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Matalan secures recapitalisation via new owner, founder ‘disappointed’

Matalan has been acquired by a group of lenders that will take over the discount retailer in a deal that is said to reduce its significant debt burden. The group, which includes Invesco, Man GLG, Tresidor and Napier Park, will assume control of the company next week, Matalan said in a press release. As part of the deal, the shareholders, which...

17 Jan 2023