The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Pinsent Co-opted on McColl's Deal

22 July 2016 | Updated 01 January 1970

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 £117 million in cash.

The firm has been advising McColl's, the 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.

Picture: Alan Cook

Article written by Brian Shillibeer | Published 22 July 2016


Related Tags

Related Articles

Co-Op Collaborates With Mitie to Provide Forensic Spray for Staff

Co-op is the first major supermarket to see security guards equipped with a new forensic spray, designed to deter attacks on frontline shopworkers and curb rising levels...

 Read Full Article
Great Things Happen When We Work Together

Mitie has been awarded an integrated FM contract with the Co-op and Viridor given a waste management contract with the Broadland Housing Group Recycling Top Of List...

 Read Full Article
Firefighters Co-operate to Save Co-operative

A huge blaze caused early evening traffic chaos in Manchester yesterday (Oct 12) as emergency services battled the fire in the historic headquarters of the Co-Op - or...

 Read Full Article