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Portrait ofYushanta Rungasammy

Yushanta Rungasammy

Partner
Co–Head of Corporate & Commercial

CMS RM Partners
82 Maude Street
3rd Floor
Sandton
2196 Sandton
Johannesburg
South Africa
Languages English

Yushanta is a director and co – head of the corporate and commercial team.  She has over 13 years of experience. 

She advises both domestic and international clients in relation to general corporate, commercial and contract work, cross-border and international transactions including upstream and downstream private equity and BEE structuring and mergers & acquisitions.

Her practice covers a variety of industries, including financial institutions & services, hospitality & leisure, mining and commodities and private equity.  She regularly conducts and project-manages legal due diligence investigations across these industries.

Yushanta has also worked across many jurisdictions in Africa, including Botswana, Namibia, Zambia and Lesotho and has experience with working with Indian and Chinese clients.

Before joining the practice, Yushanta worked for other well-known international law firms.  

Yushanta holds an LLB from the University of Pretoria and is a member of the Legal Practice Council. She also holds a certificate in Advanced Company Law from the University of the Witwatersrand, and a certificate for completion of the ‘Indian Program for Legal Talents in BRICS Countries’, from the Amnity Law School in Noida, India, which program was in collaboration with the Bar Association of India.

She has been recognised as Best Lawyers 2019 - 2021 for Corporate & Commercial Law. 

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They have outstanding industry knowledge and experience, and a practical understanding of the law. They always come back quickly and are available when needed! They make my business their business which brings comfort.

Legal 500 | Corporate & Commercial, South Africa, 2023

The individuals at CMS have been around the block and know what to ask and look for. They make themselves available and respond to queries urgently. They know my business intimately.

Legal 500 | Corporate & Commercial, South Africa, 2023

She understands the risks involved and provides mitigating solutions for consideration.

Chambers & Partners, South Africa, 2024

She provides very pragmatic solutions and options for the client to consider.

Chambers & Partners, South Africa, 2024

Yushanta Rungasammy is an exceptional lawyer who always gives her client the utmost attention and provides quick turnaround times.

Chambers & Partners, South Africa, 2024

Relevant experience

South Africa 

  • African Parks Network - assisted as the lead legal advisors with a last-minute ‘lifeline’ in a major purchase and rhino rewilding project for 2,000 African rhinos. 
  • Exxaro Resources Limited – acting as legal advisers on the disposal of Exxaro’s equity interest in Exxaro Coal Central Proprietary Limited and it’s Leeuwpan Coal Mine operation. We are assisting with various legal works streams relating to the transaction process; as well as the drafting of (and will be assisting with the negotiation of) the transactions documents.
  • One of Africa’s leading financial services group - in connection with the restructure of its investment management and insurance division. The restructure formed part of the implementation of a new operating model of the financial services group in line with its new African focused strategy.
  • SummerPlace Equity Fund 1 (represented by its fund manager, SummerPlace Equity Partners) - on the acquisition of 44% of the issued shares in Old School Cool from the seller for an amount of ZAR 2 million.
  • Kleoss Fund I - as represented by its advisor Kleoss Capital on its acquisition of a direct equity interest in Dartcom SA, a specialist distributor and service provider in the telecommunication industry.
  • An on-demand cloud computing platform provider - regulatory advice in connection with the provision of telemedicine services in South Africa. CMS advised on the healthcare laws and regulations, access to information, data privacy, consumer protection and telecommunications legislation. We also advised on laws that have been promulgated in reaction to the COVID-19 pandemic. 
  • Calibre Investment Holdings and The Reef Group Holdings - in connection with an offer made to the board of Unicorn regarding the acquisition of a 51% interest in a new holding company to be established by Unicorn, following an internal restructure of Unicorn.
  • A broad-based black empowerment investment company - on the disposal of its shareholding in one of South Africa’s leading business intelligence and data management groups.
  • A broad-based black empowerment investment company - on the provisions of the Financial Markets Act, 2012 and the Johannesburg Stock Exchange (JSE) Listings Requirements in connection with a capital raising by a JSE listed empowered logistics group.
  • Kit Kat Group - on the internal restructure of the Kit Kat Group, a family owned consumer products group with operations across the Gauteng province. The transaction was implemented in terms of section 42 of the Income Tax Act. Kit Kat group is a community orientated business servicing lower end of the consumer products market and this transaction was a part of the expansion of the Kit Kat Group.
  • One of Africa’s largest independent actuarial firms - on the establishment of its employee benefits business. Our advice related to financial sector regulations such as the Financial Advisory and Intermediary Services Act.
  • Barclays Bank plc - on the reorganization of the corporate structure of its structural reform programme
  • Jindal Africa Investments - in relation to Jindal Steel & Power’s shareholding in Jindal BVI Limited.
  • A prospective bidder (being an internet technology and financial services provider) - on its potential acquisition of interest in a South African provider of mobile card readers. This included conducting and managing a legal due diligence investigation and advising on draft transactional agreements.

Cross-border Africa

  • Enko Capital Managers, a private equity manager - on its investment to provide expansion capital to AMI Logistics (AMI) to support its expansion strategy into Africa and to finance AMI’s acquisition of Manica Holding (MHL). The deal involved a due diligence across MHL’s operating subsidiaries in South Africa, Zimbabwe, Zambia, Malawi and Botswana, as well as the drafting of the transaction documents.
  • A leading Japanese conglomerate - on its acquisition of an interest in a data analytics and micro-lending firm with presence in emerging markets such as Bulgaria, South Africa and the Philippines. The target had developed an innovative and proprietary credit scoring approach to offer consumers rapid credit decisions. The multidisciplinary legal team that advised on the deal was based in Europe, Africa and Asia.
  • CDC Group Plc - on its investment in Cattle Feedlot Company, a Malawian company. This included conducting a legal due diligence investigation and drafting the transactional agreements.
  • Minor International Limited - a hospitality company operating over 1,500 restaurants and 100 hotels in the Asia-Pacific and Middle East regions and Africa, based in Bangkok, Thailand, on its acquisition of various assets from Sun International Limited, a resort hotel chain and casino operator listed in South Africa. The proposed acquisition includes assets in Botswana, Swaziland, Namibia, Zambia and Lesotho.
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Memberships & Roles

  • Member of the Legal Practice Council 
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Education

  • 2016 - Certificate for ‘Indian Program for Legal Talents in BRICS Countries’, Amnity Law School in Noida, India
  • 2015 - Advanced Company Law Diploma, University of Pretoria, South Africa 
  • 2007 - LLB, University of Pretoria, South Africa 
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