Banks Behind Asda Buyout Prep $5 Billion Debt Deal for Grocer
- Lone Star, Apollo, TDR in the running for U.K. supermarket
- Debt options could include real-estate financing route
Photographer: Simon Dawson/Bloomberg
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Financing to back the potential buyout of U.K. grocery firm Asda Group Ltd. by a private equity sponsor could total just under four billion pounds ($5 billion), according to people familiar with the information.
Three bidders are still involved in the process after final bids were submitted on Monday, Apollo Global Management, Lone Star Global Acquisitions Ltd, and TDR Capital LLP, the people familiar said, asking not to be identified because the matter is private.