roads;
    > drafting of all relevant property sale and transfer agreements (residential, commercial and land); and land expropriation related matters, 
    > in relation to the development of the 2 000 acre lifestyle estate comprising residential units, golf course and commercial space, north of Fourways in Johannesburg. R6,5 billion has been spent on the first phase and over the next few years, over R50 billion is expected to be spent for Phase 2 of the development.
  • Advised Litha Pharma Proprietary Limited and Endo Ventures Limited on their acquisition of a business from Pharmacare Limited and certain assets from GlaxoSmithKline, including in relation to exchange control matters, manufacturing and supply agreements, trademark licensing agreements and interim/transitional arrangements.
  • Advised Thelo Group on the establishment and funding of its joint venture with the Industrial Development Corporation, being Thelo Rolling Stock Leasing Proprietary Limited 
  • Advised Denel SOC Limited in relation to its R855 million acquisition of 100% of BAE Systems Land Systems South Africa which specialises in the design and manufacture of military tactical-wheeled vehicles, mechanical driveline products, precision-machined components and gears, fire directing systems, and remote weapon launching platforms, subsystems and products.
  • Advised Thelo Rolling Stock Leasing Proprietary Limited in relation to its operating lease agreements with Minas Moatize Limitada for the provision of rolling stock on the Sena railway line in Mozambique connecting Tete with the Port of Beira.
  • Advised the Bidvest Group Limited in relation to its master services agreement, service schedules and service level agreements with Telkom SOC Limited with regards to voice, data and PRI services.
  • Advised Puckree Group on its disposal of its interest in a coal prospecting right to Continental Coal Ltd.
  • Advised Thelo Rolling Stock Leasing Proprietary Limited on its rolling stock export credit insurance policy with the Export Credit Insurance Corporation of South Africa SOC Limited. 
  • Advised MTO Forestry Proprietary Limited in relation to its acquisition of the forestry business of Bedrock Mining Support Proprietary Limited.
  • Advised Kaching Proprietary Limited on its strategic partnership/collaboration with Servest Proprietary Limited concerning a cashless payment parking solution.
  • Advised Thumbz Up Proprietary Limited on its processing services agreement with Australia and New Zealand Banking Group Limited (ANZ Bank) in relation to portable card acceptance devices.
  • Advised Thelo Rolling Stock Leasing Proprietary Limited on its rolling stock supply agreements with Transnet SOC Limited in relation to the manufacture and supply of locomotives and wagons. 
  • Advised AML Resources Ltd (incorporated in Hong Kong) on its acquisition and development of manganese assets in SA.
  • Advised Forbes & Manhattan Coal Corp in relation to its secondary listing on the JSE Limited.
  • Advised ExecuJet Aviation Group AG in relation to its BEE transaction with Simang M & E (Pty) Ltd.
  • Advised Vopak Internationaal B.V. (Netherlands) in relation to the sale of a 30% interest in its South African subsidiaries to Reatile Chemicals (Proprietary) Limited.
  • Advised  ExecuJet Aviation Group AG in relation to the establishment of a joint venture with Quits Aviation Nigeria, in Nigeria.
  • LLB (with distinction) (University of the Witwatersrand)
  • BCom (University of the Witwatersrand)
  • 2011: Associate, Werksmans
  • 2014: Senior Associate, Werksmans
  • 2015 - 2018: Director, Werksmans
  • 2018 - 2020: Standard Bank
  • 2020: Director, Werksmans 
  • Ranked as an expert consultant by IFLR 1000 | Energy & Infrastructure | Project Development | 2022
  • Ranked as a rising star by IFLR 1000 | Energy & Infrastructure | Project Development | 2018 - 2021