NEWS & VIEWS

Global private equity and venture capital news and research

BC Partners eyes $4bn exit to Wal-Mart for Turkish supermarket Migros Ticaret

13 Dec 2012

UK private equity BC Partners could be in line for a billion-dollar payday following  reports that US supermarket giant Wal-Mart is considering buying the firm’s 80 per cent stake in Turkish retail chain Migros Ticaret, in a deal valuing the company at over $4bn.

According to the Financial Times, Walmart recently met with Migros management but has not yet made an official offer.

BC Partners first invested in Migros back in 2008, taking a 50.8 per cent stake for $3.15bn. At the time it was the largest leveraged buy-out in Turkey’s history.

In April 2011, BC Partners sold a 17.4 per cent stake in the company for $515m. In June of that year it also sold the supermarket’s discount subsidiary, Sok, for $380m.

Copyright © 2012 AltAssets

FUNDRAISING & INVESTOR RELATIONS

Keywords: , ,


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014