Mayer Brown and TARGET in acquisition of NKD Group by Mr Price Group

"Mayer Brown advised Mr Price Group Limited and TARGET provided Italian law advice in Mr Price’s acquisition of NKD Group GmbH from TDR Capital LLP. The transaction, with an enterprise value of about €500 million, is subject to regulatory approvals and marks Mr Price’s first acquisition outside Africa and its entry into the European market."

Mayer Brown represented Mr Price Group Limited, and TARGET advised Mr Price Group Limited on the Italian law aspects of the transaction. The South African listed retailer Mr Price Group Limited has agreed to acquire NKD Group GmbH, a European value clothing retailer, from TDR Capital LLP. The transaction carries an enterprise value of approximately €500 million and is conditional upon obtaining the necessary regulatory approvals. The deal is strategically significant for Mr Price Group Limited: it is the group's first acquisition outside the African continent and its entry into the European market. Upon completion, the group will count over 5,000 points of sale worldwide, generate revenues in excess of €2.5 billion and employ more than 40,000 people. Mayer Brown represented Mr Price Group Limited with a team composed by: partner Octávio de Sousa. TARGET represented Mr Price Group Limited for the Italian law aspects with a team composed by: partner Gaia Guizzetti; partners Francesco Fulgoni and Domenico Segreti; managing associate Taila Centrella; associates Luigi Toniolo and Federica Pia Fornaro.

Mayer Brown and TARGET in acquisition of NKD Group by Mr Price Group

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads