UK private-equity firm BC Partners has hired JPMorgan and Bank of America for advice on its options for it stake in Turkish retailer Migros Ticaret.
According to Reuters, the banks have been working with BC Partners since the firm acquired its initial stake in Migros in 2008. However, no decision is understood to have yet been made on whether to sell the stake.
The remaining 20% is in Migros Ticaret owned by investors including Turkish buyout firm TurkVen and private equity firm DeA Capital.
A spokesperson for BC Partners declined to comment on the reports when contacted by just-food.
A number of companies have been linked to a potential purchase of the stake. US retail giant Wal-Mart Stores was linked to a potential deal in December last year.
In May, the head of Sabanci, a joint-venture between Sabanci Holding and Carrefour in Turkey, Haluk Dincer, told a news conference he was looking into buyout opportunities including Migros. A new report linked the two again this week. However, a spokesperson for Carrefour declined to comment when contacted by just-food today.