Clerys Sale

Press Release
Gordon Brothers Europe, the European Advisory, restructuring and investment affiliate of Gordon Brothers Group, announces that it has completed the sale of OCS Investment Holdings, the owner of Clerys Department Store, for an undisclosed sum, to the real estate company Natrium Ltd, which is a joint venture between D2 Private and discretionary funds managed by Cheyne Capital Management (UK) LLP. Quadrant Real Estate Advisors from Atlanta also provided financing in respect of the transaction.