Clifford Chance (CC) has advised leading private equity house Permira on its headline £900m disposal of DIY and home furnishing giant Homebase Group to Great Universal Stores (GUS).

CC has been advising Homebase since Permira – formerly Schroder Ventures – acquired it in March 2001. Corporate partner Jonathan Beastall advised the vendor, supported by fellow corporate partner Matthew Layton, CC’s relationship partner for Permira.