Pepco Group subject to £3.8bn takeover plot

Latest News | Mergers & Acquisitions | Retail

A trio of global private equity firms has combined to prepare a bid of £3.8bn for Pepco Group – a pan-European discount variety retailer which owns brands such as Poundland and Dealz.

Advent International, Hellman & Friedman and Mid Europa Partners have teamed up with the intention to bid for the retail giant, which has more than 2,500 stores in 14 European countries, which serves 49 million shoppers each month. Pepco also employes more than 30,000 across the continent.

One of the trio – Advent International – offloaded Poundland ten years ago for £200m, has teamed with the other PE firms to put forward this blockbuster deal.

It has been rumoured that leading bankers at Rothchild in London are advising the trio on the prospective acquisition.

Spokespersons from Pepco, Advent International, Hellman & Friedman and Mid Europa Partners have yet to comment.

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