At least four private equity funds including BC Partners are in talks to buy a majority stake in Italy’s fourth-biggest supermarket chain Esselunga in a deal worth up to $6.7 billion, sources familiar with the matter told Reuters.
London-based BC Partners is one of two private equity houses which recently joined the race to submit offers and outbid previous expressions of interest from two other heavyweight funds, Blackstone and CVC Capital Partners, the sources said.
The size of the transaction may be challenging for some private equity firms and these funds may try to team up in a consortium with Italian investors.
Full Content: Reuters
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