Safeway Said to Be in Talks With CVC, Leonard Green

CVC Capital Partners Ltd. and Leonard Green & Partners LP are among the firms in talks with Safeway Inc. about buying some or all of the grocery chain as it weighs a sale, people with knowledge of the matter said.

Cerberus Capital Management LP is also discussing options with the retailer, said one of the people, who asked not to be identified because the process is private. While the firms are looking at acquiring the entire company, they’re more interested in cherry-picking assets in certain regions, such as California, said the people. Goldman Sachs Group Inc. is working with Safeway as it explores possibilities, one person said.