Steve Alt Director - Corporate Finance

Experience

Steve joined Forvis Mazars Corporate Finance (Pty) Ltd in April 2019 from EY, where he was the partner responsible for Transaction Advisory Services along the coastal regions of South Africa and Namibia for over 20 years. He joined EY in Cape Town in 1997 to create a transaction advisory capability. This was built to a staff complement of some 20 dedicated transaction professionals. He has extensive experience in transactional advisory engagements which included financial and
commercial due diligences (both buy and sell side), business valuations, IFRS valuations, project appraisal, feasibilities, business planning, business modelling, working capital reporting, mergers and acquisitions.

Major industries that Steve has performed work in include the following:

  • Insurance life and short term
  • Asset management
  • Banking and micro lending
  • Renewable energy
  • Retail and consumer products
  • Agricultural, manufacturing and industrial
  • Oil and Gas Upstream and downstream

Major financial services projects that Steve has worked on include:
Recent Old Mutual engagements: Project Oxford (due diligence and PPA); Project Jupiter due diligence; Project Vienna due diligence; Project Malawi (due diligence and valuation of loan book); Project Florence due diligence; Project Geneva due diligence; Project Poseidon due diligence on loan books; Project Boulder and Pebble fairness opinions
Loan books: Homechoice valuations of 2 books; Project Mobi due diligence and valuation; BNP Paribas (France) potentially acquiring JD Group book; BNP Paribas (France) acquiring RCS Cards; BNP Paribas (France) acquiring ABSA’s Edcon book;

Valuations of:

  • Insurance Alexander Forbes; Hollard; Old Mutual subsidiaries; Old Mutual Africa subsidiaries; Sanlam subsidiaries; Santam subsidiaries; Zurich Financial Services; Mpico Mall (Malawi) for Old Mutual (Africa) Holdings; UAP East Africa for Old Mutual; Project New
  • Asset management Allan Gay; Brimstone; Cadiz; Coronation; Investec; Old Mutual Investment Group; Orbis Investment Management (Bermuda); RCS Group; Africa Infrastructure Investment Managers fund assets; Old Mutual Private Equity carry;

Due diligences into:

  • Insurance Project Leader into an Insurer in Tanzania; Aon SA; Marsh (UK); Hollard; Metropolitan; Mutual & Federal; Old Mutual (some 30 transactions); Sanlam; Sanlam’s acquisition of Saham in Morocco, Swiss Re; Colina (Ivory Coast); Ubuntu Bothu; Old Mutual Insure acquiring Projects Oxford, Vienna and Jupiter; Efficient Group acquiring Project Lion
  • Asset management Cadiz; Coronation; Ethos; Old Mutual Investment Group; Sphere Holdings
  • Banking FDH Financial Holdings (Malawi); Grindrod Bank vendor due diligence; Due diligence for Old Mutual potentially acquiring Mansaard In Nigeria; RCS Cards acquiring ABSA and Edcon loan books
  • Strategic Reviews of Old Mutual’s Latin American Operations in Colombia, Mexico and Uruguay and its West African Operations In Nigeria and Ghana Infrastructure toll roads, telecommunications, water concessions, gas distribution Accredited by the JSE for fairness opinions.

Professional memberships

  • SAICA (South African Institute of Chartered Accountants)

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