Private equity firm Clayton Dubilier & Rice LLP will acquire a stake in London-based discount retailer B&M Retail Ltd.
B&M, which operates stores in north England, Scotland, northern Ireland and Wales, will continue to operate with its existing management team.
Bank of America Merrill Lynch, Clifford Chance, Debevoise & Plimpton, Ernst & Young and Bain & Co. advised Clayton Dubilier on the deal. Rothschild, Allen & Overy, PricewaterhouseCoopers and OC&C advised B&M on the transaction. Terms, including the size of the stake, were not disclosed.
For details on one that got away from Clayton, see our coverage of founder Joseph Rice’s keynote at the recent Yale School of Management’s Private Equity Conference.