Pinsent Masons advises on McColl's acquisition of Co-op convenience stores
15 Jul 2016 | 10:29 am |
International law firm Pinsent Masons has advised McColl's on its acquisition of 298 convenience stores from the Co-operative Group Limited for an aggregate consideration of £117m in cash.
The firm has been advising McColl's, a leading neighbourhood convenience retailer, on real estate matters in connection with the sixty stores situated in Scotland and a number of stores located in Northern Ireland.
The Pinsent Mason team acting on the deal was led by Partner Alan Cook and Legal Director Karen Hunt. McColl's was also advised by Travers Smith and Brabners.
Commenting on the deal Alan Cook said: "This is a key deal for our client, that enables McColl's to grow significantly and develop its convenience store business across the UK.We are pleased to be able to assist in the transaction and to ensure that the stores purchased add value to McColl's portfolio."
Co-operative Group Limited was advised by Addleshaw Goddard and Brodies.
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