Investec acted as the financial advisor and transaction sponsor to Mr Price, a JSE listed fashion-value retailer, on the acquisition of 70% of Blue Falcon Trading 188 (Proprietary) Limited, which owns the Studio 88 group of businesses (Studio 88 Group), from RMB Ventures and current management in a deal valued at R4.7 billion (about $325.2 million) on an enterprise value basis.
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Investec advises Mr Price on acquisition of…
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Investec acted as the financial advisor and transaction sponsor to Mr Price, a JSE listed fashion-value retailer, on the acquisition of 70% of Blue Falcon Trading 188 (Proprietary) Limited, which owns the Studio 88 group of businesses (Studio 88 Group), from RMB Ventures and current management in a deal valued at R4.7 billion (about $325.2 million) on an enterprise value basis.