The London office of international legal business DWF has advised Poundland owner Pepkor Europe on its £180m financing with US investment firm Davidson Kempner.
Pepkor Europe, which owns Poundland and PEP&CO in the UK, as well as European businesses Dealz and PEPCO, will use the facility to provide support for Bensons for Beds and Harveys, which are owned by the Steinhoff UK group alongside Pepkor Europe.
Corporate partner Paddy Eaton lead the DWF team with finance partner Iain Shurwood and director Amrish Sharma, supported by associates Leah Glover, Matthew Hannam and Rachael Carter.
Paddy said: "We are delighted to have advised Pepkor Europe on this transaction, which will enable this thriving business to continue to develop despite the challenging circumstances affecting the wider group. Pepkor Europe is a longstanding and highly valued client of DWF and we are proud to have helped them carry out this project swiftly and efficiently. This deal really demonstrates the combined strengths of our finance and corporate practices in delivering on high profile, international transactions. "
Andy Bond, chief executive of Pepkor Europe, commented: "We have worked with DWF for many years and the team there has provided an invaluable service throughout this transaction. We’re looking forward to the next stage of growth within the business."
DWF's strong corporate practice has advised a number of high profile transactions this year, including the sales of Mini-Cam Enterprises to Halma plc, Xceleron inc to Pharmaron and Trak (Global Solutions) and the DFS acquisition of Sofology.