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Majestic agrees sale of Retail and Commercial businesses

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Parker Nigel
Nigel Parker

Partner

London

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Seth Jones

Partner

London

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Balfour Alasdair
Alasdair Balfour

Partner

London

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Randall Elizabeth
Elizabeth Randall

Senior Media Relations Manager

London

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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.

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