Hawkpoint has helped client Musgrave Group, the Irish retailer, secure the acquisition of UK retailer Budgens, two years after it worked on buying an initial stake.

Two years ago Hawkpoint advised Musgrave when it bought a 28% stake in Budgens' ordinary stock, and also acquired 99% of the company's convertible loan stock, giving it a 42.9% interest in Budgens' fully diluted share capital. Musgrave also installed two of its people on the Budgens board at the time. AIB Corporate Finance is also working for Musgrave, although it did not work on the first deal.