Investec acted as exclusive M&A advisor to listed South African Mr Price Group Limited, sales ~ EUR 2bn, on the EUR 500m EV acquisition of NKD Group GmbH, sales ~ EUR 700m, one of the leading European value apparel retailers, from an entity owned by funds managed by TDR Capital LLP. 

About the deal

The combined group’s global footprint will comprise of over 5,000 stores, more than € 2.5bn annual sales and over 40,000 employees.

The landmark cross-border transaction is a transformative step for Mr Price, being its first ever overseas acquisition and entry into the attractive European market. NKD’s strong performance, its ideal position for a broader penetration of pan-European markets and its strong sourcing capabilities form the key strategic rationales for the transaction.

The completion of the transaction is subject to regulatory approvals.

About NKD Group
NKD is a Germany-based leader in European value apparel retail with over 2,000 stores across 7 European countries with annual sales of close to € 700m in 2024.

About Mr Price Group
Mr Price Group is a JSE-listed, omnichannel apparel and homeware retailer and a market leader in fashion value retail across Southern Africa with annual sales of ~€ 2bn. The Group operates more than 3,000 stores across nine trading divisions and has a market capitalisation of approximately ~ € 2.8bn (as of 24 November 2025).

What we did

Investec acted as exclusive M&A advisor, lending partner, treasury solutions provider and JSE Sponsor to Mr Price.

By combining the deep M&A expertise of our South African and German teams, we were able to offer integrated, on-the-ground advisory across both jurisdictions.

Our strong retail sector insight and relationships in Europe played a critical role in delivering a successful transaction, requiring a local presence in both markets involved in this cross-border transaction.