IFLR1000

Brait Mauritius ZAR16.5 billion loan faciltiy

1/5/2015
Acquisition finance, Financing
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ZAR 16.5 billion

$ 1.2 billion

Completed

1/5/2015

Overview:

  • FirstRand Bank Limited, RMB, and The Standard Bank of South Africa Limited granted a ZAR16.5 billion loan to Brait Mauritius so that it could acquire a majority stake in Virgin Active, a chain of health clubs, and New Look, a women's clothing retailer. 

Rani Mehta - Journalist

 

 

Jurisdiction:

South Africa

Deal types:

Acquisition finance
Financing

Practice area:

Banking

Industry sector:

Investment management

Firms:
A&O Shearman

Party: FirstRand (Lender)

Party: Standard Bank of South Africa (Lender)

Cliffe Dekker Hofmeyr

Party: Brait (Borrower)

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