Morrisons’ founding family weighs buyout interest, says report
It said the family, which holds about 9.5 per cent of the supermarket, has so far been unable to find a buyout partner due to concerns about Morrisons’ slow sales growth and the size of the deal.
Bloomberg cited the sources as saying the family has also approached other private-equity funds including Apax Partners. It said Apax had decided not to pursue a deal.
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Hide AdIt said a buyout of Morrisons would exceed £7bn ($11.5bn) and require a group of funds to work together.
Morrisons and CVC declined to comment when contacted by Reuters. Apax and Carlyle were not immediately available for comment.
Morrisons’ founding family could not be immediately reached.