Xolani Nyali
Partner | Cape Town
Contact
T: +27 21 480 7904
Overview
Xolani specialises in domestic and cross-border competition law, covering mergers, behavioural practices, training, and compliance. He provides constructive, practical, and long-term strategic advice to clients operating across the continent. He has led a number of significant merger transactions and behavioural matters in Africa and is known for his precise and decisive execution and pragmatic approach to overcoming the obstacles that arise in these jurisdictions.
Xolani has advised clients in respect of merger control and behavioural matters across several African jurisdictions including Angola, Botswana, CEMAC, COMESA, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, WAEMU, and Zambia. He has also provided comments on the merger guidelines in COMESA and Kenya, the rules of procedure in Kenya and Nigeria, and draft legislation in Namibia and South Africa.
Experience
Xolani has experience across a broad range of business sectors and industries, including property, construction, cosmetics, pharmaceuticals, financial services, private equity, technology (including fintech), mobility (air, road, and sea) and the automotive industry. Xolani also has a keen interest in the competition law aspects of disruptive technologies and, joint ventures.
Xolani has advised :
- Xolani has advised:Old Mutual Insure Limited in its acquisition of 100% of the shares in Genric Insurance Company Limited from various sellers.
- Old Mutual Funeral Services, a subsidiary of Old Mutual Life Assurance Company (South Africa) on the acquisition of Two Mountains Funeral Services.
- A listed financial services group in its proposed acquisition of the asset management business of a listed financial services group.
- A listed financial services group in the proposed merger of its wealth and investment management business with the wealth and investment business of another listed financial services group.
- A listed financial services group in its proposed acquisition of a majority interest in the short-term insurance business of a listed company.
- On the sell-side of a pan-African insurance company exiting certain markets in East and West Africa.
- Vitol Group in respect of the African competition law aspects of the acquisition of control of UK listed entity, Vivo Energy plc. Bowmans is coordinating the competition notifications in Botswana, Cape Verde, COMESA, CEMAC, Mozambique, Namibia, Tanzania, and WAEMU.
- Saudi Arabian Oil Company (Aramco), as local counsel, in relation to its acquisition of the Valvoline Inc. global products business. The USD 2.65 billion transaction marked Valvoline Inc.’s global exit from the engine and automotive preventive maintenance products. The matter was notified to a number of competition authorities in Africa.
- AP Moller Capital in relation to the merger notifications required in Botswana, Namibia, South Africa, and Zambia in respect of its acquisition of Vector Logistics.
- Tanga Cement Public Limited Company, as target entity, in relation to Scancem International DA’s acquisition of control of Tanga. The transaction was notified to and initially approved by the Tanzanian Fair Competition Commission. The matter was a complex one, attracted contestation before the Fair Competition Tribunal and High Court of Tanzania, and Xolani also advised Tanga in relation to ancillary hearing processes before the Fair Competition Tribunal.
- Yokohama Rubber Company Limited as local counsel in relation to the Nigerian merger control aspects of its acquisition of control Trelleborg’s Wheel System business.
- Abu Dhabi National Energy Company PJSC (TAQA), as local counsel, for the purposes of the submission of a merger notification to the COMESA Competition Commission in relation to its acquisition of joint control Abu Dhabi Future Energy Company PJSC – Abu Dhabi’s flagship clean energy company. The deal was valued at approximately USD 20 billion and allowed for the energy giants of Abu Dhabi to consolidate their renewable energy and green hydrogen efforts into a single global clean energy entity.
- In obtaining competition clearance for the acquisition by (i) funds managed by Vista Equity Partners Management, LLC; and (ii) funds and investment vehicles managed by Elliott Investment Management, L.P. of indirect joint control of the combined businesses of Citrix Systems, Inc. and TIBCO Software, Inc. The transaction was valued at USD 16.5 billion and created one of the world’s largest software providers.
- Saudi Agricultural and Livestock Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia in respect of its acquisition 35.43% in Olam Agri Holdings Pte. Ltd.
- AP Moller – Maersk A/S in respect of its acquisition of Senator International (an internationally operating freight forwarder). Bowmans secured unconditional competition clearance in South Africa notwithstanding the Competition Commission’s assessment that the transaction exhibited high market-shares in certain container liner shipping routes. The merger parties argued for unconditional clearance on novel public interest grounds, in particular, the promotion of a greater spread of ownership by historically disadvantaged persons/workers. Xolani successfully argued that a proper construction of the public interest provisions did not require a public interest intervention in all cases and without deciding the point, the Competition Tribunal cleared the transaction without commitments.
- SK Capital Partners, L.P. in respect of the acquisition of the pigments business of Clariant AG by a consortium comprising SK Capital Partners’ affiliate and the Halbach Group.
- Cargotec (supplier of material flow solutions) in respect of its acquisition of Konecranes Plc.
- Refinitiv (global provider of financial markets data) in respect of the South African competition law aspects of The London Stock Exchange’s acquisition of Refinitiv.
- I Squared Capital Advisors in respect of the joint acquisition of Aggreko by funds managed by I Squared Capital and TDR Capital. Aggreko is a UK based, public company that supplies power generation and temperature control equipment. Xolani oversaw the merger clearance processes in Africa, including two nascent jurisdictions, which involved developing and testing the merger control processes required in these jurisdictions.
- Hapag-Lloyd in respect of its acquisition of shares in NileDutch (a container shipping company providing services from and to West Africa).
- An affiliate of funds advised and/or managed by affiliates of Blackstone, Inc. in respect of its acquisition of a majority stake in VFS Global (international provider of visa outsourcing services).
- Traton SE for the preparation of the South African merger notification in relation to Traton’s acquisition of Navistar Int. Corp.
- BC European Capital X and BC Partners Fund XI in respect of the preparation of the COMESA merger notification in relation to the proposed acquisition of Società Finanziaria Macchine Automatiche S.p.A.
- Bain Capital L.L.C. and Ahlstrom-Munksjö Oyj in respect of the acquisition of indirect sole control of Ahlstrom-Munksjö (global manufacturer and supplier of fibre-based materials) by funds managed by Bain Capital.
- Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd in respect of the preparation of the required African merger notifications in relation to the strategic merger between Sinochem and ChemChina.
- Volkswagen in respect of the required competition approvals for the acquisition of joint control (together with Trinity Investments) of Europcar Mobility Group S.A.
- Natura Cosmeticos S.A. on the Namibian and South African merger control process for its acquisition of Avon Products, Inc.
- Fedrigoni S.p.A. and the companies comprising the Ritrama Group in relation to Fedrigoni’s acquisition of control of the Ritrama Group.
- Rhône Capital L.L.C. in respect of the preparation of the required merger notification of Rhone’s acquisition of indirect control of Fluidra S.A. This transaction involved a protracted competition review by the South African competition authority, requiring novel and pragmatic solutions to secure the approval of the transaction. The transaction was ultimately approved on public interest grounds.
- Saudi Aramco in respect of the preparation of the required merger notification of its acquisition of Saudi Basic Industries Corporation.
- KPS Capital Partners, L.L.C. in respect of the preparation of the required merger notification of KPS Capital’s acquisition of certain subsidiaries and assets of Garrett Motion Inc.
- An affiliate of SK Capital Partners, L.P. in respect of the acquisition of global chemical company, Venator Materials PLC.
- AbbVie Inc. for the preparation of the South African merger notification in relation to AbbVie’s acquisition of Allergan.
- Barrick Gold Corporation in respect of the preparation of the required merger notification of the merger with Rand Gold Resources.
- Siemens AG in relation to the EUR 15 billion deal designed to form a new European rail transport champion, in terms of which Siemens acquired a 50% stake in the French rail transport company Alstom SA.
- Platform Speciality Products Corp. in respect of the African competition law aspects of its acquisition of Arysta LifeScience Ltd. Approvals were secured from the COMESA, Namibia, South Africa, and Tanzania competition authorities.
- China National Agrochemical Corporation in respect of the African merger notifications required for the acquisition of Syngenta AG (fifth largest global M&A transaction of 2016, valued at USD 43 billion). In Africa, the transaction was notified in South Africa, Kenya and COMESA.
- Old Mutual in respect of the Kenyan and COMESA merger notifications for Old Mutual’s acquisition of Two Rivers Mall, the largest shopping mall in East Africa.
- ZF Friedrichshafen AG, as local counsel, in relation to ZFs acquisition of WABCO Holdings Inc.
- As Kenyan counsel in the sale and purchase of perishables and non-perishables business of Air Connection Limited by Panalpina Airflo Limited, Panalpina Airflo BV and Panalpina Kenya Limited.
Awards
- Chambers and Partners ranked Xolani as “Up and Coming” in Competition/Antitrust in 2024
- Who’s Who Legal recognised Xolani for his work in Competition(2022).
- Lexology awarded Xolani the Client Choice Award in 2022.
- African Legal Awards shortlisted Xolani for Private Practice Rising Star – Mid-Large Practice, 2022.
- Global Competition Review recognised Xolani for his work as a Senior Associate in Competition (2018).
‘Xolani Nyali has taken the time to get to know our business and its strategy and culture, and he has become our primary contact for competition law matters.” -Chambers and Partners, 2024
‘The competition lawyers at Bowmans (and especially Xolani Nyali) are very competent and extremely responsive. They provide pragmatic and timely advice.’– Legal 500, 2024
AREA OF EXPERTISE
Qualifications
Xolani is a member of the Association of Competition Law Practitioners. Xolani has BCom and LLB degrees from Rhodes University and an LLM from the University of the Western Cape. Xolani is currently based in Cape Town and has been seconded to Bowmans’ Kenya office twice and has considerable competition law experience in Kenya and COMESA. Xolani has also been seconded to the Brussels office of an international law firm.
INSIGHTS
Overview
Xolani specialises in domestic and cross-border competition law, covering mergers, behavioural practices, training, and compliance. He provides constructive, practical, and long-term strategic advice to clients operating across the continent. He has led a number of significant merger transactions and behavioural matters in Africa and is known for his precise and decisive execution and pragmatic approach to overcoming the obstacles that arise in these jurisdictions.
Xolani has advised clients in respect of merger control and behavioural matters across several African jurisdictions including Angola, Botswana, CEMAC, COMESA, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, WAEMU, and Zambia. He has also provided comments on the merger guidelines in COMESA and Kenya, the rules of procedure in Kenya and Nigeria, and draft legislation in Namibia and South Africa.
Experience
Xolani has experience across a broad range of business sectors and industries, including property, construction, cosmetics, pharmaceuticals, financial services, private equity, technology (including fintech), mobility (air, road, and sea) and the automotive industry. Xolani also has a keen interest in the competition law aspects of disruptive technologies and, joint ventures.
Xolani has advised :
- Xolani has advised:Old Mutual Insure Limited in its acquisition of 100% of the shares in Genric Insurance Company Limited from various sellers.
- Old Mutual Funeral Services, a subsidiary of Old Mutual Life Assurance Company (South Africa) on the acquisition of Two Mountains Funeral Services.
- A listed financial services group in its proposed acquisition of the asset management business of a listed financial services group.
- A listed financial services group in the proposed merger of its wealth and investment management business with the wealth and investment business of another listed financial services group.
- A listed financial services group in its proposed acquisition of a majority interest in the short-term insurance business of a listed company.
- On the sell-side of a pan-African insurance company exiting certain markets in East and West Africa.
- Vitol Group in respect of the African competition law aspects of the acquisition of control of UK listed entity, Vivo Energy plc. Bowmans is coordinating the competition notifications in Botswana, Cape Verde, COMESA, CEMAC, Mozambique, Namibia, Tanzania, and WAEMU.
- Saudi Arabian Oil Company (Aramco), as local counsel, in relation to its acquisition of the Valvoline Inc. global products business. The USD 2.65 billion transaction marked Valvoline Inc.’s global exit from the engine and automotive preventive maintenance products. The matter was notified to a number of competition authorities in Africa.
- AP Moller Capital in relation to the merger notifications required in Botswana, Namibia, South Africa, and Zambia in respect of its acquisition of Vector Logistics.
- Tanga Cement Public Limited Company, as target entity, in relation to Scancem International DA’s acquisition of control of Tanga. The transaction was notified to and initially approved by the Tanzanian Fair Competition Commission. The matter was a complex one, attracted contestation before the Fair Competition Tribunal and High Court of Tanzania, and Xolani also advised Tanga in relation to ancillary hearing processes before the Fair Competition Tribunal.
- Yokohama Rubber Company Limited as local counsel in relation to the Nigerian merger control aspects of its acquisition of control Trelleborg’s Wheel System business.
- Abu Dhabi National Energy Company PJSC (TAQA), as local counsel, for the purposes of the submission of a merger notification to the COMESA Competition Commission in relation to its acquisition of joint control Abu Dhabi Future Energy Company PJSC – Abu Dhabi’s flagship clean energy company. The deal was valued at approximately USD 20 billion and allowed for the energy giants of Abu Dhabi to consolidate their renewable energy and green hydrogen efforts into a single global clean energy entity.
- In obtaining competition clearance for the acquisition by (i) funds managed by Vista Equity Partners Management, LLC; and (ii) funds and investment vehicles managed by Elliott Investment Management, L.P. of indirect joint control of the combined businesses of Citrix Systems, Inc. and TIBCO Software, Inc. The transaction was valued at USD 16.5 billion and created one of the world’s largest software providers.
- Saudi Agricultural and Livestock Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia in respect of its acquisition 35.43% in Olam Agri Holdings Pte. Ltd.
- AP Moller – Maersk A/S in respect of its acquisition of Senator International (an internationally operating freight forwarder). Bowmans secured unconditional competition clearance in South Africa notwithstanding the Competition Commission’s assessment that the transaction exhibited high market-shares in certain container liner shipping routes. The merger parties argued for unconditional clearance on novel public interest grounds, in particular, the promotion of a greater spread of ownership by historically disadvantaged persons/workers. Xolani successfully argued that a proper construction of the public interest provisions did not require a public interest intervention in all cases and without deciding the point, the Competition Tribunal cleared the transaction without commitments.
- SK Capital Partners, L.P. in respect of the acquisition of the pigments business of Clariant AG by a consortium comprising SK Capital Partners’ affiliate and the Halbach Group.
- Cargotec (supplier of material flow solutions) in respect of its acquisition of Konecranes Plc.
- Refinitiv (global provider of financial markets data) in respect of the South African competition law aspects of The London Stock Exchange’s acquisition of Refinitiv.
- I Squared Capital Advisors in respect of the joint acquisition of Aggreko by funds managed by I Squared Capital and TDR Capital. Aggreko is a UK based, public company that supplies power generation and temperature control equipment. Xolani oversaw the merger clearance processes in Africa, including two nascent jurisdictions, which involved developing and testing the merger control processes required in these jurisdictions.
- Hapag-Lloyd in respect of its acquisition of shares in NileDutch (a container shipping company providing services from and to West Africa).
- An affiliate of funds advised and/or managed by affiliates of Blackstone, Inc. in respect of its acquisition of a majority stake in VFS Global (international provider of visa outsourcing services).
- Traton SE for the preparation of the South African merger notification in relation to Traton’s acquisition of Navistar Int. Corp.
- BC European Capital X and BC Partners Fund XI in respect of the preparation of the COMESA merger notification in relation to the proposed acquisition of Società Finanziaria Macchine Automatiche S.p.A.
- Bain Capital L.L.C. and Ahlstrom-Munksjö Oyj in respect of the acquisition of indirect sole control of Ahlstrom-Munksjö (global manufacturer and supplier of fibre-based materials) by funds managed by Bain Capital.
- Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd in respect of the preparation of the required African merger notifications in relation to the strategic merger between Sinochem and ChemChina.
- Volkswagen in respect of the required competition approvals for the acquisition of joint control (together with Trinity Investments) of Europcar Mobility Group S.A.
- Natura Cosmeticos S.A. on the Namibian and South African merger control process for its acquisition of Avon Products, Inc.
- Fedrigoni S.p.A. and the companies comprising the Ritrama Group in relation to Fedrigoni’s acquisition of control of the Ritrama Group.
- Rhône Capital L.L.C. in respect of the preparation of the required merger notification of Rhone’s acquisition of indirect control of Fluidra S.A. This transaction involved a protracted competition review by the South African competition authority, requiring novel and pragmatic solutions to secure the approval of the transaction. The transaction was ultimately approved on public interest grounds.
- Saudi Aramco in respect of the preparation of the required merger notification of its acquisition of Saudi Basic Industries Corporation.
- KPS Capital Partners, L.L.C. in respect of the preparation of the required merger notification of KPS Capital’s acquisition of certain subsidiaries and assets of Garrett Motion Inc.
- An affiliate of SK Capital Partners, L.P. in respect of the acquisition of global chemical company, Venator Materials PLC.
- AbbVie Inc. for the preparation of the South African merger notification in relation to AbbVie’s acquisition of Allergan.
- Barrick Gold Corporation in respect of the preparation of the required merger notification of the merger with Rand Gold Resources.
- Siemens AG in relation to the EUR 15 billion deal designed to form a new European rail transport champion, in terms of which Siemens acquired a 50% stake in the French rail transport company Alstom SA.
- Platform Speciality Products Corp. in respect of the African competition law aspects of its acquisition of Arysta LifeScience Ltd. Approvals were secured from the COMESA, Namibia, South Africa, and Tanzania competition authorities.
- China National Agrochemical Corporation in respect of the African merger notifications required for the acquisition of Syngenta AG (fifth largest global M&A transaction of 2016, valued at USD 43 billion). In Africa, the transaction was notified in South Africa, Kenya and COMESA.
- Old Mutual in respect of the Kenyan and COMESA merger notifications for Old Mutual’s acquisition of Two Rivers Mall, the largest shopping mall in East Africa.
- ZF Friedrichshafen AG, as local counsel, in relation to ZFs acquisition of WABCO Holdings Inc.
- As Kenyan counsel in the sale and purchase of perishables and non-perishables business of Air Connection Limited by Panalpina Airflo Limited, Panalpina Airflo BV and Panalpina Kenya Limited.
Awards
- Chambers and Partners ranked Xolani as “Up and Coming” in Competition/Antitrust in 2024
- Who’s Who Legal recognised Xolani for his work in Competition(2022).
- Lexology awarded Xolani the Client Choice Award in 2022.
- African Legal Awards shortlisted Xolani for Private Practice Rising Star – Mid-Large Practice, 2022.
- Global Competition Review recognised Xolani for his work as a Senior Associate in Competition (2018).
‘Xolani Nyali has taken the time to get to know our business and its strategy and culture, and he has become our primary contact for competition law matters.” -Chambers and Partners, 2024
‘The competition lawyers at Bowmans (and especially Xolani Nyali) are very competent and extremely responsive. They provide pragmatic and timely advice.’– Legal 500, 2024
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