IDEAL Holdings will create a corporate vehicle (CV) which will hold 100% of IDEAL Holdings investments in Attica Department Stores, Byte, Adacom, Bluestream, and Barba Stathis (upon completion of the acquisition). The CV will have an equity value of €410m and OHA will acquire 15% for a cash contribution of c. €62m, while additionally OHA has the option to acquire within six months, by further investing in the CV, an additional 10% for a cash consideration of c. €41m.

Following the conclusion of its investment in the CV, OHA intends to also invest in IDEAL Holdings, acquiring up to 4% of the share capital, subject to availability of IDEAL Holdings’ offered shares. OHA, through the CV, will also have the right to co-invest with IDEAL Holdings, as a minority investor, an additional €200m over the next two years, to support its growth plans.

The Reed Smith team advising IDEAL Holdings consisted of global co-lead of Reed Smith's Financial Industry Group, Panos Katsambas, corporate counsel Victoria Bryden and corporate partner Daryl Cue. Delphine Currie provided equity capital markets advice, together with local counsel. Caspar Fox provided tax advice.
IDEAL is a listed holding company with a diversified investment portfolio.

OHA is a UK regulated entity, part of the global investment firm, Oak Hill Advisors.

For more information visit IDEAL Holdings.