(Adds dropped word 'not' to 6th paragraph)
LONDON Feb 12 The founding family of Britain's
No. 4 grocer, Wm Morrison Supermarkets, has contacted
private-equity funds such as CVC Capital Partners and Carlyle
Group to weigh their interest in taking the retailer
private, Bloomberg reported, citing people with knowledge of the
It said the family, which holds about 9.5 percent of the
supermarket, has so far been unable to find a buyout partner due
to concerns about Morrisons' slow sales growth and the size of
Bloomberg cited the sources as saying the family has also
approached other private-equity funds including Apax Partners
. It said Apax had decided not to pursue a deal.
It said a buyout of Morrisons would exceed 7 billion pounds
($11.5 billion) and require a group of funds to work together.
Morrisons and CVC declined to comment when contacted by
Reuters. Apax and Carlyle were not immediately available for
Morrisons' founding family could not be immediately reached.
Shares in Morrisons were up 2.8 percent in early trade to
244 pence. ($1 = 0.6067 British pounds)
(Reporting by James Davey; Editing by Neil Maidment)