Private Equity Groups Eyeing HD Supply

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Private Equity Groups Eyeing HD Supply
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.