Allen & Overy Reps Iceland Foods In $1.7B Buyback

Law360, New York (March 9, 2012, 3:03 PM EST) -- The founder of British frozen food retailer Iceland Foods Group Ltd. has bought back the company from liquidators of its bankrupt owners in an £1.11 billion ($1.7 billion) deal that included South Africa's largest private equity firm Brait SA, the company announced Friday.

Malcolm Walker led the company's management board in the buyback of the 77 percent stakes held by Icelandic banks Landsbanki Islands HF and Glitnir HF, in a debt-laden deal that included Brait, sofa tycoon Lord Graham Kirkham and Dubai-based retail developer The Landmark...
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