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

Thu Aug 7, 2014 8:35pm EDT

A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014.  REUTERS/Lucas Jackson

A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014.

Credit: Reuters/Lucas Jackson

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(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)

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