Investment firms in the hunt for Albertsons
Investment firms in the hunt for Albertsons
According to widespread news reports, investment firms are lining up to bid for Albertsons. Knowledgeable sources are saying that both the real estate which the company owns and its geographic diversity are attractive characteristics for investment firms. The private-equity firms of Kohlberg Kravis Roberts & Co., Apollo Advisors LP, Bain Capital LLC, Thomas H. Lee Partners and the Carlyle Group are said to have each submitted an initial bid for Albertsons. A newspaper report in Boise, ID, where Albertsons is headquartered, cited unnamed sources who claimed initial bids were due Sept. 5