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Article: Business Comment: Bravado fuels private equity's hunger for Sainsbury
- Article from:
- Scotland on Sunday
- Article date:
- February 4, 2007
- Author:
CopyrightCopyright 2007 Scotland on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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THE talk of a record-breaking private equity deal sent shares in J
Sainsbury soaring on Friday and had investment bankers rubbing their
hands in anticipation of lucrative fees. Nonetheless, sentiment
favoured no imminent action. Both the price and the stakes are high
and some observers are having trouble making the numbers stack up.
There is a little suspicion that the interest expressed by a
consortium comprising CVC, KKR and Blackstone contains a dose of
bravado. Having conquered great swathes of mid-range companies, they
are puffing out their chests for an assault on one of the FTSE-100
businesses, a family name to boot, that would be the ultimate notch
on the bedpost.
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