3i hires Goldman Sachs to run potential sale of Agent Provocateur: NY Times
(Reuters) - London-based private equity firm 3i Group Plc (III.L) had hired U.S. bank Goldman Sachs Group Inc (GS.N) to run a potential sale of British luxury lingerie retailer Agent Provocateur, the New York Times reported on Thursday, citing a source.
The Wall Street bank would soon let potential suitors conduct due diligence, the daily quoted the person briefed on the matter as saying. (nyti.ms/1shtKZ4)
In July, British media outlets had reported that 3i Group was exploring a sale of the retailer, for which the firm could fetch about 200 million pounds ($337 million), including debt.
3i Group and Goldman Sachs could not immediately be reached for a comment outside of regular business hours.
(Reporting by Esha Vaish in Bangalore; Editing by David Gregorio)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.