Go Symbol Lookup
Loading...

Bids Expected Today for Home Depot's Supply Unit

 Text Size  
Published: Friday, 15 Jun 2007 | 10:09 AM ET
By: CNBC.com

Offers for Home Depot's supply division are due today, according to a source involved with the deal, with two groups of private equity firms expected to be among the remaining bidders.

HD Supply, a division that analysts say is worth around $10 billion, was put up for sale earlier this year. The company hired Lehman Brothers to run the process.

Several groups of private equity firms showed initial interest, but have since faded from the picture as the division has been hit by a housing market slowdown, according to sources close to the deal.

A group consisting of Thomas H. Lee Partners and CCMP Capital was among the remaining parties interested in the company, but as of Friday morning it was still unclear whether they would bid, the source involved with the deal said.

A team of Clayton, Dubilier & Rice, Bain Capital and Carlyle Group was also among the remaining groups interested in the division. It was also unclear Friday morning whether they would bid.

Home Depot, Carlyle and TH Lee declined to comment.

 Print
Offers for Home Depot's supply division are due today, according to a source involved with the deal, with two groups of private equity firms expected to be among the remaining bidders.
  Price   Change %Change
HD ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

U.S. Video

  • Former Education Secretary Bill Bennett has a new book out called "Is College Worth It?" Bennett discusses financial aid, tuition and what else is discouraging to students.

  • Every single economic report beat the Street's expectations this week. Insight on the markets, and the Fed's impact, with Andy Cross, Motley Fool.

  • Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.