Stephen Kennedy-Good

Director

Stephen Good Kennedy

Johannesburg

T:+27 11 685 8556

F:+27 11 301 3200

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Stephen Kennedy-Good is a corporate, mergers and acquisitions lawyer based in Johannesburg. Stephen's areas of practice include mergers and acquisitions, and general transactional work.

During 2010, Stephen assisted Anglo Platinum Limited with their rights offer valued at ZAR12.5b which, at the time, was the largest rights offer in the history of South Africa. He also advised the RTT Group in regard to their capital restructuring exercise which was partly implemented by way of two inter-conditional schemes of arrangement. In 2011, he assisted SacOil Holdings Limited with their secondary listing on the Alternative Investment Market of the London Stock Exchange. More recently, Stephen advised the Industrial Development Corporation of South Africa in relation to the takeover offer made on behalf of Naledi Foundry of Republic of South Africa to acquire all of the shares of Dorbyl Limited, listed on the Johannesburg Stock Exchange. He has also advised both lenders and developers within the renewable energy space, particularly in regard to shareholder arrangements.

He has a keen interest in company law and has presented a number of papers relating to the Companies Act of 2008 and corporate governance to some of South Africa’s major banking, auditing and regulatory institutions. He regularly advises clients on corporate law and corporate governance. He is also a contributory author to Directors Liability and Indemnification: A Global Guide, Second Edition and to Doing Business in the BRICS: A Practical Legal Handbook.

Stephen holds a LLB degree (cum laude) from the Nelson Mandela Metropolitan University and, whilst practising, he completed his Master of Laws degree in Commercial Law at the University of Cape Town.
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  • Selected client work
    • Acted for Absa Bank Limited relative to its acquisition of Edcon’s store card book for ZAR10b
    • Acted for Alliance Grain Traders Inc. (listed on the Toronto Stock Exchange) relative to its acquisition of Advance Seed Proprietary Limited
    • Acted for Cepheid (listed on Nasdaq) relative to its acquisition of Pro-Gen Diagnostics Proprietary Limited
    • Acted for ConvergeNet Holdings Limited (listed on the Johannesburg Stock Exchange) (ConvergeNet) relative to the acquisition by ConvergeNet Management Services Proprietary Limited of shares held by Titan Share Dealers Proprietary Limited in the issued share capital of ConvergeNet.
    • Acted for Grindrod Limited (listed on the Johannesburg Stock Exchange) relative to (i) the construction and back-to-back lease arrangements for 20 locomotives to African Railway and Port Services (SL) Limited and (ii) the structured cross-border restructuring (novation and transfer of assets / obligations) relative to the 20 locomotives
    • Acted for Grindrod Limited (listed on the Johannesburg Stock Exchange) relative to the construction and back-to-back lease arrangements for 14 locomotives to African Railway and Port Services (SL) Limited
    • Acted for Omidyar Network Services LLP relative to its acquisition of an equity interest in Altius Trading 437 Proprietary Limited (trading as “Bozza”)
    • Acted for Industrial Development Corporation of South Africa relative to the takeover offer made on behalf of Naledi Foundry of Republic of South Africa to acquire all of the shares of Dorbyl Limited, listed on the Johannesburg Stock Exchange
    • Acted for Old Mutual Life Assurance Company (South Africa) Limited relative to its investment in a solar project located over Portion 1 of the Remainder of Portion 1 of the farm Kwartels Pan No 25 division Hopetown, Northern Cape, with an estimated capacity of 10 megawatts, known as “The Greefspan Project”
    • Acted for Old Mutual Life Assurance Company (South Africa) Limited relative to its investment in a solar project located over Portion 50 and 51 of the farm Atherton no 82, Herbert District, with an estimated capacity of 20 megawatts, known as “The Herbert Project”
    • Acted for Old Mutual Life Assurance Company (South Africa) Limited relative to its investment in a wind project located at Van Stadens in Nelson Mandela Bay, Eastern Cape, with an estimated capacity of 27 megawatts, known as “The Metrowind Project”
    • Acted for Nedbank Limited in its capacity as Lender relative to a wind project located at Farm 787, Humansdorp, Eastern Cape, with an estimated capacity of 95 megawatts, known as “The Tsitsikamma Project”
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