Buy-out specialist TPG is understood to be in exclusive negotiation with the directors of Poundworld to acquire the 270 store chain. Founded in 2004 by market trader Chris Edwards and headquartered in Yorkshire, Poundworld received a £26 million investment last year to underpin its growth plans which included the takeover of 99p Stores for £55 million – a deal which is conditional on approval from competition regulators.
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