Concor Group restructuring and renegotiation of PIC loan facilities
- Value
- Undisclosed
- Date
- 10 October 2026
- Transaction type
- Syndicated Loan
- Practice area
- Banking and Finance
- Sector
- Infrastructure
- Jurisdiction
- South Africa
- Client
- Firefly Investments / Concor
Summary
Concor Group restructuring and renegotiation of PIC loan facilities.
Value not disclosed in the source. Pick of the Best, DealMakers SA Business Rescue & Turnaround Transaction of the Year 2025; restructuring preserved c.1,600 jobs and required competition approvals in South Africa, Namibia and Botswana plus section 45 Companies Act structuring; local advisers per DealMakers: Cox Yeats, ENS and Deloitte.
Why it matters
Significant / value undisclosed
Scope of legal work
Cox Yeats; ENSafrica (ENSafrica)
Advisers
Other parties
Firefly Investments / Concor (acquirer or client); Public Investment Corporation (lender) (counterparty or seller)
Other advisers
Deloitte
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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