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New Deal


Announced

Completed

M&G Investments completed the acquisition of 11 Waitrose stores from John Lewis Partnership.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Single Bidder

Domestic

Private Equity

Majority

Private

Friendly

United Kingdom

Food Retailers and Wholesalers

Acquisition

Infrastructure

food retailer

groceries

Synopsis

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M&G Investments, a global asset manager, completed the acquisition of 11 Waitrose stores from John Lewis Partnership, a British company operating John Lewis & Partners department stores and Waitrose & Partners supermarkets. Financial terms were not disclosed. The stores have been leased back to Waitrose for a term of 20 years with options to extend.

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