MTN Zakhele Futhi Launches ZAR 3 Billion Private Placement
Deal News | Jun 20, 2025 | Hogan Lovells
MTN Zakhele Futhi, a strategic investment entity, has initiated a significant private placement of ordinary shares worth ZAR 3 billion in MTN Group. The transaction was facilitated by the legal expertise of international law firm Hogan Lovells, with the advisory leadership from U.S. partner Alex Parkhouse and U.S. counsel Mark Devlin. Prominent financial players Morgan Stanley & Co International Plc and Rand Merchant Bank, a subsidiary of FirstRand Bank Limited, played key roles as joint bookrunners, ensuring the placement's execution with precision and efficiency.
Sectors
- Investment Banking
- Legal Services
- Telecommunications
Geography
- South Africa – MTN Zakhele Futhi and MTN Group are based in South Africa, where the share placement is taking place.
- United States – Hogan Lovells’ team included U.S. partner Alex Parkhouse and U.S. counsel Mark Devlin, indicating involvement from the U.S.
Industry
- Investment Banking – Morgan Stanley & Co International Plc and Rand Merchant Bank were involved as joint bookrunners for the private placement, which is a classic investment banking role.
- Legal Services – Hogan Lovells provided legal advisory services for the private placement transaction.
- Telecommunications – MTN Group, the subject of the share placement, is a major player in the Telecommunications industry.
Financials
- ZAR 3 billion – The total value of the private placement of ordinary shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MTN Zakhele Futhi | Target Company | Company | An investment entity focusing on MTN Group shares, initiating a private placement. |
| MTN Group | Target of the Share Placement | Company | A leading telecommunications company whose shares are being placed. |
| Hogan Lovells | Legal Advisor | Company | The legal firm advising MTN Zakhele Futhi on the share placement. |
| Morgan Stanley & Co International Plc | Joint Bookrunner | Company | An investment bank acting as a joint bookrunner for the share placement. |
| Rand Merchant Bank | Joint Bookrunner | Company | The investment banking division of FirstRand Bank Limited, also acting as a joint bookrunner. |
| Alex Parkhouse | Lead Advisor | Person | U.S. partner at Hogan Lovells, leading the advisory team for the transaction. |
| Mark Devlin | Advisory Support | Person | U.S. counsel at Hogan Lovells, assisting with the advisory services. |