Frasers Group to acquire Holdsport from Old Mutual Private Equity.

Frasers Group, a British retail, sport and intellectual property group, agreed to acquire Holdsport, a sports and outdoor goods retailer, from Old Mutual Private Equity, an investment firm. Financial terms were not disclosed. "Holdsport has built an incredible brand and reputation across Southern Africa, and we see potential in combining their regional expertise and own brands with our scale and resources, establishing a strong platform for growth. This acquisition is a great step forward for us, not only in expanding our footprint but also in enhancing our ability to meet the rising demand for high-quality sporting goods in a region with such dynamic growth," Michael Murray, Frasers Group CEO.