(a) The Rand Merchant Bank had been appointed as transaction advisor to oversee the Strategic Equity Partner (SEP) transaction of Air Chefs by SAA, the Department of Public Enterprises (DPE) expanded the scope in line with procurement prescripts to include a similar scope on the SAA group, in line with Treasury Regulation 16A6.6.
(b)The contract value is capped at R12 million as retainer fee and R25 million as success fee for concluding a partnership for S
(c) The deliverables are;
i. Initial evaluation
ii. Due diligence and agreeing heads of agreement
iii. Final Due Diligence, definitive Transaction agreements, Transaction approvals and closing
(d) The timeline for the contract is 12 months. But the project may be concluded earlier due to the urgency of the matter, and the Department of Public Enterprises (DPE) has an option of exiting within 15 days, a month’s notice or by mutual agreement.