Pinsent Masons advises on Costcutter refinancing

07 Aug 2013 | 12:08 pm |

International law firm Pinsent Masons has advised Barclays on a £35m asset based financing deal for Costcutter Supermarkets Group.

The three year term of the refinancing will support both business growth and the current transition period following the announcement in March that Costcutter Supermarkets Group has entered a strategic partnership with Palmer and Harvey for buy and supply. This has seen the two companies launch a joint venture buying company, bring the 800 Mace, Your Store and Supershop stores into Costcutter Supermarkets Group, and sign an eight year wholesale distribution contract with Palmer and Harvey the UK’s largest food and drink wholesaler.

The Pinsent Masons team advising the Barclays Trade and Working Capital and Debt Finance teams on the deal was led by asset based lending partner Edward Sunderland, supported by Matthew Clayton-Stead and Naomi Gaston.

Commenting on the deal Edward Sunderland said: “We were delighted to support Barclays in putting together an innovative funding package for Costcutter. Working to meet a challenging timetable, we were able to assist our client in delivering what they had promised”

Latest press releases

Show me all press releases

Pinsent Masons named as one of Stonewall's Top Global Employers 2020

Multinational law firm Pinsent Masons has been recognised as a leading lesbian, gay, bi and trans employer by LGBT charity Stonewall in its Top Global Employers Index 2020 for the fifth consecutive year.

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons named a top ten family friendly employer for fourth year in a row

Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons advises GFG Alliance on the de-merger of SIMEC ZEN Energy

Multinational law firm Pinsent Masons has advised Sanjeev Gupta’s GFG Alliance on the de-merger of SIMEC ZEN Energy Group, GFG’s renewable energy development and retail businesses in Australia.

Pinsent Masons appoint Banking and Restructuring partner

Multinational law firm Pinsent Masons has appointed restructuring expert Charles Maunder as a Banking & Restructuring partner within their Finance and Projects group. Charles will commence his role in November.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts