Press Release

Kirkland & Ellis Advises Edcon Holdings Limited in Connection with Offering of €425 Million of Senior Notes due 2019 and Tender Offer for €378 Million of its Senior Notes due 2015

Kirkland & Ellis International LLP represented Edcon Holdings Limited, the parent company of the Edcon Group, in connection with the offering of €425 million of 13.375% senior notes due 2019 and the tender offer for €378 million of its senior notes due 2015. The notes offering closed and the tender offer results were announced on Nov. 14, 2013.

The majority of the proceeds from the notes offering were used to repurchase the notes tendered pursuant to the tender offer, with the remaining proceeds being used for the redemption of any outstanding senior notes due 2015 and to refinance other certain indebtedness.

The Kirkland team of lawyers that advised on the notes offering and the tender offer included London-based partners Ward McKimm, Neel Sachdev, Cedric Van den Borren and Mark Fine and associates Carl Pickerill and Sean Salisbury. Partners Ian Taplin, Mike Carew and Dulcie Sawle Daly and associate Kevin Zaragoza advised on the tax aspects of the offering.

Edcon is South Africa’s largest non-food retailer, with a 25 percent market share of the South African clothing and footwear (C&F) market, trading through a wide range of retail formats. The company has grown from opening its first store in 1929, to trading in more than 1,300 stores in South Africa, Botswana, Namibia, Swaziland, Lesotho, Mozambique, Zimbabwe and Zambia. Edcon is controlled by Bain Capital.

Kirkland & Ellis is a 1,600-attorney law firm representing global clients in complex corporate, capital markets, tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in London, Beijing, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.