Brait PLC
Investment Banking
Investec is proud to have facilitated the successful closing of a R1 billion secondary private placement of shares in Premier Group on behalf of Brait PLC
Our role
Investec assisted Brait PLC (“Brait”) in the disposal of 5,633,802 ordinary shares in Premier Group Limited (“Premier”) via a private placement, raising gross proceeds of R1 billion. The shares were placed at ZAR177.50 per share, a 3% discount to the 30-day VWAP as at 26 February 2026. The placing represents approximately 4.4% of Premier’s issued share capital. Following settlement, Brait’s interest will decrease from 28.7% to approximately 24.3%.
About Brait PLC
Brait is an investment holding company whose ordinary shares are primary listed on the Euro MTF market of the Luxembourg Stock Exchange, with its secondary listing on the exchange operated by the JSE. Brait’s core asset portfolio includes investments in Premier Group Limited, Virgin Active and New Look.
Premier Group Limited
Premier is a South African consumer-packaged goods company, founded in 1824 and headquartered in Waterfall, Midrand. It operates through two operating divisions: (i) Millbake, and (ii) Groceries and International. Premier’s brand portfolio comprises 38 consumer brands, across five categories and complemented by a strategic private label offering. Premier’s brands include Blue Ribbon, BB Bread, Snowflake, Iwisa, Super Sun, Nyala, Manhattan’s, Lil-Lets and Dove. Premier is listed on the JSE and has a market capitalisation of c.R22.5 billion.
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