White & Case advises Brands for Less on sale of shares to TJX Companies
White & Case has advised the founders of Brands for Less (BFL) on the US$360 million sale of 35 percent of its shares to The TJX Companies (TJX) in a deal which values BFL at an enterprise value of US$1.2 billion.
White & Case’s team
The White & Case team which advised on the transaction was led by partners Marcus Booth (pictured left, from Dubai & London) and Roger Gaspard (pictured right, from Dubai) and included partners Abdulwahid Alulama (Abu Dhabi & Dubai), Jonah Anderson, Will Smith (both London), Daniel Levin (Washington, DC), David Dreier (New York), Tamer Nagy (Washington, DC & Cairo), Abdallah Maher (Riyadh) and Louise Vun (Dubai), local partner Omar Anwar (Dubai & London), counsel Chris Ohlgart (Chicago) and associates Chris Thorn, Charles Tuckwell, Tigran Saakyan, Gabrielle Margerison, Natasha Marican, Arnold Krutilins, Ahmad Bin Dalmook (all Dubai), Alec Buchanan (London), Nazly Khedr (Cairo) and Reem Albakr (Riyadh).
BFL
Dubai-headquartered BFL is a Middle East’s off-price retailer of fashion, homeware and toys. It operates across seven markets in the region and has more than 100 stores.
TJX
TJX, a Fortune 100 company and the premier off-price apparel and home fashions retailer in the US and globally, operates more than 5,000 stores across nine countries on three continents. The transaction allowed TJX access to fast-growing consumer markets in the Middle East.