Private equity firm Lone Star is reportedly preparing to float its supermarket chain Bi-Lo Holdings eight years after buying it for $660m.
Bi-Lo has hired Citigroup, Credit Suisse and Deutsche Bank to run the IPO, said Reuters, citing two sources familiar with the matter.
The IPO is expected to take place later this year, said the report.
Since being acquired by Lone Star in 2005, Bi-Lo has bought supermarket chain Winn-Dixie Stores for $560m and 165 stores from Delhaize Group for $265m.
The company operates 206 grocery stores under its own brand in the southeastern US.
In June Altassets reported that Lone Star expected to raise its newly-launched $6bn real estate fund quickly after closing its Fund VIII on $5.1bn in the previous month.
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