CVC, TPG Capital Weigh Buying Punch Taverns, Mail on Sunday Says
CVC Capital Partners Ltd. is considering buying Punch Taverns Plc, the Mail on Sunday reported, without saying where it got the information.
CVC is in talks with Punch’s adviser Goldman Sachs Group Inc. about a bid for the 6,800 bars, while TPG Capital is also talking to Goldman about buying some or all of the assets, the newspaper said. TDR Capital LLP, Apax Partners LLP, Bridgehouse Capital, Charterhouse Capital Partners LLP and Cinven Ltd. are also interested, the Mail on Sunday said. Punch declined to comment, the newspaper said.
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