Bond Dickinson advises Hilco Capital on its purchase of Staples’ UK Retail Business
National law firm Bond Dickinson LLP has advised long-standing client Hilco Capital on its agreement to acquire the UK retail office supply business and operations of Boston headquartered Staples, Inc.
Hilco Capital is a leading operator in the turnaround and restructuring sector in the UK, Europe, Canada and Australia. Retail veteran Alan Gaynor, who recently worked with Hilco to integrate the £400m turnover 99p Stores into Poundland PLC, has been appointed to work alongside the existing management team to build a plan for success for the business.
The Bond Dickinson team was led by Corporate Partner Tom Fitzpatrick. He commented: “We are delighted to have helped Hilco with this deal, which represents the fourth acquisition we have worked with them on in two years.”
Henry Foster, Investment Director of Hilco Capital, said: “In the market we operate in, we need advisers who can move fast, are agile enough to deal with unconventional situations and pragmatic and commercial enough to focus on what matters most: Bond Dickinson have delivered well in these situations.”
Bond Dickinson has a retail sector focus, acting for more retailers than any other UK law firm. Clients include Co-op, Clarks, GAP, House of Fraser, Kingfisher (B&Q, Screwfix), New Look , Sainsburys, Specsavers and TK Maxx.
The firm also acts for other prominent investors in the retail and leisure sector, such as Piper Private Equity, backers of the Weird Fish and Turtle Bay brands.