Ashurst is advising Rothschild & Co in relation to JD Sports' recommended cash offer for Footasylum, announced today. The terms of offer value the entire issued and to be issued ordinary share capital of Footasylum at up to approximately £90.1 million on a fully diluted basis.

JD is Sports a specialist multi-channel retailer of fashionable branded sports and casual wear, combining globally recognised brands with a number of strong own brand labels. It has over 2,400 stores across a number of retail fascias in 18 countries. Footasylum is a UK-based fashion retailer founded in 2005 focusing on the footwear and apparel market. It retails "on-trend" product ranges which are predominantly aimed at 16 to 24 year old fashion-conscious customers and are sourced from an extensive stable of third party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.

Rothschild & Co is acting as financial adviser to JD Sports in connection with the offer.

The Ashurst team is being led by corporate Tom Mercer, assisted by associate James Powell.