B&M Bargains sold to US private equity firm

US private equity house Clayton Dubilier & Rice (CD&R) is planning international expansion for discount retailer B&M Bargains.

CD&R has taken a "significant stake" in a deal which may have valued the chain at more than £900m.

B&M will continue to be managed by its existing management team while former Tesco chief executive Sir Terry Leahy, a senior adviser at CD&R, will serve as chairman

The Liverpool-based group, owned by three Cheshire brothers Simon, Bobby and Robin Arora, has been on the mark... For the full story register now for free or login below...