JSE-listed retail giant Mr Price signed a R3.3bn deal to acquire a controlling stake in the Studio 88 Group, which operates fashion retail brands including Studio 88, SideStep, Skipper Bar and John Craig.
As part of the transaction, Deloitte was appointed to perform due diligence, IFRS accounting, pre-acquisition valuation and Sale and Purchase Support (SPA) services.
Deloitte acted as transaction services provider to Mr Price, which included support on the SPA from a financial and taxation perspective.
Our financial due diligence included the application of our M&A Analytics capability by enabling us to leverage granular store level data by region and brand, which we transformed into a digestible visual dashboard, allowing us to draw key insights relevant to the deal.
Contact Deloitte to assist with a wide range of M&A Transaction Services and Valuation support.
*the deal is still subject to regulatory approvals