Exchange Listed Companies
The JSE listed companies were exceptionally quiet this week, with just one new deal announced.
- Mr Price Group Ltd (JO:MRPJ) has entered into an agreement to acquire a 70% stake in Blue Falcon Trading 188 which owns the Studio 88 group of businesses from exiting RMB Ventures Six and management, in a deal valued at R3,3 billion. Studio 88 is highly cash generative and operates on a cash-only basis offering clothing, footwear and accessories trading through Studio 88, SideStep, Skipper Bar John Craig among others. The management team, who remain shareholders, will continue in their current roles. Management's retained shareholding will be acquired over a four-year period post implementation of the transaction, based on the same historical multiple as the initial acquisition.
Follow @DealMakers
...back to DealMakers