Jan Kruger
Partner | Cape Town
Contact
T: +27 21 480 7907
Overview
Jan brings extensive experience in managing large, complex, and cross-border transactions, leveraging his background working with international financial institutions to offer clients pragmatic, risk-tailored advice. He is a trusted advisor to South Africa’s leading financial institutions, international banks, development institutions, and borrowers.
Having led legal teams at Standard Bank across South Africa, London, and other African offices, Jan has an in-depth understanding of the banking sector’s dynamics and the needs of in-house legal teams. His ability to navigate and resolve difficult negotiations with a practical, non-aggressive approach is a key asset to his clients.
With expertise in structured finance, preference share funding (including BEE transactions), asset and leveraged finance, syndicated lending, and property finance, Jan works on some of the largest and most complex deals across Africa and beyond. His tax law qualifications further enhance his proficiency in tax-driven funding structures. Whether advising on local or cross-border investments, Jan is known for his strategic insight, deep industry relationships, and ability to manage high-stakes transactions efficiently.
Experience
A selection of Jan’s key client experience include advising:
- Advising the lenders in relation to the sustainability-linked financing and syndication of a multi-currency facility to AECI Limited and AECI Mauritius Ltd, a listed company that operates in the mining, explosives and chemicals sectors.
- Advising UBI, ARC and their affiliates in relation to the restructuring and unwinding by Sanlam of their broad-based black economic empowerment transaction.
- Capitec Bank in its acquisition of Mercantile Bank;
- African Bank in its merger with Grindrod Bank;
- Standard Bank and Rand Merchant Bank in respect of their financing to Distell as part of the Heineken/Distell merger;
- Norfund and BII (previously CDC) in their equity and financing investments in a South African BEE investor in the renewable energy sector;
- Absa Bank Limited and African Rainbow Energy and Power (AREP) iro their formation of the African Rainbow Energy Fund and Absa Bank in regard to their contribution of several renewable energy assets into the Fund and their financing to the Fund and AREP to invest in new renewable energy projects;
- African Rainbow Capital on a private equity mezzanine funding into Kenya;
- Pick n Pay in relation to a green loan facility with RMB for ZAR 1.2 billion;
- Capitec Bank in relation to their acquisition of the Liberty building in Cape Town;
- Coca Cola in relation to their restructuring and refinancing of all their syndicated and bilateral facilities throughout all of their offices in Africa;
- Helios Fairfax Partners in relation to their shareholding in Grobank and the sale of the majority of their stake to Access Bank in Nigeria and the conversion of Grobank to Access Bank South Africa;
- Western Cape based listed company KAL iro their term and RECF funding from Absa Bank;
- Old Mutual Emerging Markets in relation to the refinancing and restructuring of their syndicated and bilateral RCF and multicurrency/multijurisdictional facilities;
- South African banks on structures to enhance their Tier I and II capital positions;
- African Rainbow Capital in respect of the restructuring of its financial assets and the funding related thereto and Sanlam’s acquisition of 25% in these assets;
- African Rainbow Capital in respect of its investment in Kropz Plc and its UK listing;
- Old Mutual Hybrid Equity Fund and Old Mutual Specialised Finance on several preference share and BEE funding transactions;
- Helios Fairfax Partners on several restructuring and funding transactions in respect of their assets throughout Africa;
- The Standard Bank of South Africa Limited on the restructuring of its BEE transaction;
- Wescoal Holdings Limited in relation to a specific issue of shares to a special purpose vehicle (BEE SPV), whose shareholders comprise a consortium of existing Wescoal shareholders;
- Several banks and borrowers in the hospitality and gaming industry in restructuring of facilities during Covid period;
- Several international development finance institutions in their investments in preference share funding in the SA market;
- South African Breweries in the restructure and funding of its BEE transaction;
- Standard Bank, Rand Merchant Bank and Old Mutual in relation to their financing and restructurings of the Mediclinic BEE transaction;
- South African banks in relation to the Preference Share Funding in both the MTN and Vodacom BEE structures;
- Restructuring of Shanduka/Pembani Group;
- Preference Share Financing of original shareholders in SPAC listing;
- Ship Financing transactions in Namibia;
- Aircraft financing in South Africa, Mauritius, Kenya, Ethiopia and Cote D’Ivoire;
- Financing of Hospital in Kenya;
- Financing of Shopping Malls in South Africa and Zambia;
- Several Preference Share funding transactions for acquisitions and projects, specifically funding and refinancing equity in the renewable energy space;
- Restructuring of syndicated funding with regards to a group of companies doing business in South Africa, Mauritius and Australia;
- A syndicate of lenders in funding for South African parastatal;
- BEE groups on acquisitions and raising of funding; and
- London based advisory group on transactions in Nigeria, South Africa and DRC.
Awards
- Chambers Global ranked Jan in Band 3 for his work in Banking and Finance in South Africa (2017-2026).
- IFLR1000’s Financial and Corporate Guide rated Jan as a Highly Regarded Lawyer for his working in the Banking space for the past eight consecutive years (2018-2025).
- Legal 500 inducted Jan into its prestigious Hall of Fame for his work in Banking and Finance (2025-2026) and prior to that, ranked Jan as a Leading Individual for two consecutive years (2023-2024) and a recommended lawyer in 2017 for the same category.
- Who’s Who Legal recommended Jan for his work in Banking in South Africa (2024).
‘Jan always provides commercial solutions and ensures deadlines are met while providing exceptional service.’ – Chambers Global, 2026
‘It’s a privilege to have Jan Kruger working on your side because his vast legal knowledge and experience, coupled with his firm but congenial manner, are unmatched.’ – Chambers Global, 2026
‘Expert knowledge. They have vast experience in banking. Understand our business very well.’ – IFLR1000, 2025
‘Jan Kruger is highly regarded for his solid track record in acting for financial institutions.’ – Legal 500, 2025
AREA OF EXPERTISE
Qualifications
Education
BCom, LLB, LLM (Constitutional Practice and Human Rights Law), LLM (Tax)
Professional memberships
Attorney and Notary of the High Court of South Africa
INSIGHTS
Overview
Jan brings extensive experience in managing large, complex, and cross-border transactions, leveraging his background working with international financial institutions to offer clients pragmatic, risk-tailored advice. He is a trusted advisor to South Africa’s leading financial institutions, international banks, development institutions, and borrowers.
Having led legal teams at Standard Bank across South Africa, London, and other African offices, Jan has an in-depth understanding of the banking sector’s dynamics and the needs of in-house legal teams. His ability to navigate and resolve difficult negotiations with a practical, non-aggressive approach is a key asset to his clients.
With expertise in structured finance, preference share funding (including BEE transactions), asset and leveraged finance, syndicated lending, and property finance, Jan works on some of the largest and most complex deals across Africa and beyond. His tax law qualifications further enhance his proficiency in tax-driven funding structures. Whether advising on local or cross-border investments, Jan is known for his strategic insight, deep industry relationships, and ability to manage high-stakes transactions efficiently.
Experience
A selection of Jan’s key client experience include advising:
- Advising the lenders in relation to the sustainability-linked financing and syndication of a multi-currency facility to AECI Limited and AECI Mauritius Ltd, a listed company that operates in the mining, explosives and chemicals sectors.
- Advising UBI, ARC and their affiliates in relation to the restructuring and unwinding by Sanlam of their broad-based black economic empowerment transaction.
- Capitec Bank in its acquisition of Mercantile Bank;
- African Bank in its merger with Grindrod Bank;
- Standard Bank and Rand Merchant Bank in respect of their financing to Distell as part of the Heineken/Distell merger;
- Norfund and BII (previously CDC) in their equity and financing investments in a South African BEE investor in the renewable energy sector;
- Absa Bank Limited and African Rainbow Energy and Power (AREP) iro their formation of the African Rainbow Energy Fund and Absa Bank in regard to their contribution of several renewable energy assets into the Fund and their financing to the Fund and AREP to invest in new renewable energy projects;
- African Rainbow Capital on a private equity mezzanine funding into Kenya;
- Pick n Pay in relation to a green loan facility with RMB for ZAR 1.2 billion;
- Capitec Bank in relation to their acquisition of the Liberty building in Cape Town;
- Coca Cola in relation to their restructuring and refinancing of all their syndicated and bilateral facilities throughout all of their offices in Africa;
- Helios Fairfax Partners in relation to their shareholding in Grobank and the sale of the majority of their stake to Access Bank in Nigeria and the conversion of Grobank to Access Bank South Africa;
- Western Cape based listed company KAL iro their term and RECF funding from Absa Bank;
- Old Mutual Emerging Markets in relation to the refinancing and restructuring of their syndicated and bilateral RCF and multicurrency/multijurisdictional facilities;
- South African banks on structures to enhance their Tier I and II capital positions;
- African Rainbow Capital in respect of the restructuring of its financial assets and the funding related thereto and Sanlam’s acquisition of 25% in these assets;
- African Rainbow Capital in respect of its investment in Kropz Plc and its UK listing;
- Old Mutual Hybrid Equity Fund and Old Mutual Specialised Finance on several preference share and BEE funding transactions;
- Helios Fairfax Partners on several restructuring and funding transactions in respect of their assets throughout Africa;
- The Standard Bank of South Africa Limited on the restructuring of its BEE transaction;
- Wescoal Holdings Limited in relation to a specific issue of shares to a special purpose vehicle (BEE SPV), whose shareholders comprise a consortium of existing Wescoal shareholders;
- Several banks and borrowers in the hospitality and gaming industry in restructuring of facilities during Covid period;
- Several international development finance institutions in their investments in preference share funding in the SA market;
- South African Breweries in the restructure and funding of its BEE transaction;
- Standard Bank, Rand Merchant Bank and Old Mutual in relation to their financing and restructurings of the Mediclinic BEE transaction;
- South African banks in relation to the Preference Share Funding in both the MTN and Vodacom BEE structures;
- Restructuring of Shanduka/Pembani Group;
- Preference Share Financing of original shareholders in SPAC listing;
- Ship Financing transactions in Namibia;
- Aircraft financing in South Africa, Mauritius, Kenya, Ethiopia and Cote D’Ivoire;
- Financing of Hospital in Kenya;
- Financing of Shopping Malls in South Africa and Zambia;
- Several Preference Share funding transactions for acquisitions and projects, specifically funding and refinancing equity in the renewable energy space;
- Restructuring of syndicated funding with regards to a group of companies doing business in South Africa, Mauritius and Australia;
- A syndicate of lenders in funding for South African parastatal;
- BEE groups on acquisitions and raising of funding; and
- London based advisory group on transactions in Nigeria, South Africa and DRC.
Awards
- Chambers Global ranked Jan in Band 3 for his work in Banking and Finance in South Africa (2017-2026).
- IFLR1000’s Financial and Corporate Guide rated Jan as a Highly Regarded Lawyer for his working in the Banking space for the past eight consecutive years (2018-2025).
- Legal 500 inducted Jan into its prestigious Hall of Fame for his work in Banking and Finance (2025-2026) and prior to that, ranked Jan as a Leading Individual for two consecutive years (2023-2024) and a recommended lawyer in 2017 for the same category.
- Who’s Who Legal recommended Jan for his work in Banking in South Africa (2024).
‘Jan always provides commercial solutions and ensures deadlines are met while providing exceptional service.’ – Chambers Global, 2026
‘It’s a privilege to have Jan Kruger working on your side because his vast legal knowledge and experience, coupled with his firm but congenial manner, are unmatched.’ – Chambers Global, 2026
‘Expert knowledge. They have vast experience in banking. Understand our business very well.’ – IFLR1000, 2025
‘Jan Kruger is highly regarded for his solid track record in acting for financial institutions.’ – Legal 500, 2025
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