Silverfleet Capital has agreed to sell Office Retail Group (OFFICE) to Truworths International (JSE: TRU) for £256 million. Founded in 1981, OFFICE is a fashion footwear retailer with a multi-channel offering, including stores, department store concessions and web-shops, among others. Silverfleet acquired the company in late 2010; the firm reports a 3.4x return on its investment. The transaction is expected to close in early December. Advisors to the sellers of OFFICE included Rothschild, J.P. Morgan, PwC and Travers Smith.