Zeus is delighted to have acted as joint financial adviser to Poundstretcher’s shareholder in assessing the company’s strategic options, which resulted in the sale of the business to Fortress Investment Group LLC.
Poundstretcher is one of the UK’s biggest discount retailers, offering a wide range of general merchandise products through its 322 stores. Based in Leicester, Poundstretcher employs approximately 4,000 people and the acquisition by Fortress will provide the resources and investment needed to take Poundstretcher to its next stage of growth.
The terms of the transaction remain undisclosed.
Aziz Tayub
Chairman of Poundstretcher“I am very pleased that Poundstretcher and its fantastic employees are in good hands with Fortress as I now retire from the business.
I am extremely grateful to Zeus for their support and advice when assessing all options for the company at such a critical decision point, with the team’s expertise and guidance being instrumental in achieving a successful outcome.”
Jordan Warburton
Director, Investment Banking at Zeus“We are proud to have partnered with Aziz, Shehzad and the wider team at Poundstretcher over the last 14 months which has resulted in a successful sale to Fortress. It demonstrates Zeus’ ability to advise on the optimum solutions for clients across public and private markets. Poundstretcher is an iconic British brand and one of the largest discount retailers in the country and we look forward to seeing the business seize new opportunities for growth under Fortress’ stewardship.”
Zeus Team
Jordan Warburton, Benjamin Robertson, Rachel Birkett and Jake Walker.
Contact
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