At least five bidders interested in Matalan

Discount clothing retailer Matalan has drawn interest from at least five major buy-out firms in the opening stages of a £1.5bn (€1.7bn) auction, it was reported today.

At least five bidders interested in Matalan
Fri, 20 Nov, 2009 - 07:47

Discount clothing retailer Matalan has drawn interest from at least five major buy-out firms in the opening stages of a £1.5bn (€1.7bn) auction, it was reported today.

Private equity buyers TPG, Blackstone, Warburg Pincus, BC Partners and Advent International have all submitted initial bids for the company, the Financial Times said.

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