A&O, Freshfields secure roles as Poundland eyes stock market flotation
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have won mandates on British discount retailer Poundland's proposed initial public offering (IPO). Poundland, which operates more than 500 stores in the UK and Ireland, is 76% owned by US-based private equity firm Warburg Pincus.
February 18, 2014 at 10:15 AM
2 minute read
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have won mandates on British discount retailer Poundland's proposed initial public offering (IPO).
Poundland, which operates more than 500 stores in the UK and Ireland, is 76% owned by US-based private equity firm Warburg Pincus.
The company, which did not say how much it hopes to raise from the March listing, expects to have a free float of at least 25% of the issued share capital when the offer completes.
Freshfields is advising Poundland and longstanding client Warburg Pincus, with a team led by corporate partner Adrian Maguire, who holds the relationship with the private equity firm, and capital markets partner Mark Austin.
They are flanked by City-based head of US corporate Sarah Murphy, employment partner Simon Evans, tax partner Helen Lethaby and finance partner Sean Pierce.
A&O is acting for the underwriters, Credit Suisse and JP Morgan Cazenove.
George Green is representing Poundland's management with a team led by head of corporate Guy Green. Rothschild is acting for the group as its financial adviser.
The magic circle firm's team is being led by London equity capital markets partner Mark Dighero, who was flanked by US-qualified corporate finance partner Adam Wells.
Poundland's revenue grew from £641.5m in 2010-11 to £880.5m in the 2012-13 financial year.
Warburg Pincus frequently turns to Cleary Gottlieb Steen & Hamilton for advice on its transactional work, particularly in the US. In the UK, the private equity firm has also enjoyed strong links with Clifford Chance.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk, Simpson Thacher and Japan's Big Four Among Firms Engaged In Japanese Chipmaker’s $4.8B IPO
Can Labour's New Budget Steady the Ship? Big Moves On UK Tax Reform and Fiscal Stability
5 minute readCracking Canada: How International Law Firms Penetrate the Country's Legal Market
6 minute readHong Kong IPO Market Shows Signs of Slow but Steady Recovery
Trending Stories
- 1When Police Destroy Property, Is It a 'Taking'? Maybe So, Say Sotomayor, Gorsuch
- 2New York Top Court Says Clickwrap Assent Binds Plaintiff's Personal-Injury Claim to Arbitration in Uber Case
- 3'You Can’t Do a First Draft of Common Sense': Microsoft GC Jon Palmer Talks AI, Litigation, and Leadership
- 4About the Awards: Southeastern Legal Awards Q&A with Regional Managing Editor Michael Marciano
- 5Private Credit Boom: Miami’s Role as a Financial and Litigation Hub
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250