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Private equity firms to buy Kuwaiti Americana  Join our daily free Newsletter

MENAFN - 02/07/2014
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(MENAFN) Private-equity firms KKR & Co LP and TPG Capital plan to purchase a majority stake in food retailer #Kuwait Food Co SAK, or Americana, according to Arabian Business



A report by Bloomberg said that there were another six groups which also wanted biddinfor the stake held by the Kuwait-based billionaire al-Kharafi family




The company is expected to be valued at USD5 billion



Bloomberg said that the other potential bidders include CVC Capital Partners Ltd and Advent International Corp


 
 


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