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”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons bolsters its Competition, EU & Trade Group with appointment of Hans Jürgen Meyer-Lindemann in Düsseldorf
Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.
Pinsent Masons advises HZI on its first Energy from Waste Plant in Australia
International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia
Pinsent Masons advises Redington on deal from Phoenix
International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons appoints Ian Laing as Global Head of Infrastructure
International law firm Pinsent Masons has appointed Ian Laing to lead its global infrastructure team.
Pinsent Masons appoints new Finance Partner in Sydney
International law firm Pinsent Masons is pleased to announce that Finance & Projects partner, Jim Hunwick, is joining the firm's Australia practice in Sydney.
Pinsent Masons wins Project Finance Deal of the Year award in Middle East
International law firm, Pinsent Masons, has been awarded the 'Deal of the Year for Project Finance' award at the International Financial Law Review (IFLR) Middle East Awards 2019.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]