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Article: United Kingdom : Matalan Talks To Buyout Cos On Sale;No Formal Process-Sources.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Discount retailer Matalan is talking to several private equity firms about a possible sale of the company but has yet to launch a formal process, people familiar with the situation told Dow Jones Newswires Wednesday.
Buyout firms including TPG, Cinven Group Ltd., and Blackstone Group (BX) have approached the company following an initial expression of interest from CVC Capital Partners, people said. Kohlberg Kravis Roberts & Co. is also reported to be interested.
The company's long-term advisor, PricewaterhouseCoopers, is working on the deal and will run any auction process, they added.
Matalan was taken private by ...