Kwik-Fit For Sale
Following its acquisition by British private equity firm, CVC Capital Partners, Kwik-Fit has put itself up for sale in a move that could raise as much as £800 million. CVC is reported to have sent information on the company to “a string of prospective buyers.” Although the names of the these companies have not been officially released, Reuters speculated that the list would include all the leading buyout firms including Cinven, Kohlberg Kravis Roberts, BC Partners, Permira and J P Morgan Partners. The sale is expected to be completed by the end of the summer.