Permira lender to buy Paperchase through pre-pack administration – Sky News

Permira Advisers Ltd.-affiliated lender Permira Debt Managers Ltd. is set to acquire troubled stationery chain Paperchase Ltd. through a pre-pack administration, Sky News reported Jan. 26.

Up to 90 of the chain's 125 stores and about 1,000 of its employees will likely be saved by the deal, which is expected to take place Jan. 27, the news outlet said.

The Primary Capital Partners LLP-owned retailer closed its shops in November and December 2020 due to the COVID-19 pandemic.

Paperchase and Permira Debt Managers declined Sky News' request for comment.