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Warburg eyeing up to £600m from Poundland sale, IPO

7 May 2013

PoundlandPrivate equity major Warburg Pincus is reportedly planning a sale or IPO of European discount store chain Poundland three years after picking up the business in a £200m deal.

The UK-based company, which sells a variety of food, health and household products for £1 a piece, has profited from consumers attempting to reduce their spending amid the global economic downturn.

Poundland could be valued at up to £600m today according to the FT, which cited people familiar with the matter.

It said strong demand for a majority stake in rival value chain B&M when it was put up for sale last year suggested an auction was more likely than an IPO.

The business could have its third private equity owner in a row if it is bought by a buyout firm this time around.

Advent International bought the group for £50m in 2002 before selling it to Warburg eight years later.

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