September 16, 2015

Translink advises Caxal Enterprises with its acquisition of Metal Concentrators

Translink Corporate Finance announces the acquisition of Metal Concentrators (Pty) Ltd, the second largest South African refiner of precious metals, by Caxal Enterprises (Pty) Ltd, the investment holding vehicle for the Crosse family. Translink acted as the exclusive financial adviser for Caxal Enterprises.

Metal Concentrators is South Africa’s second largest precious metal refinery and the leading supplier of gold and other precious metals to the South African manufacturing jewelry industry. It is the first and only South African company to obtain approval from the South African Diamond and Jewelry Regulator, as well as the South African Reserve Bank to produce and sell minted bars directly to the public. The company was accepted by the international Responsible Jewelry Council (RJC) as a member late in 2013 and achieved a double certification of RJC and Chain of Custody in 2014, a first for a refinery in SA which enabled international gold sales.

Metal Concentrators was founded in 1989 by Bernard and Hilary Stern and has two refining plants, in Johannesburg and Cape Town.

Contact our Team Members advising in this transaction:

About Translink South Africa

Translink Corporate Finance in South Africa is based in what some have dubbed “The most beautiful city in the world”, Cape Town. Our partners have concluded deals in a multitude of African countries and cover the entire sub-Saharan Africa.

While transactions in Africa can be challenging, our deep knowledge of cultural nuances and local business dynamics ensures our clients achieve a common understanding with targets and buyers. We help our clients navigate the intricate corporate social responsibility aspects that underpin many transactions in Africa, such as Black Economic Empowerment. South Africa is Africa’s economic powerhouse and for many of our multinational clients serve as a platform for further expansion into a continent that has a massive untapped youth market and growing middle class. Our primary expertise is in the mining, industrial, ITC, logistics, chemical, pharmaceutical and agricultural sectors.