TARGET with Mayer Brown in the acquisition of NKD by Mr Price

Track record

South African listed retailer Mr. Price Group Limited acquired NKD Group GmbH, a European value fashion retailer, from TDR Capital LLP. The transaction has an enterprise value of approximately €500 million and was signed on December 9, 2025. The closing is subject to regulatory approvals.

For Mr. Price, the cross-border transaction represents a landmark step: it is the company's first acquisition outside Africa and marks its entry into the attractive European market. The combined group will have more than 5,000 stores worldwide, annual sales of over €2.5 billion, and more than 40,000 employees.

A Mayer Brown team, led by partner Dr. Octavio de Sousa, advised Mr. Price Group Limited on the acquisition. TARGET, led by partner Gaia Guizzetti, advised on Italian-law matters, with a team comprising partners Francesco Fulgoni and Domenico Segreti, managing associate Taila Centrella and associates Luigi Toniolo and Federica Pia Fornaro.

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