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William "the Younger" Peverel (c. 1080–1155) was the son of William Peverel. He lived in Nottingham, England.
He married Avicia de Lancaster (1088 – c. 1150) in La Marche, Normandy, France. She was the daughter of William de Lancaster I and Countess Gundred de Warenne, daughter of William de Warenne, 2nd Earl of Surrey. In 1114, she bore a daughter, Margaret Peverel. Another member of his family, Maude Peverel (a sister or daughter) was - by 1120 - the first wife of Robert fitz Martin.
William inherited the Honour of Peverel.
He was a principal supporter of King Stephen, and a commander in the Battle of the Standard. He was captured at The Battle of Lincoln.
King Henry II dispossessed William of the Honour, for conspiring to poison the Earl of Chester - though historians speculate that the King wished to punish him for his 'wickedness and treason' in supporting King Stephen. The Earl died before he took possession of the Honour, and it stayed in the Crown for about a half century.