Poundland has been bought be US private equity firm Warburg Pincus in a deal believed to be worth around £200m.
The discount retailer was sold by global private equity firm Advent International, who acquired the chain in June 2002 after leading a management buyout.

Poundland's sales rose by a quarter to about £510m in the year to March 2009. This deal values the business at about ten times EBITDA, which was £20m for the same period.

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