‘As CD&R rescues McColl’s, it’s time to change the narrative on private equity’

McColl's fascia

After a wretched few days, today finally brought some much-needed certainty for McColl’s 16,000 employees and the 2,000 members of its two pension schemes.

Just 72 hours after tumbling into administration and throwing the prospects of both into serious doubt, the beleaguered convenience store operator has been rescued by supermarket giant Morrisons

But there is a wider significance in the identity of its white knight – a business owned by private-equity giant Clayton, Dubilier & Rice (CD&R).

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