Business
Poundland is sold for £200m
Express & Star 4 May 10
Willenhall-based budget chain Poundland has been bought by an American company for £200 million. Poundland boss Jim McCarthy hailed the deal as “great news” and said the new owners backed his plans to expand.
Previous owners Advent International had been about to auction the business, which employs 640 people at its landmark Willenhall headquarters beside the Black Country Route. But it is understood that New York-based private equity investment group Warburg Pincus came in with its offer and sealed the deal…