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3i hires Goldman Sachs to run potential sale of Agent Provocateur -NY Times

Fri, 08th Aug 2014 00:33

Aug 8 (Reuters) - London-based private equity firm 3i GroupPlc had hired U.S. bank Goldman Sachs Group Inc to run a potential sale of British luxury lingerie retailerAgent Provocateur, the New York Times reported on Thursday,citing a source.

The Wall Street bank would soon let potential suitorsconduct due diligence, the daily quoted the person briefed onthe matter as saying. (http://nyti.ms/1shtKZ4)

In July, British media outlets had reported that 3i Groupwas exploring a sale of the retailer, for which the firm couldfetch about 200 million pounds ($337 million), including debt.

3i Group and Goldman Sachs could not immediately be reachedfor a comment outside of regular business hours. ($1 = 0.5942 British Pounds) (Reporting by Esha Vaish in Bangalore; Editing by DavidGregorio)

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