Super Retail Pays Archer Capital $620M For Rebel Group

Law360, New York (October 17, 2011, 6:57 PM EDT) -- Australia's Super Retail Group Ltd. said Monday it had agreed to acquire the country's largest sports retailer, Rebel Group Ltd., from private equity firm Archer Capital Pty Ltd. for AU$610 million ($620 million) to accelerate the chain's growth.

Super Retail said it would finance the acquisition with an increase in its debt facilities and a $340 million entitlement offer allowing shareholders to purchase new shares at a discount.

The deal allows Super Retail to enhance its leisure and apparel retail product lines and grow Rebel from...
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