Linklaters advises Brait on £1.9bn acquisition of New Look

Second deal that Linklaters has advised Brait on in less than a month

Linklaters has advised Brait, the South African listed private equity group, on its acquisition of New Look, the British-based global fashion retailer, from Apax and Permira in a deal valuing the business at £1.9bn.   

The Linklaters team was led by private equity partner Alex Woodward, alongside private equity partners Stuart Boyd and Stuart Bedford, private equity managing associate Will Aitken-Davies, high-yield partner Alexander Naidenov and leveraged finance partner Annette Kurdian.  Tax partner Tim Lowe led the team advising Brait on the tax structuring of the transaction. 

This is the second time in less than a month that Linklaters has advised Brait.  In April 2015, the firm advised Brait on its acquisition of an 80% stake in Virgin Active, the leading international health club operator, from CVC and Virgin, in a deal that valued the business at £1.3bn.  Linklaters also advised Brait, and its portfolio company Premier Group, on its acquisition of Lil-Lets from Electra in 2013. 

For further information, please contact Rupert Winlaw on +44 20 7456 3219.