DLA Piper advise Real Foods on amalgamation transaction with Virgin Active
DLA Piper has advised Real Foods, a multi-brand food group based in South Africa on the GBP28.6 million (R581 million) amalgamation of their Kauai and Nü restaurant chains into the Virgin Active Group.
Real Food is a multi-brand food group focusing on selling vegetarian and non-vegetarian fresh products to the market.
Virgin Active is one of the largest global fitness brands which owns a chain of more than 200 health clubs across multiple countries, including South Africa and has more than 1 million members worldwide. The group is part-owned by Richard Branson’s Virgin Group and private equity firm Brait SE.
The DLA Piper team was led by Johannes Gouws (country managing partner and Corporate director) and supported by Marita van der Walt (director, Corporate), Rakhee Singh (senior associate, Corporate), Brian Malcomess (senior associate, Corporate), Monique Jefferson (director, Employment), Nick Goldberg (director, Finance, Projects & Restructuring), Werner Rysbergen (director, Competition) and Andrew Lewis (director, Tax).