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.
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