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Nana Fezeka Dlamini | Associate | Banking & Finance | South Africa

Nana Dlamini

Consultant

CMS RM Partners
85 Grayston Drive
5th Floor
Sandton
2196
Johannesburg
South Africa
Languages English, Zulu, Xhosa

Nana is an associate in the Banking and Finance team with over 15 years of experience. After specialising in a few different areas of law (including tax as well as mergers and acquisitions) she has found her passion in the field of banking and finance.

She has experience (and her current practice involves working on transactions) as lenders’ counsel and as borrowers’ counsel in a variety of corporate and investment banking products including investment grade bilateral facilities, leverage lending, syndicated lending incorporating a security vehicle to house the security for the benefit of the lenders, and mezzanine lending. She also has limited exposure to project finance. She also has experience both in local and cross-border transactions. 

Previously, she practiced at one of the big South African law firms. She also held a position as internal legal counsel within the investment banking division of Absa CIB Bank Ltd. Prior to this she spent a term working abroad as a lawyer at a big law firm in London. Her previous experience also includes being a corporate finance executive where she gained valued exposure to mergers and acquisitions, advising various companies listed on the Johannesburg Stock Exchange, and before that she worked as a tax consultant at KPMG.

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Relevant experience

  • The corporate and investment baking division of one of the major South African banks - in relation to the financial restructuring of a financially distressed borrower. 
  • The corporate and investment baking division of one of the major South African banks - in relation to its exposure to South African Airways SOC Limited (SAA), especially in light of any standstill arrangements with other creditors of SAA. 
  • A group of funders including a bank and other financial institutions - in relation to cross boarder funding provided to a South African borrower, and which is guaranteed by entities from South Africa, Mozambique, Ghana and Kenya. The local and international guarantors are also required to provide both registrable and non-registrable security in favour of the funders. 
  • A Johannesburg Stock Exchange listed coal mining company and certain of its subsidiaries - in connection with refinancing of its short term and bridge facilities in a total amount of ZAR 1.1 billion with provision made for an accordion increase for a further ZAR 500 million. We also advised the borrowers and other security providers in relation to the new security package required by the lenders. Our advice extended beyond financial close of this transaction  
  • Spartan SME Fund Proprietary Limited - in relation to the ZAR 100 million junior loan funding provided to it by SA SME Fund Limited. As part of the transaction, we also assisted Spartan with the creation of a special purpose security vehicle that Spartan will use to attract other financiers. The junior funding from SA SME serves as the first step by Spartan in setting up its ZAR 600 million SME debt financing fund
  • The corporate and investment baking division of one of the major South African banks  - in relation to a refinancing transaction in which it lent approximately ZAR 110 million in facilities to a South African entity that provides a cloud based one stop collection service for enterprises that collect large volumes of payments on a monthly basis. That company will utilise the proceeds of these facilities towards refinancing existing financial indebtedness, general corporate purposes, acquisitions and capital expenditure
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Education

  • 2004 – LL.M., University of the Witwatersrand, South Africa
  • 2003 – Certificate in Value-Added Tax, University of South Africa
  • 2001 – Higher Diploma in Company Law, University of the Witwatersrand, South Africa
  • 1999 – LL.B., University of Natal, South Africa
  • 1997 – BA Law, University of Swaziland, Swaziland
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Memberships

  • Member of the Legal Practice Council, South Africa 
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7 October 2019
CMS ex­pands in Africa
South Afric­an and Kenyan law firms ad­ded to CMS’s glob­al...
June 2019
CMS Bank­ing & Fin­ance Glob­al Bro­chure