8 April 2005 VALBRIDGE TRUST NEGOTIATE BUY-OUT DEAL Valbridge Trust (Valbridge), a national company, specialising in management buy-ins / buy-outs, has assisted the management shareholders of leading national soya oil manufacturers NEDAN, in the sale of the outstanding shares to leading agricultural giant AFGRI. This is the second time Valbridge have been involved in a deal with NEDAN. Four years ago they were instrumental in the management buy-out of the company from Anglo Vaal Industries (AVI). “The whole transaction went exceptionally well”, says Kevin Nel, managing director of NEDAN. “We were fortunate once again to have Valbridge on our team, not only because they specialise in this type of transaction, but because they know our business well and how we operate.” “AFGRI, already had a 27% interest in the business, which they acquired four years ago. They have been part of the turnaround of the company, so the move to full ownership is a natural progression. They also have a ‘footprint’ in the agricultural sector which will further augment NEDAN’s current operation,” Nel continues. Valbridge Trust recently negotiated the buy-out / buy-in deal for the purchase of the Unilever South Africa Foods’ (USAF) food ingredients factory, by management. |