Norton Rose Fulbright advises Futuregrowth on R100 million restructuring to support rural retail growth

Norton Rose Fulbright has advised Futuregrowth Asset Management Proprietary Limited, acting as facility agent on behalf of mezzanine lenders, on the R100 million restructuring of its mezzanine facility to Diecel Invest and Trade (RF) Proprietary Limited for the acquisition of equity in rural retail property platform Enyuka Prop Holdings and the refinancing of existing debt.

The firm acted for and assisted Futuregrowth in designing a funding structure that ensured Futuregrowth’s rights were aligned with senior lenders, despite investing at a different level in the capital structure. The team also secured protections through targeted negotiations with stakeholders and tailored security arrangements.

The deal strengthens Futuregrowth’s position in supporting high-impact commercial property platforms and demonstrates NRF’s expertise in structuring complex mezzanine finance arrangements.

The Norton Rose Fulbright team was led by Banking and Finance director Izak Lessing, with key support from  Adrienne Hendricks, associate. 

This transaction highlights Norton Rose Fulbright’s continued strength in navigating complex capital structures and protecting lender rights across bespoke investment vehicles.