Competition

Brait Societas Europaea – Acquisition Of Virgin Active

In a deal valued by Brait SE at GBP 1.3 billion, Brait SE acquired 80% in Virgin Active. Competition approval in South Africa and Namibia were significant conditions precedent. CDH acted for Brait S.E., the South Africa-based investment holding company with shares listed on the Luxembourg Stock Exchange and also on the JSE. Brait’s portfolio is principally comprised of holdings in privately-owned businesses operating in a range of industries.

National Practice Head of CDH's Competition team, Chris Charter together with Senior Associate, Naasha Loopoo secured approvals in both South Africa and Namibia. As with many other of our matters, this mandate had very strict time constraints. Our team's vast experience and size means we are able to meet pressured timelines without compromising on our advice. This is particularly important when dealing with clients and matters that are under public and media scrutiny. Another key attribute that this matter highlights is the benefits our clients extract from our substantial cross-border skills and experience.