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 hires senior litigation and investigations partner Melanie Ryan in London

Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.

Pinsent Masons MPillay advises SUSI Partners on investment in Alba Renewables

Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.

Pinsent Masons advises La Bottega on Australian acquisition

Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons hires senior litigation and investigations partner Melanie Ryan in London

Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.

Pinsent Masons MPillay advises SUSI Partners on investment in Alba Renewables

Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.

Pinsent Masons advises La Bottega on Australian acquisition

Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.

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

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.