Barclays Private Equity eyes £200m take-over of Poundland
Barclay Private Equity has expressed an interest in a potential take-over of Poundland for about £200m The Independent reports.
Other unnamed private equity firms are also circling the single price chain, which delivered underlying earnings of £20m last year. Its owners Advent International effectively put the 264-store chain, which sells everything for £1 or less, up for sale this month by hiring Close Brothers to advise on its strategic options. A date for first round bids is unclear. Full article here.
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