Slaughter and May is advising Fortress on the successful restructuring of Poundstretcher

Slaughter and May is advising funds managed by affiliates of Fortress Investment Group ("Fortress") on the restructuring of Poundstretcher Limited (“Poundstretcher”), one of its portfolio companies.

Poundstretcher is implementing a holistic restructuring of its financial and operational liabilities, involving the amendment and extension of certain of its debt facilities, and the restructuring of its UK leasehold estate.

The transaction is being implemented by way of a restructuring plan under Part 26A of the Companies Act 2006. The restructuring plan was sanctioned – despite opposition from certain landlords at both the convening and sanction hearings – by Hildyard J on 12 June 2026.

Slaughter and May has been working closely throughout with the Fortress legal team.