London, England, March 1, 2007–Three teams of private equity firms are considering bids for Home Depot’s wholesale supply business, which could be worth around $11 billion, according to a report in the Financial Times.
The newspaper said Blackstone, Kohlberg Kravis Roberts, Leonard Green Partners and Texas Pacific Group comprise one consortium, while Bain Capital, Carlyle and Clayton Dubilier & Rice have also teamed-up, as have Thomas H Lee Partners, Goldman Sachs and CCMP.
Home Depot recently said it was considering a sale of the unit, which would allow it to focus on turning around its core home improvement retail business.
The newspaper said Blackstone, Kohlberg Kravis Roberts, Leonard Green Partners and Texas Pacific Group comprise one consortium, while Bain Capital, Carlyle and Clayton Dubilier & Rice have also teamed-up, as have Thomas H Lee Partners, Goldman Sachs and CCMP.
Home Depot recently said it was considering a sale of the unit, which would allow it to focus on turning around its core home improvement retail business.
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