DLA Piper has advised Conviviality Retail, the owner of Bargain Booze, on its initial public offering to realise a market capitalisation of £66.7m on admission on AIM.
Conviviality Retail operates the UK’s largest franchised off-licence and convenience chain, with more than 600 franchisee-owned stores in the north of England. The Conviviality Group is a buying, marketing and logistics business offering a full support package to 460 franchises. Conviviality’s franchisees operate under six fascias, which include Bargain Booze and Bargain Booze Select Convenience.
The DLA Piper Manchester corporate team was led by partner James Kerrigan with legal director Ciaran Stone, senior associate Melanie Kay and trainee Elizabeth Warwick. They were assisted by partner Matt Christmas and associate Charles Weems, who advised on banking matters.