Brief: Ideal Holdings Partners With Oak Hill Advisors In Investment Deal
05/03/2025 07:54
March 5 (Reuters) - Ideal Holdings SA IDEr.AT: SIGNS PARTNERSHIP AGREEMENT WITH OAK HILL ADVISORS (OHA) IDEAL HOLDINGS WILL CREATE A CORPORATE VEHICLE (CV) HOLDING 100% OF IDEAL HOLDINGS INVESTMENTS, INCLUDING ATTICA DEPARTMENT STORES, BYTE, ADACOM, BLUESTREAM, AND BARBA STATHIS OHA WILL ACQUIRE 15% OF THE CV FOR AROUND EUR 62 MILLION WITH AN OPTION TO ACQUIRE AN ADDITIONAL 10% WITHIN SIX MONTHS FOR ABOUT EUR 41 MILLION IDEAL HOLDINGS SAYS OHA ALSO INTENDS TO INVEST IN IDEAL HOLDINGS DIRECTLY ACQUIRING UP TO 4% OF THE SHARE CAPITAL IDEAL HOLDINGS SAYS OHA HAS THE RIGHT TO CO-INVEST AN ADDITIONAL EUR 200 MILLION OVER THE NEXT TWO YEARS IDEAL HOLDINGS SAYS TRANSACTION IS EXPECTED TO BE COMPLETED IN H2 2025 Further company coverage: [IDEr.AT] (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 587785269;))
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