Five private equity groups are among the first-round bidders for Matalan, the privately owned UK discount clothing retailer that is being auctioned with an estimated price tag of about £1.5bn. TPG, Blackstone, Warburg Pincus and BC Partners have all submitted indicative bids. Advent International, US buy-out specialist and owner of discount retailer Poundland, has also bid. John Hargreaves, who owns 100% of Matalan with his family, took the chain private in an £817m deal in 2006.

This entry was posted by Gwen Robinson on Friday, November 20th, 2009 at 4:19 and is filed under Capital markets, M&A, Private equity. Tagged with advent, BC, blackstone, Matalan, tpg, warburg pincus. Edit this entry.