Jun 30, 2015
Standard Bank advised Brait in relation to its acquisition of an ~80% interest in the Virgin Active Group and acted as Corporate Finance Advisor to Brait on this ZAR12.2 billion investment. Our long-standing relationship with Brait, coupled with our understanding of their business strategy, allowed us to move quickly to assist our client to close this transaction; once again demonstrating our Corporate Finance capabilities and expertise in the consumer sector.
We successfully leveraged its cross-border relationships, Corporate Finance, Structuring and Private Equity Coverage teams in the United Kingdom and South Africa, which enabled Brait to sign and announce the transaction in less than six weeks.
This transaction speaks to the strong relationships we have with our clients, both at home and internationally. We have no doubt that Brait’s acquisition of Virgin Active will be a ground-breaking transaction for them, and we look forward to partnering with them in the years ahead.
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