Starting news article english 4 December 2012

Clifford Chance advises BAML and Clayton Dubilier & Rice acquisition B&M Stores stake

Leading international law firm Clifford Chance announces it is advising Clayton Dubilier & Rice and Bank of America Merrill Lynch in relation to the purchase of a significant stake in leading UK variety retailer, B&M Stores. B&M, owned by the Arora family, is one of the UK’s leading discount retailers with stores situated in the north of England, Scotland, Northern Ireland and Wales. The deal is believed to be one of the biggest Private Equity deals in Europe this year. Bank of America Merril Lynch provided financing support for the acquisition.

The Clifford Chance team advising Clayton Dubilier & Rice was led by London head of Corporate and Private Equity specialist Partner, Simon Tinkler with support from senior associate Graham Harrison. Other expertise was delivered by Catherine Cook (Partner, Real Estate) with support from senior associates Alis Pay and Ben Stansfield; Vanessa Marsland (Partner, IP, Corporate) with support from Anna Blest; Nick Mace (Partner, tax) with support from Jemma Dick and Mike Crossan (Partner, employment) with support from Lynsey Adams.

The team advising Bank of America Merrill Lynch was led by finance partner Karen Hodson, assisted by associate Katie Hicks.