Siemens Business Services’ (South Africa) BEE Acquisition & Transformation – a 1st in Private-Public – Partnership (PPP)
In this deal, Dr Fynn (whilst then a Group Business Development Director for Siemens Business Services [SBS]), was co – responsible for
- Alongside the ten Managing Director, interviewing the prospective BEE partners
- The additional acquisition of Unihold IT Group (“Unihold”) & for advancing the said transaction’s approval by the respective Boards, including its initiation/application for approval by the local/South African Competition Board’s final approval of the Unihold acquisition;
- The parallel and follow – on structuring of the SBS – Unihold transaction so that the legal partners could fully complete the legal process for the deal
- The SBS Board’s acceptance of the SBS/Sifikile Holding’s Consortium (which, amongst others, included other BBBEE partners) transaction and the final transaction sign – off by Siemens AG (Germany), Siemens‘ other listed parties and, the Siemens (Southern Africa) Board.
This tri – structured transactional advisory deal was a multi- million Rand size deal and it involved several international partners and the South African Government, through the Department of Labour.