Investment bank Goldman Sachs has told just-food that it is unwilling to make any comment on rumours that it could be looking to join the consortium of private equity groups, led by CVC, who are considering a GBP10bn (US$19.69bn) bid for Sainsbury’s.
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The investment bank is currently advising the consortium. According to The Times newspaper, it is understood that Goldman Sachs has entered into talks to use its own private equity fund to join the bid.
It is thought that the original members of the bid, CVC, KKR and Blackstone, would continue to take the lead in any deal, while Goldman Sachs would contribute a smaller portion, estimated at GBP3bn.
