A handful of buyout firms, including Cerberus Capital Management LP, are exploring a deal for all or part of supermarket chain Safeway Inc (SWY.N), according to people familiar with the matter, in what could potentially shape up to be one of the largest leveraged buyouts since the financial crisis.
Safeway, the second-largest U.S. mainstream grocery store operator with a market value of over $8 billion, is not running an auction currently, but is aware of the buyout interest and reviewing options with advisor Goldman Sachs Group Inc (GS.N), the people said on Tuesday.
They asked not to be named because the matter is confidential. Safeway, Cerberus and Goldman declined to comment.
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