MTN Zakhele Futhi's Ambitious ZAR 3 Billion Private Placement
Deal News | Jun 20, 2025 | Hogan Lovells
Hogan Lovells has advised MTN Zakhele Futhi, a strategic investment entity affiliated with MTN Group, on a private placement valued at ZAR 3 billion for ordinary shares of MTN Group. The private placement was facilitated by the collaboration of financial heavyweights Morgan Stanley & Co International Plc and Rand Merchant Bank, acting as joint bookrunners. The transaction was led by Hogan Lovells' U.S. partner Alex Parkhouse, with strategic assistance from U.S. counsel Mark Devlin.
Sectors
- Telecommunications
- Investment Banking
- Legal Services
Geography
- South Africa – MTN Zakhele Futhi and Rand Merchant Bank are based in South Africa, making it a primary geographical focus of the transaction.
- United States – Hogan Lovells' team involved in the transaction is largely based in the U.S., indicating its geographical relevance.
Industry
- Telecommunications – MTN Group operates within the telecommunications sector, providing connectivity and related services.
- Investment Banking – Morgan Stanley and Rand Merchant Bank are involved as joint bookrunners, highlighting their role in financial transaction management.
- Legal Services – Hogan Lovells, a law firm, advised on the transaction, demonstrating the critical role of legal expertise in financial placements.
Financials
- ZAR 3 billion – The total value of the private placement of MTN Group's ordinary shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MTN Zakhele Futhi | Target | Company | An investment entity related to MTN Group, participating in the share placement. |
| MTN Group | Selling Company | Company | A major telecommunications provider, offering ordinary shares through a private placement. |
| Hogan Lovells | Legal Advisor | Company | Provided legal advisory services for the private placement transaction. |
| Morgan Stanley & Co International Plc | Bookrunner | Company | Acted as joint bookrunner for the share placement. |
| Rand Merchant Bank | Bookrunner | Company | A division of FirstRand Bank Limited, served as joint bookrunner. |
| Alex Parkhouse | Lead Legal Advisor | Person | U.S. partner at Hogan Lovells, leading the transaction team. |
| Mark Devlin | Legal Advisor | Person | U.S. counsel at Hogan Lovells, assisting the transaction. |