BSM Black is a Southern African natural resources advisory company that provides a full range of advisory services in challenging situations.
BSM Black was formed in 2016 through the amalgamation of the founding partners’ respective natural resource advisory interests. All parties identified the unique opportunity to combine skill sets and networks in order to become a reputable player in the natural resources sector.
We provide a full scope of bespoke corporate finance and consulting services where we focus exclusively on the natural resources sector.
BSM Black aims to become the pre-eminent Southern African natural resources advisory firm.
We provide a full scope of corporate finance, consulting and distressed advisory services to our clients within the natural resources sector; combining over 50 years of geo-technical and investment banking experience spanning across 75 different countries.
We focus on building long term relationships with our clients where we are able to provide personalised service that is specifically tailored to the needs of each individual client.
BSM Black combines the skill and independance of a corporate finance advisory combined with geo-technical support from esteemed geologists.
Carefully crafted alternative transaction structures to maximise specific objectives, evaluating and comparing the options based upon each client’s unique factors and situation.
Service offering to clients with unmatched knowledge, investor access and strategic advice across the spectrum of Mining & Metals corporate finance and geology.
Nurtured and tested relationships with local and global investors and service providers.
C O R P O R A T E F I N A N C E S E R V I C E S
Tenurey BSM creates significant value for its clients before, during and after the transaction process, through:
Providing comprehensive business valuations;
Efficiently managing the transaction process;
Advising on and participating in negotiations;
Providing structuring solutions to ensure that the transaction is structured in an efficient manner;
Determining the optimal funding structure for a transaction;
Assisting with due diligence, risk management and governance; and
Communicating to all stakeholders during the transaction process.
We provide advice on a full range of transactions, including:
Mergers and acquisitions;
Leveraged buyouts;
Disposals;
Joint ventures;
Spin-offs; and
Divestures and other restructurings
We assist our clients in growing their business by raising capital to repay debt and fund acquisitions.
In addition to structuring and raising capital through listings and placements, our team also offers specialist advice for:
– Rights offers;
– Share buy-backs; and
– Unbundlings
Providing comprehensive business valuations;
Efficiently managing the transaction process;
Advising on and participating in negotiations;
Providing structuring solutions to ensure that the transaction is structured in an efficient manner;
Determining the optimal funding structure for a transaction;
Assisting with due diligence, risk management and governance; and
Communicating to all stakeholders during the transaction process.
We provide advice on a full range of transactions, including:
Mergers and acquisitions;
Leveraged buyouts;
Disposals;
Joint ventures;
Spin-offs; and
Divestures and other restructurings
We offer corporate and private equity borrowers independent and objective financing advice and can assist in arranging any type of debt finance.
Tenurey BSM offers assistance to distressed companies and business rescue practitioners through the provision of corporate advisory services in business rescue processes.
We also assist our clients in raising the required capital to support them with their turnaround strategy.
Tenurey BSM has specialist experience in providing clients with innovative solutions to optimise their capital structure, including clients in distressed situations. Restructuring solutions typically require a detailed assessment of the company’s value, future cash flows and liquidity requirements and subsequent negotiations with all stakeholders to restructure existing debt and to raise new capital in the debt and/or equity market.
We offer the following integrated services:
– M&A advisory and execution;
– Equity and debt fundraising and negotiations with current and / or future debt providers;
– Acquisitions;
– Disposals or partial exits;
– Take privates/delistings; and
– IPOs.
We offers a wide range of objective and independent valuation services to listed, private, multinational and governmental organisations.
Our service offering includes:
– Company valuations;
– Independent expert reports;
– Fairness opinions;
– Property valuations; and
– Option valuations.
Our team looks at each transaction holistically and provides a tailored service offering on a case by case basis – which is obtained from the insights gained from a number of local industries and market niches using the team’s experience.
We advise on the JSE Listings Requirements and where necessary will prepare documentation, including circulars and announcements, for submission to the JSE.
Tenurey BSM offers fully integrated services for investors and private companies, which include:
– M&A advisory and execution;
– Raising equity and debt funding;
– Acquisitions;
– Disposals or partial exits;
– Take private / delistings from Johannesburg Stock Exchange; and
– IPOs and restructurings.
We also provides our clients with detailed research concerning the market
and industry in which:
– they operate in; and/or
– an acquisition target operates in.
We assist our clients in achieving their BEE objectives and offer advice on the following:
– BEE codes and industry charters;
– Structuring;
– Funding;
– Process;
– Identification and introduction of a BEE partner;
– Valuation; and
– JSE/TRP/Competition Authorities aspects.
C O N S U L T I N G S E R V I C E S
– mineral exploration management
– exploration target selection and project initiation
– independent project reviews and resource estimation
– independent sign-off and technical reporting
– geotechnical investigations
– open pit mine designs, planning and engineering
– mining feasibility studies
– mining project evaluation
– grade control and reconciliation
– mining risk management
– independent project review
– confidence and risk assessment and management
– data management
– competent persons report
– grade control and reconciliation
– mining economics and finance
A D V I S O R Y S E R V I C E S
– restructuring and balance sheet optimistaion
– business rescue advisory and management
– pre-business rescue management
– stakeholder engagement strategies
– debt advisory and arranging, including restructuring and refinancing
– disposals of non-core assets and businesses
– capital raising for core businesses
– exist of core assets
– creditor compromises and creditor value creation and distribution
– business rescue liquidation valuations
OUR TEAM IS COMPRISED OF HIGHLY EXPERIENCED CORPORATE ADVISORS AND RESOURCE SPECIALISTS WHO HAVE A THOROUGH KNOWLEDGE OF THE NATURAL RESOURCES INDUSTRY.
FOUNDING PARTNER AND DIRECTOR
MBA
William is an Executive Director of BSM Black and holds a degree in Chemistry from the UK and an MBA from the University of Witwatersrand.
William has over 25 years of experience in the natural resources sector followed by 3 years as a mining equities analyst and 5 years of Investment Banking experience at Investec Corporate finance on the mining team. Starting as a shift supervisor, career highlights include the development and commissioning of metallurgical processes, beneficiation projects, industry and market analysis at Implats. The publishing of a book on the global platinum industry in 2000, 2 years of managing a gold project in Tanzania and the financial and technical evaluation of various projects in the mining sector.
William has advised numerous mining clients on a number of transactions ranging from stock exchange listings, capital raises, M&A and BEE transactions, including most recently advising eXtract Group on its restructuring process.
FOUNDING PARTNER
B.COM (HONS) | CA (SA)
Dean is an Executive Director of Birkett Stewart McHendrie and is one of the founding members of BSM Black. Dean is a qualified Chartered Accountant, having finished his articles at Ernst & Young. Dean has 6 years of investment banking experience, starting off his career at Investec Corporate finance. During his time at Investec, Dean advised on a number of transactions for multiple JSE listed companies performing the full suite of corporate finance advisory work.
Dean advised Texton Property Fund (formerly Vunani Property Fund) on a number of their property acquisitions (including offshore acquisitions), capital raises, M&A strategy, Texton’s BEE transaction and performed all of their JSE related work.
Dean left Investec in September 2015 to begin work at Birkett Stewart McHendrie and has been involved in all aspects of the business and has advised on a number of transactions for BSM’s existing client base.
FOUND PARTNER AND DIRECTOR
B BUS SCI (FIN HONS) | CA (SA)
Patrick is an Executive Director of Birkett Stewart McHendrie, one of the founding members of Tenurey BSM, and one of the founding members and directors of BSM Black. He is a qualified Chartered Accountant in South Africa.
Birkett Stewart McHendrie is a boutique corporate finance firm with a merchant banking philosophy of providing sound corporate finance advice to its clients and backing it’s clients where possible through debt and equity positions.
Patrick has over 6 years of Investment Banking experience, having joined AfrAsia Corporate Finance in 2011 and Investec Corporate Finance in 2013 where he advised a number of blue chip clients including inter alia Growthpoint and Sun International, on numerous capital raisings, mergers and acquisitions, IPOs, corporate restructurings and stock exchange related activities. Prior to investment banking, Patrick undertook his accounting articles at Deloitte, where he was a member of the financial services team.
Patrick left Investec in July 2014 in order to commence the operations of Birkett Stewart McHendrie. During this time, Patrick has advised on a number of significant distressed and vanilla corporate finance transactions, including the Ellerine Furnishers and Ellerine Holdings restructuring and wind down, Elgin Engineering restructuring and subsequent disposal and the restructuring and capital raising for Mintails Gold Mining
ASSOCIATE
B.SC (ENGINEERING) | MBA
Mark is an associate to BSM Black and holds a BSc. Engineering degree in Mining Engineering from the University of the Witwatersrand and an MBA from the University of Cape Town.
Mark has over 25 years of experience in financial analysis and advising into the resources sector. This includes two years as an equities analyst at Standard Equities, four years as an equities analyst and portfolio manager at Standard Asset Management, two years as a techno-economic consultant with Venmyn Rand and ten years with Rand Merchant Bank Corporate Finance on the mining team.
Mark has worked as a transactor, valuator and strategic advisor to many of the large mining corporates in South Africa, including Anglo American, DeBeers, Anglo Platinum, Kumba Iron Ore and Exxaro.
Amongst other work, Mark acted as strategic advisor and techno-economic valuator for Kumba Iron Ore during the 21.4% mineral rights dispute and associated AMSA pricing re-negotiation, transactor and techno-economic advisor to De Beers in the Finsch Diamond Mine sales, and transactor and techno-economic advisor to Exarro in the New Clydesdale Colliery sales process and the purchase of the Total Coal assets by Exxaro.
FOUNDING PARTNER
Shaun has over 7 years of Banking and Investment Banking experience, having joined Investec Corporate Finance in 2011 where he advised a number of blue chip clients including inter alia Steinhoff, Bidvest, Growthpoint and SA Corporate Real Estate Limited. He has advised on numerous significant mergers and acquisitions, corporate restructurings and new listings. He advised SA Corporate Real Estate Limited on defending an offer from Capital Property Fund, advised on the internalisation of SA Corporate’s management company, the acquisition of Afhco Holdings Proprietary Limited, the acquisition of a Zambian property portfolio and a subsequent R1.2bn rights offer. He also advised Accelerate Property Fund on its listing on the JSE, including a capital raise of R1.9bn.
Shaun left Investec at the beginning of 2016 and co-founded Birkett Stewart McHendrie, an independent boutique corporate finance firm. He assisted in establishing Tenurey BSM, which involved the amalgamation of the founding partners’ respective property advisory interests to provide a holistic property offering to clients.
For any enquiries or additional information, please feel free to send us a message
+27 82 479 7147
+27 83 320 6893
Ground floor, Jindal Africa
22 Kildoon Road, Bryanston
Johannesburg, South Africa, 2191
