Poundland sold for £200m in private equity deal
Poundland, Europe's largest single price discount retailer, said the deal would support further growth. The retailer performed well during the recession as cash-strapped shoppers cut their cloth and sought out bargains.
Advent International bought Poundland for £50 million in 2002,and had recently appointed Close Brothers to assess its options for the business. Last month Advent bought DFS for £500 million.
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