U.S. News

Bids Expected Today for Home Depot's Supply Unit


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.