A private equity deal for UK supermarket group Morrisons could be backed by about £5bn of debt as banks put together a financing package for a potential buyout.
Morrisons has been in touch with private equity firms regarding a possible buyout, Bloomberg reported earlier this week.
Buyout firms including CVC Capital Partners, Carlyle Group and Apax Partners have been approached, though Apax has already decided against pursuing a deal, the report said.
The founding family of the retail chain, the fourth largest in the UK, currently owns a 9.5 per cent stake in the company.
A potential deal could fetch over £7bn and as such require the participation of more than one investor.
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