General Parts May Sell Carquest for $2 Billion -Reuters

Date : 07/23/2012 @ 4:13PM
Source : Dow Jones News
Stock : Wells Fargo & Company (WFC)
Quote : 54.94  0.0 (0.00%) @ 8:23AM

General Parts May Sell Carquest for $2 Billion -Reuters

Kkr & Co. L.P. Common Units Representing Limited Partnership Interest (NYSE:KKR)
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General Parts International Inc. is exploring a sale of its Carquest retail store chain in a deal that could be worth $2 billion, Reuters reported Monday, citing three people familiar with the matter.

Private-equity firms, including Leonard Green & Partners LP and KKR & Co. (KKR), have shown interest in Carquest and management is holding presentations for potential buyers, the sources told Reuters.

General Parts has hired Wells Fargo (WFC) to manage the sale, the report said.

Carquest, Leonard Green, KKR and Wells Fargo declined to comment, Reuters said.

Full story at http://www.reuters.com/article/2012/07/23/us-carquest-sale-idUSBRE86M13Z20120723

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