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Majestic agrees sale of Retail and Commercial businesses

 

06 August 2019

Allen & Overy is advising Majestic Wine plc (Majestic) on the intended sale of its combined Retail and Commercial businesses to global investment manager Fortress Investment Group (Fortress).   Fortress, which is owned by SoftBank, will pay a total consideration of GBP95 million for the businesses, which will continue to trade under the Majestic name.   The transaction, which is conditional on EC antitrust clearance and Majestic shareholder approval, represents a significant milestone for Majestic, which now intends to focus on driving growth in its Naked Wines business.

Commenting on this deal, partner Seth Jones said: "We are very pleased to have advised Majestic on this transformational transaction which will enable it to focus on driving growth in the Naked business while providing an independent future for the Majestic Retail and Commercial businesses."

The A&O team was led by Corporate M&A partner Seth Jones and senior associate Alex Tilley.  Partners Alasdair Balfour and Nigel Parker advised on antitrust and commercial matters respectively.

For further information, please contact Elizabeth Randall elizabeth.randall@allenovery.com, on +44 (0)20 3088 2989.

 

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Key people

Seth Jones
Seth Jones
Partner
United Kingdom
Telephone icon+44 203 088 2084
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Nigel Parker
Nigel Parker
Partner
United Kingdom
Telephone icon+44 203 088 3136
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Alasdair Balfour
Alasdair Balfour
Partner
United Kingdom
Telephone icon+44 203 088 2865
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