The management buy-out of Greenalls Cellars Ltd. (Parisa) was completed in August 1997. Having co-led the acquisition of the company, CVC Funds changed its name to Cellar 5 Group Ltd. in October, 1997. The company is the third largest off-licence and convenience retail chain in the UK with over 450 outlets.
Cellar 5 Group Ltd. offers wine, groceries, drinks, news, and other everyday goods. The company is based in Warrington, UK, and has its main operations located in the Midlands and across the North of England.