Munich\/ Frank\u00adfurt a. M.\/ Durban (South Africa) \u2014 The Munich and Frank\u00adfurt offices of the inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP have advi\u00adsed TDR Capi\u00adtal LLP (TDR Capi\u00adtal) on the sale of the NKD Group (NKD) to the listed South Afri\u00adcan company Mr Price Group Limi\u00adted (Mr Price). The purchase agree\u00adment for 100% of the shares in the NKD Group is subject to custo\u00admary regu\u00adla\u00adtory appr\u00adovals. The NKD Group was valued at an enter\u00adprise value of EUR 500 million as part of the transaction.<\/p>\n
TDR Capi\u00adtal, a leading Euro\u00adpean private equity firm based in London, acqui\u00adred the NKD Group in 2019 and has since inves\u00adted heavily in the textile retail\u00ader\u2019s digi\u00adtal infra\u00adstruc\u00adture and the use of data science. During this time, the company has sustain\u00adably expan\u00added and conso\u00adli\u00adda\u00adted its posi\u00adtion as a leading Euro\u00adpean value textile discoun\u00adter. The expan\u00adsion and opti\u00admiza\u00adtion of the store port\u00adfo\u00adlio has crea\u00adted the basis for sustainable, long-term growth. <\/p>\n
Mr Price<\/strong>, one of South Afri\u00adca\u2019s largest listed retail groups based in Durban,<\/strong> is now acqui\u00adring NKD<\/strong> from TDR Capi\u00adtal. The group opera\u00adtes an omni-chan\u00adnel busi\u00adness in South Africa and other Afri\u00adcan count\u00adries with its 15 retail chains, inclu\u00adding online sales and 3,100 stores with a compre\u00adhen\u00adsive range of clot\u00adhing and house\u00adhold goods. Mr Price will take over a strong network of over 2100 NKD stores with over 10,000 employees in seven Euro\u00adpean count\u00adries, parti\u00adcu\u00adlarly in Germany, Austria and Italy. With a clear growth posi\u00adtio\u00adning in the Euro\u00adpean market, NKD offers a comple\u00admen\u00adtary plat\u00adform within the market-leading retail group. <\/p>\n Advi\u00adsor TDR Capi\u00adtal: WEIL<\/strong><\/p>\n The Weil tran\u00adsac\u00adtion team was led by Munich part\u00adner Manuel-Peter Fringer, <\/strong>photo \u00a9 WEIL (Private Equity) and compri\u00adsed coun\u00adsel Florian Wessel (Private Equity, Munich), asso\u00adcia\u00adtes Lucas Otto\u00adwitz, Sven Jeli\u00adnek, Laurin Schmidt and Madleen D\u00fcdder (all Private Equity, Munich), Alex\u00adan\u00adder Roth\u00adstein, Dennis Simon and Ozan Yildi\u00adrim (all Private Equity, Frank\u00adfurt), Part\u00adner Tobias Geer\u00adling and Coun\u00adsel Caro\u00adlin Vetter\u00admann (both Tax, Munich), Coun\u00adsel Konstan\u00adtin Hoppe and Asso\u00adciate Daniel Mati\u00adje\u00advic (both Liti\u00adga\u00adtion, Munich), as well as Coun\u00adsel Thomas Zimmer\u00admann (Finance, Munich) and Asso\u00adcia\u00adtes Hans-Chris\u00adtian Mick and Josef Matoussi (both Finance, Frankfurt).<\/p>\n About Weil Munich\/ Frank\u00adfurt a. M.\/ Durban (South Africa) \u2014 The Munich and Frank\u00adfurt offices of the inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP have advi\u00adsed TDR Capi\u00adtal LLP (TDR Capi\u00adtal) on the sale of the NKD Group (NKD) to the listed South Afri\u00adcan company Mr Price Group Limi\u00adted (Mr Price). The purchase agree\u00adment for 100% [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":58785,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-58787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
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\n Weil, Gotshal & Manges is an inter\u00adna\u00adtio\u00adnal law firm with more than 1,100 lawy\u00aders. Weil has offices in New York, Boston, Brussels, Dallas, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Los Ange\u00adles, Miami, Munich, Paris, San Fran\u00adcisco, Washing\u00adton, D.C. and Sili\u00adcon Valley. In Germany, the firm has two offices and around 50 lawyers\/tax advi\u00adsors in Frank\u00adfurt and Munich. The focus here is on provi\u00adding specia\u00adli\u00adzed advice to natio\u00adnal and inter\u00adna\u00adtio\u00adnal clients on cross-border private equity and M&A tran\u00adsac\u00adtions, high-profile liti\u00adga\u00adtion manda\u00adtes, complex restruc\u00adtu\u00adrings and finan\u00adcings as well as tax structuring.<\/p>\n","protected":false},"excerpt":{"rendered":"