US private equity firm Berkshire Partners is reportedly exploring sale options for its stake in discount supermarket chain Grocery Outlet. Berkshire bought into the business for an undisclosed amount in 2009 after beating off auction competitors Oak Hill Capital Partners and CCMP Capital Advisors. It is thought the eventual deal was worth about $400m. A sale could value Grocery Outlet at more than $1bn according to Reuters, which cited people familiar with the matter. It said Berkshire had hired Barclays and Goldman Sachs to run the sale for the California-based business. Grocery Outlet has an EBITDA of about $100m and more than 180 stores across Pennsylvania and the Western US. Copyright © 2014 AltAssets
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