Monday 23 August 2021

Private Equity Firm Now Eyeing Sainsbury’s?

According to The Sunday Times, US group Apollo is said to be looking at options regarding the supermarket group. 

The paper noted that this interest is exploratory, while a Bloomberg report cited unnamed sources to add that Apollo has not hired any advisers yet.

NamNews Implications:
  • A bid of £7bn+ should get the ball rolling...
  • Re-entering a period of distraction for Sainsbury’s management.
  • Supply and Retail…
  • Meanwhile, a short- & medium-term focus on financial performance.
  • …by reflex, if not by design.

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