Benchmark International, an M&A boutique headquartered in Manchester, is opening its first office on the continent in Cape Town. The mid-market advisory firm, which according to its website works with firms valued up to $500 million, sees South Africa’s appeal as an investment destination as offering significant potential to grow their business further.
The firm’s South African office will be led by Managing Directors Andre Bresler and Dustin Graham, both new hires who have significant South African and broader international M&A experience from former roles.
“The country is a strategically important market for any M&A team, as it’s the conduit through which almost half of the continent’s M&A activity flows,” said Bresler in the statement announcing the new office. “South Africa also counts among the ten countries with the highest M&A growth predicted over the next two years.”
Founded in 2006, Benchmark International has built a significant track record, advising clients in transactions in over 500 companies operating in over 30 industry sectors around the world. The total value of deals they have advised on is in excess of $5 billion in value. With highly-developed infrastructure in comparison to the rest of the continent and its status as one of the more vibrant economies in the emerging markets sector, South Africa is seen as a key plank in the firm’s global expansion strategy.
“South Africa’s financial and legal systems, with their similarities to their UK and North American counterparts, together with a familiar business culture and a very longstanding history of trade between these regions means that our expansion into South Africa is set to benefit our seller and buyer clients alike,” commented James Thornton, Benchmark International’s Chief Operating Officer.