maandag 4 november 2013

Investment Bank Rothschild to advise on Poundland’s flotation

Investment Bank Rothschild to advise on Poundland’s flotation
Retailer Poundland has lined up Rothschild to advise on its upcoming public offering, which is expected to value the firm at more than £700m. The investment bank, which declined to comment on the issue, is expected to bring in other advisers to work on the flotation in the next few weeks. The group is looking to double its British stores to more than 1,000 and expand in Europe, giving it a growth story to sell ahead of a stock market listing. The group opened 69 new stores in Britain and Ireland in 2012-13 and plans 50 new stores in 2013-14, having already opened 30. Stronger equity markets have helped revive new listings in Europe this year. Investors have clamoured to tap into the discount chain sector in recent times, as recession-stricken shoppers gravitate towards bargain purchases. Poundland, which was bought by private equity firm Warburg Pincus for £200m in 2010, posted record sales last year of £880m. Poundland and Warburg Pincus both declined to comment on their strategy yesterday. Poundland was founded as a single store in Staffordshire in 1990. See more at Learn more: http://youtu.be/1Lz_DYDyQIc and http://www.cityam.com/article/1383542635/rothschild-advise-poundland-s-flotation #marketing #fanpower #privateequity #venturecapital #Funding #IPO #Tech #Newmedia #youngandminted #CEO #Startups #EDM #DJ #Seedcapital #entertainment #ADE13

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