Weil Advises TDR Capital on Sale of NKD Group to Mr Price

Weil’s Munich and Frankfurt offices advised TDR Capital LLP in the sale of NKD Group to Mr Price Group Limited. The transaction concerns the sale and purchase agreement for 100% of the shares in NKD Group. The agreement is subject to customary regulatory approvals and values NKD Group at €500 million. TDR Capital, a leading European private equity firm based in London, acquired NKD Group in 2019 and since then has invested significantly in the retailer’s digital infrastructure and the use of data science. Under TDR Capital’s ownership, NKD sustainably expanded and consolidated its position as Europe’s leading value textile discounter, driven by store portfolio expansion and optimisation to support long-term growth. Mr Price, one of South Africa’s largest listed retail groups headquartered in Durban, operates an omni-channel business across 15 retail chains, including online sales and approximately 3,100 stores in South Africa and other African countries. Through this acquisition Mr Price will take over NKD’s network of over 2,100 stores and more than 10,000 employees across seven European countries, notably Germany, Austria and Italy, adding a complementary platform to its market-leading retail operations. Weil represented TDR Capital LLP with a team composed by: Munich partner Manuel-Peter Fringer (Private Equity); counsel Florian Wessel (Private Equity, Munich); associates Lucas Ottowitz, Sven Jelinek, Laurin Schmidt and Madleen Düdder (all Private Equity, Munich); Alexander Rothstein, Dennis Simon and Ozan Yildirim (all Private Equity, Frankfurt); partner Tobias Geerling and counsel Carolin Vettermann (both Tax, Munich); counsel Konstantin Hoppe and associate Daniel Matijevic (both Litigation, Munich); counsel Thomas Zimmermann (Finance, Munich); and associate Hans-Christian Mick.

Weil Advises TDR Capital on Sale of NKD Group to Mr Price

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads