London — Mayer Brown has advised funds managed by Permira's credit arm on the acquisition of a large portion of the stationery retailer Paperchase, a move which has rescued the brand from administration. Permira has provided Paperchase with secured debt financing since 2015.
With this deal Paperchase stores in UK, Guernsey and Jersey will remain on the high street under the management of a new group owned by Permira and many jobs have been saved.
The Mayer Brown team was led by leveraged finance partner Stuart Brinkworth from the firm's Banking & Finance practice and Restructuring partner Amy Jacks. The team included: Restructuring partner Sheena Frazer and senior associates Nicola Collins and Fatema Begum; Banking & Finance counsel Angela Lai and associate Jomar Vargas; Tax Transactions & Consulting partner Matthew Mortimer and senior associate Matthew O’Brien; Real Estate partner Caroline Humble and senior associate Sarah Rochelle, Corporate & Securities partner Perry Yam and senior associate Katrina Murphy, Employment partner Miriam Bruce and senior associate Sarah Reeve-Young, and IP partner Mark Prinsley and associate Ondrej Hajda.